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Worldwide Pet Care E-Commerce Industry to 2025 - Featuring PetSmart, Walmart and Chewy Among Others - ResearchAndMarkets.com
January 13, 2021 GMT
DUBLIN (BUSINESS WIRE) Jan 13, 2021
The global pet care e-commerce market was valued at US$28.379 billion in 2019.
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Growing adoption of pets worldwide is the major driver of global pet care e-commerce market. Rising disposable incomes and living standards are encouraging people to own expensive breeds. As such, the expenditure on the well-being of pets is also increasing across the globe. With growing internet penetration and proliferation of smartphones, booming e-commerce industry is offering pet care product owners to sell their products online and expand their market reach. Thus, increasing internet penetration and growing tech-savvy pet owner population is also significantly driving the growth of the global pet care e-comme
Lender Affirm Prices IPO Above Range to Raise $1.2 billion
Bloomberg 1/13/2021 Crystal Tse and Katie Roof
(Bloomberg) Affirm Holdings Inc., which provides installment loans to online shoppers, priced its U.S. initial public offering above its marketed range to raise $1.2 billion.
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In the first major U.S. technology listing this year, Affirm sold 24.6 million shares for $49 each, according to a statement on Wednesday, confirming an earlier Bloomberg News report. The San Francisco-based company had marketed the shares for $41 to $44 apiece, a range that it had raised Monday from $33 to $38.
The IPO gives Affirm a market value of $11.9 billion based on the outstanding shares listed in its filings with the U.S. Securities and Exchange Commission. The company’s fully diluted valuation, including options and restricted stock units, is about $15 billion.
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The global pet care e-commerce market was valued at US$28.379 billion in 2019. Growing adoption of pets worldwide is the major driver of global pet care e-commerce market. Rising disposable incomes and living standards are encouraging people to own expensive breeds. As such, the expenditure on the well-being of pets is also increasing across the globe. With growing internet penetration and proliferation of smartphones, booming e-commerce industry is offering pet care product owners to sell their products online and expand their market reach. Thus, increasing internet penetration and growing tech-savvy pet owner population is also significantly driving the growth of the global pet care e-commerce market.
Affirm Holdings Inc. almost doubled in its public market debut, the latest multibillion-dollar technology company to start trading significantly higher than its initial public offering price.
Sizzling US stock markets await next leg of record IPO run in 2021
The rush looks set to continue, with an array of companies already preparing for market debuts in the new year
(Bloomberg)
. Updated: 31 Dec 2020, 06:21 PM IST Bloomberg
Around $180 billion was raised from IPOs on US exchanges in 2020, more than double last year’s total
Instead of jetting between cities to meet investors, executives and their advisers have been able pitch to potential shareholders via conference calls
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A booming market for US initial public offerings shows no sign of slowing in 2021.
Around $180 billion was raised from IPOs on US exchanges in 2020, more than double last year’s total and far above the previous high of $102 billion set in 2000, according to data compiled by Bloomberg. Companies have been emboldened by soaring equity values, especially in the second half, while a proliferation of listings by blank-check firms has also boosted volumes.