Private equity firms are paying more for leveraged buyouts to keep pace with soaring valuations of acquisition targets, making some investors leery of whether the industry can keep delivering on promises of lucrative returns.
The company operates in a fast growing business category and has shown a sharp revenue growth in the past fiscal and the first semester of FY21. The IPO looks aggressively priced reflecting the growth potential.
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March 16 (Reuters) - Lennar Corp beat quarterly
profit estimates on Tuesday as historically low mortgage rates
and a COVID-19 pandemic-induced shift to suburban living
encouraged more Americans to buy homes.
The housing market has been one of the persistent bright
spots throughout the coronavirus-driven recession. However, it
faces prospects of a slowdown as mortgage rates rise on the back
of a surge in U.S. Treasury yields.
Lennar estimated second-quarter orders an indicator of
future sales between 16,500 homes and 16,700 homes, above
analysts estimates of 16,240 homes, helped in part by a
shortage of previously owned houses on the market.
WASHINGTON (dpa-AFX) - A report released by the Commerce Department on Tuesday showed U.S. business inventories increased in line with economist estimates in the month of January.The Commerce
March 15, 2021
Stripe’s valuation has more than doubled from a year ago to $95 billion, putting the fintech into the upper echelons of the world’s most valuable payment companies.
Despite the highflying fundraising round, age still comes before beauty in the business of digital transactions. At 11 years old, the quickly diversifying Stripe can hardly be called a startup any longer, but it’s still much younger than Visa, the credit card network, and PayPal, which pioneered payments for online commerce, each of which have market capitalizations in the hundreds of billions. It can take many years to build a payments network, but the companies that avoid disruption long enough to do so can become profoundly valuable, with massive protective moats around their businesses.