Legendary short-seller Jim Chanos reveals he is betting against DraftKings and DoorDash

Jim Chanos.CNBC/Getty The legendary investor who anticipated the Enron collapse 20 years ago has two new short positions. Jim Chanos said he's betting against food-delivery app DoorDash and sports-betting firm DraftKings. DoorDash's net losses caught Chanos' attention. For DraftKings, it was the marketing spend. Legendary short seller Jim Chanos has two new companies he's betting against: DraftKings and DoorDash. In an interview on CNBC, the founder of Kynikos Associates revea...
Tags: Ipo, Trends, Markets, Cnbc, Draftkings, Doordash, Short Selling, SPAC, Enron, Jim Chanos, Kynikos Associates, Chanos, DKNG stock price, DASH stock price, Natasha Dailey, MI Exclusive

5 crypto scams to know before you start trading coins

Since cryptocurrency markets are still relatively new and less regulated, they’re more vulnerable to market manipulation.Victoria Gnatiuk/Getty Cryptocurrency is less regulated than other assets, which can lead to scams, fraud, and financial ruin. There are various forms of crypto market manipulation, including pump-and-dump schemes and rug pulls. Investors can avoid several common crypto scams by performing thorough due diligence before trading. Visit Insider's Investing Reference librar...
Tags: Personal Finance, Ipo, Trends, Reddit, Crypto, Federal Trade Commission, Ico, Don, Coinmarketcap, ICOS, Heng, Crypto Scam, Investing (Reference, Investing How To, Cryptocurrecny, ReportFraud ftc

11 CFOs discuss their biggest priorities and challenges and how they guide innovation within their organizations

Chief financial officers told Insider about their biggest opportunities and challenges.Square, Zapier, Turo, Framebridge, Visa, Salesforce, Whoop, QuantumScape, The Sill, Citigroup, Compass; Edited by Kazi Awal Kazi Awal/Insider This article is part of The CFO Project: Future of Finance series that drills down on what's on the agendas of some of today's most influential financial executives.Companies have been stretched in demanding ways during the COVID-19 pandemic. Labor shortages...
Tags: Labor, Ipo, Boston, US, Trends, ERP, Compass, Whoop, Citi, EBITDA, Carlyle, Zapier, Mark Mason, Newbury Street, Jane Fraser, Turo

Property developer Winton confirms IPO, raising $350m via pre-Christmas NZX and ASX listings

Winton Land has today confirmed plans for an initial public offering to raise up to $350 million by listing on the NZX and ASX and it has a $200m cornerstone shareholder and $100m further commitments.Chief executive Chris Meehan... [Author: [email protected]]
Tags: Business, Ipo, ASX, Winton, NZX, Chris Meehan, Winton Land

Paytm Shares: BlackRock, Canada Pension Bought More Paytm Stock After Rout

Several of the biggest investors in Paytm’s record-breaking initial public offering added to their stakes in the Indian fintech giant after shares plunged by as much as 41%, according to people familiar with the matter. BlackRock Inc. and Canada Pension Plan Investment Board were among so-called anchor investors in the IPO that bought more Paytm shares on Tuesday and Wednesday, the people said,asking not to be identified discussing private information. The stock climbed for a third day on T...
Tags: Travel, Ipo, Mumbai, Paytm, Blackrock, BlackRock Inc, Canada Pension Plan Investment Board, Rupert Neil Bumfrey, BlackRock Canada Pension

Dan Loeb's hedge fund Third Point netted a $300 million profit from Rivian's IPO, report says

Rivian's IPO was one of the biggest in history.Michael M. Santiago/Getty Images Daniel Loeb's Third Point made a $300 million profit on the back of Rivian's huge IPO, the Financial Times has reported. The hedge fund made a number of investments over the last year, including in convertible notes which turned into shares. Rivian went public earlier this month in one of the biggest IPOs in history, raising $11.9 billion. Third Point, the hedge fund of billionaire investor Daniel Loeb...
Tags: Amazon, Ipo, US, Trends, General Motors, Ford, Electric, Financial Times, Oppenheimer, Loeb, Dan Loeb, Daniel Loeb, Harry Robertson, Rivian, RJ Scaringe, Scaringe

Paytm CEO Vijay Shekhar Sharma lost $836 million in two days

Paytm founder Vijay Shekhar Sharma’s wealth has nosedived more than $836 million after One97 Communications Ltd, the company he has taken public, nosedived 37% in two trading sessions since its market debut. Sharma, who founded the company in 2000, holds a 9.1% stake, or 60 million shares, in Paytm. Paytm said its monthly transacting users also grew by 35% to 63 million in October from 47 million a year ago. [Via]
Tags: Business, News, Ipo, Vijay Shekhar Sharma, Paytm, Sharma, Paytm Paytm, One97 Communications Ltd

Paytm shares rise nearly 10% ,after crashing for two straight days

Shares of recently listed One 97 Communications, the parent entity of digital payments firm Paytm, climbed nearly 10 per cent on Tuesday after declining for two consecutive days post their listing. The Paytm scrip rose 9.58 percent to end at Rs 1,489.80 apiece on the National Stock Exchange while on the BSE, it climbed 9.90 per cent to settle at Rs 1,494.95 per share. During the intraday trade, the stock had hit a high of Rs 1,525.00 on the BSE and NSE. Over 1.29 crore shares were traded on the...
Tags: Business, News, Ipo, Paytm, NSE, National Stock Exchange

NoBroker becomes India’s maiden proptech unicorn

Real estate renting and buying platform, NoBroker, on Tuesday said it has raised $210 million as a part of its Series E funding round led by General Atlantic, Tiger Global Management, and Moore Strategic Ventures. The round values NoBroker at $1.01 billion, making it the first property tech and real estate startup to achieve unicorn status. Over the next two financial years, real estate buying is expected to account for almost 60% of NoBroker’s revenues due to higher ticket sizes. [Via]
Tags: Business, News, Ipo, India, Indian Startups

BharatPe CEO said Paytm disrupted the Indian market to return money to Chinese investors.

In an interaction with Moneycontrol, Ashneer Grover, whose firm recently got a small finance bank license, said Paytm gave Chinese investors their money back at the cost of the public market. Ashneer Grover has officially criticized Vijay Shekhar Sharma’s decision to “misprice” the fintech firm’s public offering, adding that a failed listing ends the frenzied cycle of IPOs in India. It saw the worst performance in recent history by tanking 27 percent to Rs 1,560 from the issue price of Rs 2,150...
Tags: Business, News, Ipo, India, Vijay Shekhar Sharma, Paytm, Ashneer Grover, Moneycontrol Ashneer Grover

The company behind Forever 21 and Brooks Brothers is delaying IPO plans and selling stakes to private equity firms

Forever 21 is among the 30+ companies in Authentic Brands Group's portfolio.Authentic Brands Group Authentic Brands Group will sell equity stakes valuing the retail management company at $1.27 billion.  ABG's founder and CEO Jamie Salter reportedly said the company will pursue an IPO in 2023 or 2024.  ABG plans to bring Reebok into its fold of more than 30 brands next year.  Authentic Brands Group, which is set to acquire Reebok next year, has set aside plans to go public and will sel...
Tags: Ipo, Trends, Markets, Nba, Sports Illustrated, CVC, Wall Street Journal, Forever 21, Securities And Exchange Commission, Lucky Brand, Shaquille O Neal, Aeropostale, Brooks Brothers, CVC Capital Partners, Salter, Reebok

Underwriting: The risk-assessment process used in everything from IPOs to life insurance

Each type of underwriting comes with specific risks — and underwriters generally specialize in one of several risk types.Rob Daly/Getty Underwriting is the process of taking on risk in a financial transaction, typically a loan, insurance, or investments. Underwriters assess risk, determine how much to assume, and at what price. Underwriting helps set rates for loans, premiums for insurance policies, and the cost of risk in securities markets. Visit Insider's Investing Reference library fo...
Tags: Personal Finance, London, Ipo, US, Trends, Mortgage, Underwriting, Loan, ACA, Lloyd, CFP, Investing (Reference, Investing How To, Jim Probasco, Investing Strategies (Reference, PFI Reference

Meet The Real Estate Tech Entrepreneur: Giri Devanur from reAlpha

This week, we interviewed Giri Devanur from reAlpha. Let’s go! Who are you and what do you do? My name is Giri Devanur and I’m a tech entrepreneur and the founder and CEO of reAlpha, a cutting-edge technology company with a plan to empower everyone to invest in the $1.2 trillion short-term rental market. I served as the President and CEO of Ameri100 Inc., since its inception in November 2013. In 4 years, I scaled Ameri from $0 to $50M in revenue and completed the IPO on Nasdaq in under 4 years....
Tags: Interviews, Ipo, Radio, Columbia University, Airbnb, TCG, Giri, Giri Devanur, reAlpha, Ameri100 Inc, WinHire Inc, Ivega Corporation, Ivega, University of Mysore India

10 things in tech you need to know today

Hi there. Today we're covering the ongoing mystery surrounding Bitcoin's founder and explaining why Taylor Swift's latest album was such a big deal.Shall we?If this was forwarded to you, sign up here. Download Insider's app – click here for iOS and here for Android. The statue of Bitcoin's founder is unveiled in Budapest, Hungary.Attila Kisbenedek /AFP via Getty Images 1. A deceased man's family is claiming he helped create Bitcoin. The identity of Bitcoin's founder...
Tags: Apple, Amazon, Facebook, Elon Musk, Florida, New York, London, Taylor Swift, Washington Post, Ipo, Softbank, US, Newsletter, Trends, Tech, Tesla

WeWork tallies revenue increase in first earnings as a public company

The embattled co-working startup saw revenue increase and its losses improve while All Access memberships rose 60 percent from the previous quarter.
Tags: Ipo, Remote Work, Radio, Earnings, Flexible Working, WeWork, Markets & Economy, Select, News Brief, Q3 Earnings, Flexible Working Space

Chamath Palihapitiya defends Rivian's $110 billion market cap, and says the EV startup's critics remind him of Tesla bears

Chamath Palihapitiya defended the EV startup at the weekend. REUTERS/Brendan McDermid Billionaire investor Chamath Palihapitiya has defended EV startup Rivian, after criticism about its $110 billion market cap. Palihapitiya said investors have seen and liked Rivian's product and that it had taken a "smart path to market." Rivian is now valued at more than $110 billion despite never having made any meaningful revenue. Billionaire investor Chamath Palihapitiya has defended the market val...
Tags: Amazon, Facebook, Ipo, US, Trends, Tesla, SoFi, Jason Calacanis, Chamath Palihapitiya, Rbc, Jpmorgan, SPAC, Calacanis, Palihapitiya, Harry Robertson, Rivian

Nykaa reports a 96 percent drop in Q2 net profit after a record listing.

Fashion and cosmetics online retailer Nykaa’s net profit fell 96 percent to Rs 1.1 crore in the September quarter on a year-on-year basis and 69 percent, compared with the June quarter. The company said its gross profit margin improved 345 basis points to 39.3 percent in the September quarter, compared with the corresponding quarter of the previous financial year. The fashion segment’s contribution to consolidated GMV increased to 27 percent in Q2FY22, compared with 14 percent in Q2 of 2020-21....
Tags: Business, News, Ipo, Nykaa

#AbuDhabi Ports Buoyed by Surge in Cargo Volumes Ahead of IPO - Bloomberg

Abu Dhabi Ports Buoyed by Surge in Cargo Volumes Ahead of IPO - Bloomberg Abu Dhabi Ports Group, which is planning to list this year, reported a 22% increase in nine-month revenue helped by higher cargo volumes.General cargo volumes surged 68% to 37 million metric tonnes in the nine months to September, “reflecting the wider global recovery from the impact of the COVID-19 pandemic, although some supply chain issues remain,” the company said. Revenue rose to 2.8 billion dirhams ($762.3 million)...
Tags: Travel, Ipo, Abu Dhabi, EBITDA, Abu Dhabi Securities Exchange, Rupert Neil Bumfrey, IPO Bloomberg, ADNOC Drilling, Mohamed Juma Al Shamsi, IPO Bloomberg Abu Dhabi Ports Group, Fertiglobe Plc

Rivian is now the 2nd most valuable US carmaker after its IPO surge - and its founder R.J. Scaringe is worth $2.2 billion

Rivian had one of the biggest IPOs in history on Wednesday. Rivian Rivian is now the second-most valuable US carmaker after Tesla, and is ahead of Ford and General Motors. Its stock has surged since its IPO on Wednesday, making its founder R.J. Scaringe worth at least $2.2 billion. The EV startup has only ever delivered about 150 cars and suffered a heavy loss in the first half of 2021. Electric-vehicle startup Rivian is now the second most valuable carmaker in the US after its post-IPO su...
Tags: Amazon, Ipo, US, Trends, General Motors, Tesla, Bloomberg, Mit, Ford, Nicholas Colas, Harry Robertson, Rivian, Scaringe, R J Scaringe, Rivian Rivian, DataTrek

Elon Musk weighs in on competitor Rivian after the company's blockbuster IPO, says high production and breakeven cash flow are the 'true test'

Yichuan Cao/NurPhoto via Getty Images Rivian made its debut on the Nasdaq on Wednesday, closing 30% up from its offering price. Tesla CEO Elon Musk said in a tweet that high production and breakeven cash flow would be the "true test" for Rivian. Musk was responding to a tweet that said Tesla had already been selling its Roadster model for two years with plans to roll out Model S when it went public. Elon Musk has weighed in on Tesla competitor Rivian a day after the latter's blockbust...
Tags: Elon Musk, Ipo, Trends, General Motors, Tesla, Ford, Musk, Tesla CEO Elon Musk, Rivian, Yichuan Cao NurPhoto, Huileng Tan, Getty Images Rivian, Rivian Musk

Seasonality is back, iBuying is alive, and other big earnings takeaways

This week saw a flood of real estate company earnings reports. Overall, they indicate the market is well-positioned and maybe returning to some semblance of normalcy.
Tags: Technology, Ipo, Radio, Earnings, Stocks, Compass, Stock Market, Zillow, Redfin, Blend, Seasonality, Keller Williams, EXP, Markets & Economy, Brokerage, Select

Rivian's shares jump more than 10% after soaring on the EV startup's stock market debut

Rivian soared on its debut on the Nasdaq on Wednesday. Michael M. Santiago/Getty Images Rivian stock was more than 10% higher Thursday, after shares soared the previous day during its IPO. The Amazon-backed EV startup finished Wednesday at $100.73 a share, for a market value of $85.9 billion. Investors are hoping Rivian will be the next Tesla and can thrive as countries focus on climate change. Amazon-backed Rivian's shares rose more than 10% Thursday, the day after the electric-vehicl...
Tags: Amazon, Facebook, Ipo, US, Trends, Tesla, Morgan Stanley, SoFi, Harry Robertson, Ben Laidler, Rivian, Bloomberg Rivian, IPO Ford, Michael M Santiago Getty Images Rivian

Rivian jumps another 9% in premarket after $86 billion EV startup soars on stock market debut

Rivian soared on its debut on the Nasdaq on Wednesday. Michael M. Santiago/Getty Images Rivian stock rose as much as 9% in premarket Thursday after soaring the previous day during its IPO. The Amazon-backed EV startup finished Wednesday at $100.73 a share, giving it a market value of $85.9 billion. Investors are hoping Rivian will be the next Tesla and can thrive as countries focus on climate change. Amazon-backed electric-vehicle startup Rivian rose as much as 9% in premarket trading Thur...
Tags: Amazon, Facebook, Ipo, US, Trends, Tesla, Morgan Stanley, SoFi, Harry Robertson, Ben Laidler, Rivian, Bloomberg Rivian, IPO Ford

Rivian soars 29% in IPO debut, valuing electric truck company above peers at nearly $100 billion

Rivian. SOPA Images/Getty Electric truck maker Rivian soared as much as 46% in its IPO trading debut on Wednesday.Rivian is now valued at nearly $100 billion, a sign of the strong demand for EV companies among investors.Rivian stock hit a high of $113.90 per share, well above its IPO pricing of $78 per share.Rivian stock finished its IPO trading day up 29% on Wednesday, giving the electric truck maker a market valuation of nearly $100 billion on a fully diluted basis. That makes it more val...
Tags: Amazon, Ipo, US, Trends, General Motors, Markets, Ford, SEC, Stock Market, Matthew Fox, Rivian, Mover, Ipo 2021, Stock Market 2021, Rivian IPO, MI Exclusive

Rivian soars 46% in IPO debut, valuing electric truck company above peers at more than $100 billion

Rivian. SOPA Images/Getty Electric truck maker Rivian soared as much as 46% in its IPO trading debut on Wednesday.Rivian is now valued at more than $100 billion, a sign of the strong demand for EV companies among investors.Rivian stock hit a high of $113.90 per share, well above its IPO pricing of $78 per share.Rivian stock soared as much as 46% in its IPO debut on Wednesday, giving the electric truck maker a market valuation of more than $110 billion on a fully diluted basis. That makes it...
Tags: Amazon, Ipo, US, Trends, General Motors, Markets, Ford, SEC, Stock Market, Matthew Fox, Rivian, Mover, Ipo 2021, Stock Market 2021, Rivian IPO, MI Exclusive

Jared Leto, who plays disgraced WeWork cofounder Adam Neumann in an upcoming show, warned Neumann not to watch the show

Jared Leto played the Joker in 2016's "Suicide Squad." GQ YouTube/Warner Bros. Pictures An upcoming Apple TV+ show named "WeCrashed" follows "the greed-filled rise and inevitable fall of WeWork." The show stars Jared Leto as Adam Neumann, the cofounder and disgraced former CEO of WeWork. Leto warned Neumann that he shouldn't watch the show, Neumann said in an interview this week. The man who plays Joker in the "Suicide Squad" films, Jared Leto, will depict the disgraced cofounder a...
Tags: Apple, Real Estate, Ipo, Trends, Investing, Apple TV, New York Times, Streaming, Suicide Squad, WeWork, Jared Leto, Neumann, Adam, Sorkin, Adam Neumann, Andrew Ross Sorkin

What to expect as Compass, Opendoor, Offerpad and Keller Williams release earnings today

How will Opendoor and Offerpad respond to Zillow bowing out of iBuying? How is Compass faring as a fledgling public company? And is Keller Williams nearing an IPO?
Tags: Amazon, Ipo, Radio, Compass, Zillow, Keller Williams, Markets & Economy, Brokerage, Select, News Brief, Opendoor, Eric Wu, Ibuyers, Offerpad, Robert Reffkin, Brian Bair

After 2 years of silence, disgraced WeWork founder Adam Neumann admits the company failed -but he still isn't apologizing to the thousands who lost their jobs in the process

Adam Neumann, cofounder and former CEO of WeWork. Reuters After its IPO plans blew up, WeWork cofounder and CEO Adam Neumann was forced out of the company. In his first interview in two years, Neumann was regretful but unapologetic about his time at the company. "It was never my intention for the company not to succeed as much as it did," he said. WeWork cofounder and former CEO Adam Neumann has regrets about his old company's dramatic drop in value, from a pre-IPO valuation of $47 bil...
Tags: Real Estate, Ipo, Softbank, Trends, Investing, WeWork, Hulu, Irs, Neumann, Sorkin, Adam Neumann, Andrew Ross Sorkin, McKelvey, DealBook, Ben Gilbert, Tech Insider

Panera is about to be a public company again, and its IPO will include an investment from the founder of Shake Shack

Panera Bread. John Greim/LightRocket via Getty Images Panera Bread is about to be a public company again after going private in 2017, the WSJ reported. Its IPO will include an investment from the SPAC of Danny Meyer, the founder of Shake Shack. JAB Holding will be a primary shareholder, subject to completion of the Panera IPO. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Panera Bread is about to be a public company again, and its initial public offering will in...
Tags: Ipo, Trends, Markets, Meyer, Wall Street Journal, WSJ, Jpmorgan, SPAC, Danny Meyer, Panera, Shake Shack, US Securities and Exchange Commission, Caribou Coffee, Panera Bread, JAB Holdings, JAB Holding