PYMNTS

JANUARY 12, 2021

In today’s top payments news around the world, Checkout.com has brought its valuation to $15 billion after the closing of a $450 million Series C funding round, while Pakistan has debuted a government-run instant digital payment infrastructure. Checkout.com Closes $450 Million Series C For $15 Billion Valuation. and the World Bank.

Valuation 54

Valuation Concentration Banking Planning 54

Barry Ritholtz

OCTOBER 2, 2024

Soraya Darabi : About half the time VC firms are concentrated into three metropolitan areas, California, New York, and Massachusetts. Typically the, the valuations are. That’s how sensible the valuations are outside of the major terrains. But it’s just about the combination of a concentration of talent and capital.

Investments 73

Investments Valuation Startups Concentration 73

PYMNTS

JANUARY 12, 2020

million in a Seed funding round for its neo-bank epiFi, led by Sequoia India and Ribbit Capital, TechCrunch reported on Sunday (Jan. Sujith Narayanan and Sumit Gwalani, both co-founders of Google Pay India — formerly called Google Tez — said the seed funding brings the neo-bank startup epiFi to a valuation of roughly $50 million.

Concentration 40

Concentration Startups Valuation Financial Systems 40

CFO News Room

DECEMBER 5, 2022

As a result, the ‘traditional’ valuation of an advisory firm wasn’t really 2X revenue; it was 6-8X profits, and when advisory firms can run 25% to 30% profit margins, 7X profits at 28% margins came out to almost exactly 2X revenue. (In When it comes to technology firms, revenue valuation multiples are often much higher.

Planning 130

Planning Technology Valuation Communication 130

Musings on Markets

AUGUST 15, 2023

After the rating downgrade, my mailbox was inundated with questions of what this action meant for investing, in general, and for corporate finance and valuation practice, in particular, and this post is my attempt to answer them all with one post. Determinants So, why do risk-free rates vary across time and across currencies?

Investments 98

Investments Currencies Treasury Hurdle Rate 98

Musings on Markets

JULY 17, 2023

That does not surprise me, since I have never bought into the “Fed did it” theme, and have written multiple posts about why it is inflation and economic growth that drive interest rates, not central banks. Financials, handicapped by the bank runs at SVB and First Republic, have been flat for the year, as has been real estate.

Marketing 98

Marketing Treasury Currencies Valuation 98

PYMNTS

SEPTEMBER 14, 2016

perhaps not surprisingly, given the two transactions just mentioned — represented the bulk of concentration, to the tune of 86 percent of all investment activity. C3 IoT is a leading IoT development platform that initially focused on the energy sector but is now tapping the lucrative spaces of fraud detection, health care and banking.

Investments 74

Investments Concentration Valuation Technology 74

Barry Ritholtz

SEPTEMBER 3, 2024

Heather Brilliant : I worked at Bank of America and, and they had a wonderful corporate finance training program. Heather Brilliant : Well, actually I had, I had pursued the CFA program first, and I learned about the CFA from a colleague at Bank of America, and I got right on it. Barry Ritholtz: Huh, really, really interesting.

Investments 59

Investments Valuation Concentration Marketing 59

Barry Ritholtz

OCTOBER 2, 2024

Soraya Darabi : About half the time VC firms are concentrated into three metropolitan areas, California, New York, and Massachusetts. Typically the, the valuations are. That’s how sensible the valuations are outside of the major terrains. But it’s just about the combination of a concentration of talent and capital.

Investments 52

Investments Valuation Startups Concentration 52

Barry Ritholtz

AUGUST 16, 2022

So just practically speaking, there’s going to be less to do if you’re trading German interest rates, and the central banks not moving them for 10 years. We’ve got central banks all over the world starting to move. And I think the problem that inflation causes for central banks are not going away so quickly.

Profit and Loss 122

Profit and Loss Foreign Exchange Valuation Investments 122

PYMNTS

AUGUST 13, 2018

Facebook Wants Access to User Bank Accounts. Facebook has reportedly had conversations with banks about giving Messenger access to user bank accounts. And never mind that consumers aren’t sitting on hold for hours these days with the bank waiting to get updated information on transactions and account balances.

Banking 44

Banking Transportation Investments Accounting 44

Musings on Markets

JANUARY 9, 2021

To illustrate, consider a practice in valuation, where analysts are trained to add a small cap premium to discount rates for smaller companies, on the intuition that they are riskier than larger companies. It is very likely that these rules of thumb were developed from data and observation, but at a different point in time.

Valuation 52

Valuation Currencies Numbers Corporate Finance 52

Barry Ritholtz

DECEMBER 19, 2023

And when they look at a sector, they want to be long, the very best stocks at the best valuations they can, and short the worst stocks at the worst valuations. So after my experience in Baltimore, I, I wanted to pivot to finance and came back to school and applied to every major investment bank that did not go so well.

Healthcare 65

Healthcare Investments Construction Concentration 65

Barry Ritholtz

FEBRUARY 6, 2024

My mental image was that he worked in the bank of, back of a bank approving mortgage applications. And speaking of the.com implosion, like Microsoft via a case study where we, in previous strategies, we held Microsoft for a very long time, that’s where the valuation could help us in the.com bus. It was over 50 right?

Valuation 52

Valuation Investments Finance Math 52

Barry Ritholtz

FEBRUARY 12, 2024

They could put me running a grain elevator, gosh knows where I interviewed with consulting companies and banking companies. And eventually I got a job offer at Donaldson Lefkin Jenette, which is no longer here, but it was an investment bank of, of some note at the time. I interviewed with some airlines. Real really interesting.

Investments 118

Investments Marketing Numbers Entertainment 118

Barry Ritholtz

DECEMBER 6, 2022

So, yeah, I had a career in investment banking with Jefferies, and it was a really good professional experience because I do have the opportunity to work in M&A, equity and debt financing. I had the chance to be part of some very interesting transactions in the banking space. billion deal. BERRUGA: Yeah, speed. RITHOLTZ: Yeah.

Investments 65

Investments Marketing Numbers Risk Management 65

CFO News Room

JANUARY 17, 2023

Consequently, I will concentrate this post on how this crisis is playing out in markets, and the effects it has had, so far, on businesses and investments, and whether these effects are likely to be transient or permanent. I revisited my valuation of the index, with the updated values: Spreadsheet to value the S&P 500.

Economics 130

Economics Valuation Treasury Forecasting 130

Barry Ritholtz

AUGUST 15, 2023

What’s the valuation? So that comes out in position sizing and conviction and just making sure that you’re thinking about all the things that could go wrong if you’re taking a more concentrated position in something. RITHOLTZ: Right. So you had written, you spend 99% of the time assessing the merits of the deal.

Investments 52

Investments Benchmarking Marketing Treasury 52

Musings on Markets

MARCH 19, 2022

Consequently, I will concentrate this post on how this crisis is playing out in markets, and the effects it has had, so far, on businesses and investments, and whether these effects are likely to be transient or permanent.

Economics 100

Economics Valuation Treasury Forecasting 100

CFO News Room

NOVEMBER 5, 2022

While private valuations have soared in recent years, public markets continue to be less kind to RIAs. He previously worked at a financial planning firm in Bethesda, Maryland, and as a journalist covering the banking and insurance industries. Enjoy the ‘light’ reading! Author: Adam Van Deusen. Team Kitces.

Mergers and Acquisitions (M&A) 130

Mergers and Acquisitions (M&A) Profit and Loss Investments Securities 130

Barry Ritholtz

SEPTEMBER 10, 2024

Mike Wilson has been with Morgan Stanley since 1989, rising up through the ranks of institutional sales, trading, investing, banking to eventually becoming Chief Investment Officer and Chief US Equity Strategist. So I was really investment banking. Second part of our framework is valuation fundamental work.

Valuation 65

Valuation Investments Economics Marketing 65

Barry Ritholtz

JUNE 13, 2023

You went to school in Paris, but you began your career in London at Merrill and Deutsche Bank. So that was a while back, but nonetheless, I don’t know if it was love at first sight, but we got to get along pretty well, and after a few years working for investment banks, he then joined Goldman Sachs. We were 28, 30 respectively.

Investments 59

Investments Banking Entertainment Marketing 59

Barry Ritholtz

DECEMBER 12, 2023

And Bank of America called me and said, would you like to be director of research and strategy? And if you’ve got a wildly diverse industry like banks or savings and loans, 00:24:03 [Speaker Changed] You wanna own a few to 00:24:04 [Speaker Changed] Keep track 00:24:05 [Speaker Changed] As a benchmark for the sector.

Benchmarking 106

Benchmarking Concentration Investments Profit and Loss 106

Barry Ritholtz

APRIL 11, 2023

 The transcript from this week’s, MiB: Aswath Damodaran: Valuations, Narratives & Academia , is below. You’re known as the dean of valuation. He said, oh, dean of valuation, it’s easier to say. So let’s start with the question, what led you to focus on valuation? RITHOLTZ: Right. And I said, why?

Valuation 119

Valuation Education Numbers Finance 119

Barry Ritholtz

DECEMBER 14, 2022

But I think the combination of as you talked about some of the learnings from the global financial crisis, some of the restrictions on banks, I think also we can’t underestimate how COVID did create an interruption to, you know, what was a very healthy market — RITHOLTZ: To say the least. MCCARTHY: Much more substantial. Cambridge U.K.,

Mergers and Acquisitions (M&A) 65

Mergers and Acquisitions (M&A) Investments Construction Concentration 65

Musings on Markets

FEBRUARY 4, 2023

As for the institutions involved, which include banks, regulatory authorities and LIC, I have learned not to attribute to venality or corruption that which can be attributed to inertia and indifference. Fourth, Indian banks have always felt more comfortable lending to family businesses than stand alone enterprises for two reasons.

Investments 100

Investments Valuation Auditing Restructuring 100

CFO News Room

FEBRUARY 5, 2023

As for the institutions involved, which include banks, regulatory authorities and LIC, I have learned not to attribute to venality or corruption that which can be attributed to inertia and indifference. It is possible that Hindenburg was indulging in hyperbole when it described Adani to be “the biggest con” in history.

Marketing 130

Marketing Investments Auditing Profit and Loss 130

Musings on Markets

MARCH 15, 2025

Global Institutions : While the World Bank and the IMF predate the globalization shift, their power has amped up, at least in many emerging markets, and the developed world has created its own institutions and agreements (EU and NAFTA, to name just two) making it easier for businesses and individuals to operate outside their domestic borders.

Investments 130

Investments Profit and Loss Valuation Economics 130

PYMNTS

MAY 28, 2020

“One big difference between now and the last financial crisis is the cash balances of the tech majors are in the hundreds of billions, all effectively onshore, due to the Trump tax changes,” John Gnuse, a tech M&A adviser at Lazard Asset Management, a New York financial advisory firm that engages in investment banking, told FT.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) Concentration Valuation Startups 52

Barry Ritholtz

MARCH 26, 2024

You still get these, you know, cap driven concentration problems in the market like last year. And then of course the exposure to commercial real estate, which is yes, down into the smaller regional banks, many of the same banks that that suffered the most from last year’s mini banking crisis.

Investments 59

Investments Marketing Concentration Economics 59

Barry Ritholtz

DECEMBER 17, 2024

You end up doing investment banking in New York in the mid nineties. None of the consultants would wanted to hire me, but the, somehow the investment banking side found me, or I found them. Doesn’t it deserve a, a richer valuation? 00:04:16 [Speaker Changed] So, so let, let’s talk about some of those other ambitions.

Technology 52

Technology Investments Numbers Concentration 52

Barry Ritholtz

DECEMBER 10, 2024

He was running the h and q investment bank, and then Roger was my next door neighbor and very good friends with Jim. These 10% are what’s driving the entire valuation. The parallels are that there is a concentration of interest. We’ll buy the rest of it at a, a full valuation, which we did.

Technology 52

Technology Manufacturing Investments Education 52

Barry Ritholtz

NOVEMBER 4, 2024

But I think the reality is right now, we just have an overhang from, I certainly in my world, I can speak to healthcare and FinTech, a number of companies going public and then disappointing or valuation just being excessive compared to the maturity of the businesses. Why has healthcare been such a challenge to build in basic technologies?

Healthcare 52

Healthcare Investments Numbers Marketing 52

Barry Ritholtz

FEBRUARY 20, 2024

There are few people in the world who understand the interrelationships between central banks, the economy, and markets like Bill Dudley does this, this is just a master class in, in understanding all the factors that affect everything from the economy to inflation, to the labor market, the housing market, and of course, federal Reserve policy.

Treasury 59

Treasury Marketing Banking Economics 59

Barry Ritholtz

FEBRUARY 4, 2025

He, he’s got a really fascinating background, IMF, OECD, Deutsche Bank, and now on the private buy side with a big emphasis on private sector companies. So the biggest chunk of your career was at Deutsche Bank. And when they decided to move to Deutche Bank, I decided to say, well, I know these people really well.

Economics 103

Economics Finance Manufacturing Banking 103