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0 8.17808600074495E-06 -0.00506223523446577 0.00015538363401434 -0.000637890708058664 0.0105088405109669 0.00590457809254324 0.00925759335285183
Stock impact report

Indian Fintech PayTM Bungled Its IPO. But the Game Isn't Over for Emerging Market Tech Companies. [MarketWatch]

MercadoLibre, Inc. (MELI) 
Last mercadolibre, inc. earnings: 2/10 04:01 pm Check Earnings Report
Company Research Source: MarketWatch
That's a good thing. “From investors' point of view this is positive,” says Ian Chun, an Asia-focused portfolio manager at Vontobel's Quality Growth Boutique. “Companies will need to articulate their vision more clearly, or seek a more reasonable valuation.” PayTM, listed as One97 Communications (ticker: 543396: India), plunged by a quarter the day after its Nov. 18 IPO. It's still down 17%. PayTM was the latest contender to be an emerging markets “superapp.” In countries that are still in their digitization growth spurt, the theory runs, a company that grabs users can leverage them into multiple verticals: e-commerce, wealth management, games, ride-hailing, whatever. Profits, if there are any, take a far back seat to future potential. Over the weekend, One97 posted its first financial results as a public company, with losses widening to 4.74 billion rupees ($63 million) in the July-to-September quarter from the year ago period, Bloomberg reported. Markets have begun to questio Show less Read more
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