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
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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
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News
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- MercadoLibre (MELI) to Report Q1 Results: Wall Street Expects Earnings Growth [Yahoo! Finance]Yahoo! Finance
- MercadoLibre, Inc. (NASDAQ: MELI) had its price target lowered by analysts at Wedbush from $2,000.00 to $1,800.00. They now have an "outperform" rating on the stock.MarketBeat
- Chilean Retailer Falabella Aims to Close Several Major Asset Sales This Year [Yahoo! Finance]Yahoo! Finance
MELI
Earnings
- 2/22/24 - Miss
MELI
Sec Filings
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- 4/23/24 - Form 8-K
- MELI's page on the SEC website