Latin American Startups Are Facing a Wipeout, Says Clip CEO [Business News Network (BNN) (Canada)]
MercadoLibre, Inc. (MELI)
Last mercadolibre, inc. earnings: 2/10 04:01 pm
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Source: Business News Network
years, but the head of Mexican payments company Clip says his company is set to thrive. Latin America was the world's fastest-growing region for venture funding last year. But now it's facing a “hangover” as investors recoil from risky bets and many companies are not going to survive, said Clip Chief Executive Officer Adolfo Babatz. “Right now, an IPO is out of discussion, but if we list, it will definitely be in the US,” Babatz said in an interview this week from the company's cozy tech-startup style headquarters high in one of Mexico City's new towers. While Mexico's more mature startups had been expected to possibly go public this year or next, the current “meltdown” will “delay everything for maybe 24 months,” he said. Mexico's other so-called unicorns that are valued more than $1 billion, such as used-car seller Kavak and cryptocurrency exchange Bitso, are also expected to choose US markets when they eventually list in what would be another blow for the local stock market,
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News
- 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
- Chilean Retailer Falabella Aims to Close Several Major Asset Sales This Year [BNN Bloomberg (Canada)]BNN Bloomberg
- MercadoLibre, Inc. (NASDAQ: MELI) was upgraded by analysts at DZ Bank AG from a "hold" rating to a "buy" rating. They now have a $1,685.00 price target on the stock.MarketBeat
MELI
Earnings
- 2/22/24 - Miss
MELI
Sec Filings
- 4/23/24 - Form 8-K
- 2/23/24 - Form 10-K
- 2/22/24 - Form 8-K
- MELI's page on the SEC website