SoftBank-Backed Unicorn Rappi Hires CFO to Get Ready for IPO [BNN Bloomberg (Canada)]
MercadoLibre, Inc. (MELI)
Last mercadolibre, inc. earnings: 2/10 04:01 pm
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US:NASDAQ Investor Relations:
investor.mercadolibre.com/investor-relations
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Source: BNN Bloomberg
Tiago Azevedo joined Rappi's C-suite, based in Sao Paulo, following stints as finance chief for the Brazil divisions of MercadoLibre Inc. and The Hershey Company. Bogota-based Rappi, which has expanded across the region since its founding in 2015, reached break even for the first time in late 2023. It's still expanding, pouring money into Mexico, which is its largest market, and Brazil following the acquisition of a competitor. “We want to prepare Rappi to be ready for an IPO in the moment when it makes sense,” said Azevedo in his first interview since taking the position in late February. “There is no rush to go public, especially now that we are very stable in terms of projections for cash generation.” After a downturn over the past two years, the market for public offerings of technology companies in the US has picked up, with Walmart-backed Ibotta Inc, social media platform Reddit Inc, and Microsoft Corp.-backed data security startup Rubrik Inc. all debuting in public marke
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MELI
Earnings
- 5/2/24 - Beat
MELI
Sec Filings
- 5/3/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 4/25/24 - Form DEFA14A
- MELI's page on the SEC website