Vietnam mobile wallet MoMo raises about $100 million, aims for IPO [Reuters]
Hello Group Inc. - American Depositary Shares (MOMO)
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Source: Reuters
Vietnam mobile wallet MoMo raises about $100 million, aims for IPO By Phuong Nguyen 2 Min Read HANOI, Jan 13 (Reuters) - Vietnam’s biggest e-wallet company, MoMo has raised at least $100 million from six global investors, including Warburg Pincus, as part of plans to become a “super-app” and go public by 2025, the company and a source said on Wednesday. Financial technology, an attractive investment area in the country of nearly 98 million people, has gained more traction during the COVID-19 pandemic, with retail moving online and consumers looking for more contactless payment options. “The amount was not disclosed due to our strict agreement with investors but this deal size is somewhat bigger than our previous fundraising of $100 million,” Pham Thanh Duc, MoMo CEO, told Reuters. “We hope to go public in the 2021-2025 period, possibly in 2025. For us, IPO is a must,” Duc said of the prospect of an Initial Public Offering, adding it was too early to discuss on which bourse MoMo might
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News
- Hello Group (NASDAQ:MOMO) Has More To Do To Multiply In Value Going Forward [Yahoo! Finance]Yahoo! Finance
- Hello Group Stock: Seems Cheap, But Lacks Growth Opportunities [Seeking Alpha]Seeking Alpha
- Apple CEO visits Hello Group Inc. and is impressed with inSpaze on Apple Vision Pro [Yahoo! Finance]Yahoo! Finance
- Apple CEO visits Hello Group Inc. and is impressed with inSpaze on Apple Vision ProPR Newswire
- Hello Group Inc. (NASDAQ: MOMO) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
MOMO
Earnings
- 3/14/24 - Beat
MOMO
Sec Filings
- 4/15/24 - Form 6-K
- 4/8/24 - Form 6-K
- 3/14/24 - Form 6-K
- MOMO's page on the SEC website