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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The company’s smooth listing on the BSE SME platform despite a dubious track record shows how lax scrutiny of the IPO process puts public investors at risk.
You may have heard of Cot & Candy, an e-commerce website that sells children’s furniture, bedding, toys and so on. In case you haven’t, which is hardly surprising, the company was founded in 2015 and its revenue is all of Rs 10 crore.
Yet, this month, the parent, Pace E-Commerce Ventures Ltd, listed on BSE’s platform for small and medium enterprises—a little over a month after filing its draft prospectus. The company raised Rs 41 crore in fresh capital, pricing its shares at Rs 103 each, giving it a discounted price-to-earnings ratio of 343; existing shareholders sold shares worth Rs …
The region seems to be hyper-focused on boosting investor confidence in different markets; PIF’s new loan.
A new partnership between the two investment giants; Dubai Investments Park opens for subscription; and fears of war, once again.
The kingdom is moving to tighten the rules around public listings, algorithmic trading, trading in foreign securities and company disclosures—all in an effort to chase transparency.
