Airbnb is aiming for a valuation of nearly $35-billion in what will be the last blockbuster US IPO of the year, marking a stunning recovery in its fortunes after the home rental firm was ravaged by Covid-19.
Browsing: Investment
S&P Global is in advanced talks to buy IHS Markit for about US$44-billion, according to a person familiar with the matter.
Technology and Internet stocks have been among the standout performers in 2020, but the scale of their advance has underlined concerns over valuation.
South African business confidence has jumped to the highest level in more than two years as further easing of lockdown restrictions spurred a resurgence in activity.
South Africa’s headline consumer price inflation quickened to 3.3% year on year in October from 3% in September, data from Statistics South Africa showed on Wednesday.
Elon Musk’s year of dizzying ascents hit a new apex Monday as the Tesla co-founder passed Bill Gates to become the world’s second richest person.
Prosus is on the lookout for acquisitions after the Dutch e-commerce giant reported a 28% rise in first-half earnings and a net cash position of US$4.3-billion.
Naspers has agreed to invest R45-million for a stake in online learning platform The Student Hub, which helps TVET colleges overcome physical infrastructure constraints.
Prosus, the giant investor in online classifieds, food delivery and payments, expects to report a 16.9% to 22.7% growth in earnings per share for the six months to the end of September, it said on Monday.
Investment holding company Kagiso Capital has invested R100-million in Stellenbosch-based Alphawave Group, a specialist technology investment firm.