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2021-09-30

$Tiger Brokers(TIGR)$uppppppp

2021-09-30

$Tiger Brokers(TIGR)$up ! up! up!

2021-09-30

$Tiger Brokers(TIGR)$up!up!up!

2021-09-24

pls like

Remitly Global opens for trading at $53, up about 23% from IPO price<blockquote>Remitly Global开盘价为53美元，较IPO价格上涨约23%</blockquote>

2021-09-24

😊

Remitly Global opens for trading at $53, up about 23% from IPO price<blockquote>Remitly Global开盘价为53美元，较IPO价格上涨约23%</blockquote>

2021-09-16

👍

Busy IPO market this week poised to make 2021 the biggest year ever by proceeds<blockquote>本周繁忙的IPO市场有望使2021年成为有史以来收益最大的一年</blockquote>

2021-09-01

😊

抱歉，原内容已删除

2021-08-31

👌

Affirm Stock Jumps On Amazon "Buy Now, Pay Later" E-Commerce Deal<blockquote>Affirm股价因亚马逊“先买后付”电子商务交易而上涨</blockquote>

2021-08-31

👍

抱歉，原内容已删除

2021-08-31

👍

抱歉，原内容已删除

2021-08-27

👍👍

抱歉，原内容已删除

2021-06-15

我要T和R，谁要I可以互换

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like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/863468537","repostId":"1181941187","repostType":4,"repost":{"id":"1181941187","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1632410993,"share":"https://www.laohu8.com/m/news/1181941187?lang=zh_CN&edition=full","pubTime":"2021-09-23 23:29","market":"us","language":"en","title":"Remitly Global opens for trading at $53, up about 23% from IPO price<blockquote>Remitly Global开盘价为53美元，较IPO价格上涨约23%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1181941187","media":"Tiger Newspress","summary":"(Sept 23) Remitly Global, Inc. opens for trading at $53, up about 23% from IPO price.\nCompany & Tech","content":"<p>(Sept 23)&nbsp;<a href=\"https://laohu8.com/S/RELY\">Remitly Global, Inc.</a> opens for trading at $53, up about 23% from IPO price.</p><p><blockquote>（9月23日）<a href=\"https://laohu8.com/S/RELY\">汇款全球公司。</a>开盘价为53美元，较IPO价格上涨约23%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0e4f9fae02046c2dec20410744605a2c\" tg-width=\"903\" tg-height=\"560\" referrerpolicy=\"no-referrer\">Company &amp; Technology</p><p><blockquote>公司与技术</blockquote></p><p> Seattle, Washington-based Remitly was founded to develop a platform to enable people to send cross-border remittances more easily and at a lower cost than traditional banking service providers.</p><p><blockquote>总部位于华盛顿州西雅图的Remitly成立的目的是开发一个平台，使人们能够比传统银行服务提供商更轻松、成本更低地进行跨境汇款。</blockquote></p><p> Management is headed by co-founder, president and CEO Matthew Oppenheimer, who has been with the firm since inception and was previously employed by Barclays PLC(NYSE:BCS), a multinational bank.</p><p><blockquote>管理层由联合创始人、总裁兼首席执行官马修·奥本海默(Matthew Oppenheimer)领导，他自公司成立以来一直在公司工作，此前曾受雇于跨国银行巴克莱银行(Barclays PLC)(NYSE：BCS)。</blockquote></p><p> The company’s primary offerings include:</p><p><blockquote>该公司的主要产品包括：</blockquote></p><p> <ul>  <li>Mobile app</li>  <li>Website</li>  <li>Passbook KYC and identity verification</li> </ul> RELY's coverage map of send and receive countries is shown below:</p><p><blockquote><ul><li>移动应用程序</li><li>网站</li><li>存折KYC和身份验证</li></ul>RELY的发送和接收国家覆盖地图如下所示：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b7da41517703af76d2ad5767a6f62c3e\" tg-width=\"1280\" tg-height=\"610\" referrerpolicy=\"no-referrer\">Remitly has received at least $390 million in equity investment from investors including PayU Fintech Investments, Strips, Threshold Ventures, Generation IM Sustainable Solutions, and Trilogy Equity Partners.</p><p><blockquote>Remitly已从PayU Fintech Investments、Strips、Threshold Ventures、Generation IM Sustainable Solutions和Trilogy Equity Partners等投资者那里获得了至少3.9亿美元的股权投资。</blockquote></p><p> <b>Customer Acquisition</b></p><p><blockquote><b>客户获取</b></blockquote></p><p> The firm focuses its development efforts on the over 280 million immigrants and their families who seek to send and receive money worldwide.</p><p><blockquote>该公司的发展重点是超过2.8亿寻求在全球范围内汇款和收款的移民及其家人。</blockquote></p><p> 85% of the user base interacts primarily through its mobile application.</p><p><blockquote>85%的用户群主要通过其移动应用程序进行交互。</blockquote></p><p> Marketing expenses as a percentage of total revenue have dropped markedly as revenues have increased, as the figures below indicate:</p><p><blockquote>营销费用佔总收入的百分比随着收入的增加而显著下降，如下图所示：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/02aab34075357a711003ef9c015d8c91\" tg-width=\"613\" tg-height=\"303\" referrerpolicy=\"no-referrer\">The Marketing efficiency rate, defined as how many dollars of additional new revenue are generated by each dollar of Marketing spend, rose slightly to 1.9x in the most recent reporting period, as shown in the table below:</p><p><blockquote>营销效率率（定义为每美元营销支出产生多少美元的额外新收入）在最近的报告期内小幅上升至1.9倍，如下表所示：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/578ef0f05e558e837af9959d96e698ae\" tg-width=\"609\" tg-height=\"241\" referrerpolicy=\"no-referrer\">Market &amp; Competition</p><p><blockquote>市场与竞争</blockquote></p><p> According to a 2020 marketresearch reportby Allied Market Research, the global remittance market was an estimated $683 billion in 2018 and is forecast to reach $930 billion by 2026.</p><p><blockquote>根据Allied Market Research的2020年市场研究报告，2018年全球汇款市场估计为6830亿美元，预计到2026年将达到9300亿美元。</blockquote></p><p> This represents a forecast CAGR of 3.9% from 2019 to 2026.</p><p><blockquote>这意味着2019年至2026年的预测复合年增长率为3.9%。</blockquote></p><p> The main drivers for this expected growth are an increase in population migration and growth in business remittances and more businesses producing goods and services for export.</p><p><blockquote>这一预期增长的主要驱动力是人口迁移的增加、企业汇款的增长以及更多企业生产出口商品和服务。</blockquote></p><p> Also, the chart below indicates that the bank segment will continue to dominate the global remittance market, at least through 2026:</p><p><blockquote>此外，下图表明，至少到2026年，银行部门将继续主导全球汇款市场：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ac62350b35b880b02943827b083ac10f\" tg-width=\"1280\" tg-height=\"778\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> (Source)</p><p><blockquote>（资料来源）</blockquote></p><p> Major competitive or other industry participants by type include:</p><p><blockquote>按类型划分的主要竞争或其他行业参与者包括：</blockquote></p><p> <ul>  <li>Traditional providers and banks</li>  <li>Digital-first cross-border providers</li>  <li>Cryptocurrency systems</li>  <li>Person-to-person informal channels</li> </ul> <b>Financial Performance</b></p><p><blockquote><ul><li>传统提供商和银行</li><li>数字优先的跨境提供商</li><li>加密货币系统</li><li>个人对个人的非正式渠道</li></ul><b>财务表现</b></blockquote></p><p> Remitly’s recent financial results can be summarized as follows:</p><p><blockquote>Remitly最近的财务业绩可以总结如下：</blockquote></p><p> <ul>  <li>Sharply growing top line revenue</li>  <li>Increasing gross profit</li>  <li>Variable gross margin within a tight range</li>  <li>Reduced operating losses and negative operating margin</li>  <li>A sharp swing to positive cash flow from operations</li> </ul> Below are relevant financial results derived from the firm’s registration statement:</p><p><blockquote><ul><li>营收急剧增长</li><li>增加毛利</li><li>毛利率在狭窄范围内波动</li><li>营业亏损减少，营业利润率为负</li><li>运营现金流急剧转为正</li></ul>以下是来自公司注册声明的相关财务业绩：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/aa0ce70faef1b56c76c0740d90699667\" tg-width=\"609\" tg-height=\"618\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/fbe99db82b3de0dae05dd04c280ae89b\" tg-width=\"612\" tg-height=\"626\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5afee2a5147ec95f52a2d9c6c70566c0\" tg-width=\"614\" tg-height=\"615\" referrerpolicy=\"no-referrer\">As of June 30, 2021, Remitly had $173 million in cash and $134 million in total liabilities.</p><p><blockquote>截至2021年6月30日，Remitly拥有1.73亿美元现金和1.34亿美元总负债。</blockquote></p><p> Free cash flow during the twelve months ended June 30, 2021, was negative ($10.6 million).</p><p><blockquote>截至2021年6月30日的12个月内，自由现金流为负（1060万美元）。</blockquote></p><p> <b>IPO Details</b></p><p><blockquote><b>IPO详情</b></blockquote></p><p> RELY intends to sell 12.2 million shares of common stock at a proposed midpoint price of $40.00 per share for gross proceeds of approximately $487 million, not including the sale of customary underwriter options.</p><p><blockquote>RELY打算以每股40.00美元的拟议中中间价出售1220万股普通股，总收益约为4.87亿美元，不包括出售惯常承销商期权。</blockquote></p><p> Existing shareholder PayU Fintech has agreed to purchase shares of up to $25.0 million in a concurrent private placement at the IPO price.</p><p><blockquote>现有股东PayU Fintech已同意以IPO价格同时私募购买最多2500万美元的股票。</blockquote></p><p> Assuming a successful IPO at the midpoint of the proposed price range, the company’s enterprise value at IPO (ex-underwriter options) would approximate $6.0 billion.</p><p><blockquote>假设在拟议价格范围的中点成功IPO，该公司IPO时的企业价值（前承销商期权）将约为60亿美元。</blockquote></p><p></p><p> Excluding effects of underwriter options and private placement shares or restricted stock, if any, the float to outstanding shares ratio will be approximately 7.53%. A figure under 10% is generally considered a ‘low float’ stock which can be subject to significant price volatility.</p><p><blockquote>排除承销商期权和私募股份或限制性股票（如有）的影响，流通股与流通股比率约为7.53%。低于10%的数字通常被认为是“低流通量”股票，可能会受到价格大幅波动的影响。</blockquote></p><p> Per the firm’s most recent regulatory filing, it plans to use the net proceeds as follows:</p><p><blockquote>根据该公司最新的监管文件，它计划使用净收益如下：</blockquote></p><p>   We currently intend to use the net proceeds we receive from this offering and the private placement for working capital and other general corporate purposes, which may include marketing, technology and product development, geographic or product expansions, general and administrative matters, and capital expenditures. We may also use a portion of the net proceeds for the acquisition of, or investment in, technologies, solutions, or businesses that complement our business. However, we do not have agreements or commitments for any acquisitions or investments outside the ordinary course of business at this time.    (Source)  Management’s presentation of the company roadshow isavailable here.</p><p><blockquote>我们目前打算将本次发行和私募获得的净收益用于营运资金和其他一般公司用途，其中可能包括营销、技术和产品开发、地理或产品扩张、一般和行政事务以及资本支出。我们还可能将部分净收益用于收购或投资补充我们业务的技术、解决方案或业务。然而，我们目前没有任何正常业务过程之外的收购或投资的协议或承诺。（来源）管理层对公司路演的介绍可在此处获得。</blockquote></p><p> Regarding outstanding legal proceedings, management said the firm is not party to any legal or regulatory proceedings that would be material to its operations or financial condition.</p><p><blockquote>关于未决法律诉讼，管理层表示，该公司不参与任何对其运营或财务状况有重大影响的法律或监管诉讼。</blockquote></p><p> Listed bookrunners of the IPO are Goldman Sachs, J.P. Morgan, and other investment banks.</p><p><blockquote>此次IPO的上市账簿管理人包括高盛、摩根大通和其他投资银行。</blockquote></p><p> <b>Valuation Metrics</b></p><p><blockquote><b>估值指标</b></blockquote></p><p> Below is a table of the firm’s relevant capitalization and valuation metrics at IPO, excluding the effects of underwriter options:</p><p><blockquote>下表列出了该公司IPO时的相关资本化和估值指标，不包括承销商期权的影响：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/2c705850107b99d30d618d9c817fe019\" tg-width=\"610\" tg-height=\"709\" referrerpolicy=\"no-referrer\">As a reference, a potential partial public comparable would be PayPal (PYPL); shown below is a comparison of their primary valuation metrics:</p><p><blockquote>作为参考，潜在的部分上市可比公司是PayPal（PYPL）；下图是其主要估值指标的比较：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/04c287d0fe2fe1b0b983b6cb07ad4b59\" tg-width=\"611\" tg-height=\"359\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>Commentary</b></p><p><blockquote><b>评论</b></blockquote></p><p> RELY is seeking to go public in the U.S. to provide capital for its corporate expansion plans.</p><p><blockquote>RELY正在寻求在美国上市，为其企业扩张计划提供资金。</blockquote></p><p> The firm’s financials show strong top line revenue growth, reduced operating losses, and lowered negative operating margin and growing cash flow from operations.</p><p><blockquote>该公司的财务数据显示，营收增长强劲，运营亏损减少，负运营利润率降低，运营现金流不断增长。</blockquote></p><p> Free cash flow for the twelve months ended June 30, 2021, was negative ($10.6 million).</p><p><blockquote>截至2021年6月30日的12个月的自由现金流为负（1060万美元）。</blockquote></p><p> Marketing expenses as a percentage of total revenue have dropped as revenue has increased and its Marketing efficiency rate grew to 1.9x in the most recent report period.</p><p><blockquote>随着收入的增加，营销费用占总收入的百分比有所下降，其营销效率在最近的报告期内增长至1.9倍。</blockquote></p><p> The market opportunity for providing cross-border remittance services is very large and expected to grow as immigration continues to rise and businesses produce more goods for export.</p><p><blockquote>提供跨境汇款服务的市场机会非常大，预计随着移民持续增加和企业生产更多出口商品，市场机会还会增长。</blockquote></p><p> Goldman Sachs is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 39.5% since their IPO. This is a mid-tier performance for all major underwriters during the period.</p><p><blockquote>高盛是首席承销商，该公司在过去12个月内牵头的IPO自IPO以来的平均回报率为39.5%。这是期内所有主要承销商的中等表现。</blockquote></p><p> The primary risk to the company’s outlook is increased competition from cryptocurrency networks, although these networks have their own adoption hurdles and are still nascent.</p><p><blockquote>该公司前景的主要风险是来自加密货币网络的竞争加剧，尽管这些网络有自己的采用障碍，并且仍处于萌芽阶段。</blockquote></p><p> As for valuation, compared to PayPal, the firm’s revenue multiple expectation is higher, but RELY is also growing top line revenue at a much higher rate, although on a lower revenue base than PayPal.</p><p><blockquote>至于估值，与PayPal相比，该公司的收入倍数预期更高，但RELY的营收增长速度也高得多，尽管收入基础低于PayPal。</blockquote></p><p> RELY is clearly a fast-growing company that is approaching operating breakeven. However, the firm faces competition from fast-growing cryptocurrency networks which are making inroads into the traditional payment rails by companies such as Remitly.</p><p><blockquote>RELY显然是一家快速增长的公司，正在接近运营盈亏平衡。然而，该公司面临着来自快速增长的加密货币网络的竞争，Remitly等公司正在进军传统支付领域。</blockquote></p><p> I’m impressed by the firm’s growth but concerned as to whether that growth can continue at its present rate.</p><p><blockquote>我对公司的增长印象深刻，但担心这种增长是否能以目前的速度持续下去。</blockquote></p><p> RELY is probably a fine investment opportunity, but I'll watch the IPO from the sidelines.</p><p><blockquote>RELY可能是一个很好的投资机会，但我会袖手旁观IPO。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Remitly Global opens for trading at $53, up about 23% from IPO price<blockquote>Remitly Global开盘价为53美元，较IPO价格上涨约23%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRemitly Global opens for trading at $53, up about 23% from IPO price<blockquote>Remitly Global开盘价为53美元，较IPO价格上涨约23%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-09-23 23:29</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(Sept 23)&nbsp;<a href=\"https://laohu8.com/S/RELY\">Remitly Global, Inc.</a> opens for trading at $53, up about 23% from IPO price.</p><p><blockquote>（9月23日）<a href=\"https://laohu8.com/S/RELY\">汇款全球公司。</a>开盘价为53美元，较IPO价格上涨约23%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0e4f9fae02046c2dec20410744605a2c\" tg-width=\"903\" tg-height=\"560\" referrerpolicy=\"no-referrer\">Company &amp; Technology</p><p><blockquote>公司与技术</blockquote></p><p> Seattle, Washington-based Remitly was founded to develop a platform to enable people to send cross-border remittances more easily and at a lower cost than traditional banking service providers.</p><p><blockquote>总部位于华盛顿州西雅图的Remitly成立的目的是开发一个平台，使人们能够比传统银行服务提供商更轻松、成本更低地进行跨境汇款。</blockquote></p><p> Management is headed by co-founder, president and CEO Matthew Oppenheimer, who has been with the firm since inception and was previously employed by Barclays PLC(NYSE:BCS), a multinational bank.</p><p><blockquote>管理层由联合创始人、总裁兼首席执行官马修·奥本海默(Matthew Oppenheimer)领导，他自公司成立以来一直在公司工作，此前曾受雇于跨国银行巴克莱银行(Barclays PLC)(NYSE：BCS)。</blockquote></p><p> The company’s primary offerings include:</p><p><blockquote>该公司的主要产品包括：</blockquote></p><p> <ul>  <li>Mobile app</li>  <li>Website</li>  <li>Passbook KYC and identity verification</li> </ul> RELY's coverage map of send and receive countries is shown below:</p><p><blockquote><ul><li>移动应用程序</li><li>网站</li><li>存折KYC和身份验证</li></ul>RELY的发送和接收国家覆盖地图如下所示：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b7da41517703af76d2ad5767a6f62c3e\" tg-width=\"1280\" tg-height=\"610\" referrerpolicy=\"no-referrer\">Remitly has received at least $390 million in equity investment from investors including PayU Fintech Investments, Strips, Threshold Ventures, Generation IM Sustainable Solutions, and Trilogy Equity Partners.</p><p><blockquote>Remitly已从PayU Fintech Investments、Strips、Threshold Ventures、Generation IM Sustainable Solutions和Trilogy Equity Partners等投资者那里获得了至少3.9亿美元的股权投资。</blockquote></p><p> <b>Customer Acquisition</b></p><p><blockquote><b>客户获取</b></blockquote></p><p> The firm focuses its development efforts on the over 280 million immigrants and their families who seek to send and receive money worldwide.</p><p><blockquote>该公司的发展重点是超过2.8亿寻求在全球范围内汇款和收款的移民及其家人。</blockquote></p><p> 85% of the user base interacts primarily through its mobile application.</p><p><blockquote>85%的用户群主要通过其移动应用程序进行交互。</blockquote></p><p> Marketing expenses as a percentage of total revenue have dropped markedly as revenues have increased, as the figures below indicate:</p><p><blockquote>营销费用佔总收入的百分比随着收入的增加而显著下降，如下图所示：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/02aab34075357a711003ef9c015d8c91\" tg-width=\"613\" tg-height=\"303\" referrerpolicy=\"no-referrer\">The Marketing efficiency rate, defined as how many dollars of additional new revenue are generated by each dollar of Marketing spend, rose slightly to 1.9x in the most recent reporting period, as shown in the table below:</p><p><blockquote>营销效率率（定义为每美元营销支出产生多少美元的额外新收入）在最近的报告期内小幅上升至1.9倍，如下表所示：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/578ef0f05e558e837af9959d96e698ae\" tg-width=\"609\" tg-height=\"241\" referrerpolicy=\"no-referrer\">Market &amp; Competition</p><p><blockquote>市场与竞争</blockquote></p><p> According to a 2020 marketresearch reportby Allied Market Research, the global remittance market was an estimated $683 billion in 2018 and is forecast to reach $930 billion by 2026.</p><p><blockquote>根据Allied Market Research的2020年市场研究报告，2018年全球汇款市场估计为6830亿美元，预计到2026年将达到9300亿美元。</blockquote></p><p> This represents a forecast CAGR of 3.9% from 2019 to 2026.</p><p><blockquote>这意味着2019年至2026年的预测复合年增长率为3.9%。</blockquote></p><p> The main drivers for this expected growth are an increase in population migration and growth in business remittances and more businesses producing goods and services for export.</p><p><blockquote>这一预期增长的主要驱动力是人口迁移的增加、企业汇款的增长以及更多企业生产出口商品和服务。</blockquote></p><p> Also, the chart below indicates that the bank segment will continue to dominate the global remittance market, at least through 2026:</p><p><blockquote>此外，下图表明，至少到2026年，银行部门将继续主导全球汇款市场：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ac62350b35b880b02943827b083ac10f\" tg-width=\"1280\" tg-height=\"778\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> (Source)</p><p><blockquote>（资料来源）</blockquote></p><p> Major competitive or other industry participants by type include:</p><p><blockquote>按类型划分的主要竞争或其他行业参与者包括：</blockquote></p><p> <ul>  <li>Traditional providers and banks</li>  <li>Digital-first cross-border providers</li>  <li>Cryptocurrency systems</li>  <li>Person-to-person informal channels</li> </ul> <b>Financial Performance</b></p><p><blockquote><ul><li>传统提供商和银行</li><li>数字优先的跨境提供商</li><li>加密货币系统</li><li>个人对个人的非正式渠道</li></ul><b>财务表现</b></blockquote></p><p> Remitly’s recent financial results can be summarized as follows:</p><p><blockquote>Remitly最近的财务业绩可以总结如下：</blockquote></p><p> <ul>  <li>Sharply growing top line revenue</li>  <li>Increasing gross profit</li>  <li>Variable gross margin within a tight range</li>  <li>Reduced operating losses and negative operating margin</li>  <li>A sharp swing to positive cash flow from operations</li> </ul> Below are relevant financial results derived from the firm’s registration statement:</p><p><blockquote><ul><li>营收急剧增长</li><li>增加毛利</li><li>毛利率在狭窄范围内波动</li><li>营业亏损减少，营业利润率为负</li><li>运营现金流急剧转为正</li></ul>以下是来自公司注册声明的相关财务业绩：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/aa0ce70faef1b56c76c0740d90699667\" tg-width=\"609\" tg-height=\"618\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/fbe99db82b3de0dae05dd04c280ae89b\" tg-width=\"612\" tg-height=\"626\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5afee2a5147ec95f52a2d9c6c70566c0\" tg-width=\"614\" tg-height=\"615\" referrerpolicy=\"no-referrer\">As of June 30, 2021, Remitly had $173 million in cash and $134 million in total liabilities.</p><p><blockquote>截至2021年6月30日，Remitly拥有1.73亿美元现金和1.34亿美元总负债。</blockquote></p><p> Free cash flow during the twelve months ended June 30, 2021, was negative ($10.6 million).</p><p><blockquote>截至2021年6月30日的12个月内，自由现金流为负（1060万美元）。</blockquote></p><p> <b>IPO Details</b></p><p><blockquote><b>IPO详情</b></blockquote></p><p> RELY intends to sell 12.2 million shares of common stock at a proposed midpoint price of $40.00 per share for gross proceeds of approximately $487 million, not including the sale of customary underwriter options.</p><p><blockquote>RELY打算以每股40.00美元的拟议中中间价出售1220万股普通股，总收益约为4.87亿美元，不包括出售惯常承销商期权。</blockquote></p><p> Existing shareholder PayU Fintech has agreed to purchase shares of up to $25.0 million in a concurrent private placement at the IPO price.</p><p><blockquote>现有股东PayU Fintech已同意以IPO价格同时私募购买最多2500万美元的股票。</blockquote></p><p> Assuming a successful IPO at the midpoint of the proposed price range, the company’s enterprise value at IPO (ex-underwriter options) would approximate $6.0 billion.</p><p><blockquote>假设在拟议价格范围的中点成功IPO，该公司IPO时的企业价值（前承销商期权）将约为60亿美元。</blockquote></p><p></p><p> Excluding effects of underwriter options and private placement shares or restricted stock, if any, the float to outstanding shares ratio will be approximately 7.53%. A figure under 10% is generally considered a ‘low float’ stock which can be subject to significant price volatility.</p><p><blockquote>排除承销商期权和私募股份或限制性股票（如有）的影响，流通股与流通股比率约为7.53%。低于10%的数字通常被认为是“低流通量”股票，可能会受到价格大幅波动的影响。</blockquote></p><p> Per the firm’s most recent regulatory filing, it plans to use the net proceeds as follows:</p><p><blockquote>根据该公司最新的监管文件，它计划使用净收益如下：</blockquote></p><p>   We currently intend to use the net proceeds we receive from this offering and the private placement for working capital and other general corporate purposes, which may include marketing, technology and product development, geographic or product expansions, general and administrative matters, and capital expenditures. We may also use a portion of the net proceeds for the acquisition of, or investment in, technologies, solutions, or businesses that complement our business. However, we do not have agreements or commitments for any acquisitions or investments outside the ordinary course of business at this time.    (Source)  Management’s presentation of the company roadshow isavailable here.</p><p><blockquote>我们目前打算将本次发行和私募获得的净收益用于营运资金和其他一般公司用途，其中可能包括营销、技术和产品开发、地理或产品扩张、一般和行政事务以及资本支出。我们还可能将部分净收益用于收购或投资补充我们业务的技术、解决方案或业务。然而，我们目前没有任何正常业务过程之外的收购或投资的协议或承诺。（来源）管理层对公司路演的介绍可在此处获得。</blockquote></p><p> Regarding outstanding legal proceedings, management said the firm is not party to any legal or regulatory proceedings that would be material to its operations or financial condition.</p><p><blockquote>关于未决法律诉讼，管理层表示，该公司不参与任何对其运营或财务状况有重大影响的法律或监管诉讼。</blockquote></p><p> Listed bookrunners of the IPO are Goldman Sachs, J.P. Morgan, and other investment banks.</p><p><blockquote>此次IPO的上市账簿管理人包括高盛、摩根大通和其他投资银行。</blockquote></p><p> <b>Valuation Metrics</b></p><p><blockquote><b>估值指标</b></blockquote></p><p> Below is a table of the firm’s relevant capitalization and valuation metrics at IPO, excluding the effects of underwriter options:</p><p><blockquote>下表列出了该公司IPO时的相关资本化和估值指标，不包括承销商期权的影响：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/2c705850107b99d30d618d9c817fe019\" tg-width=\"610\" tg-height=\"709\" referrerpolicy=\"no-referrer\">As a reference, a potential partial public comparable would be PayPal (PYPL); shown below is a comparison of their primary valuation metrics:</p><p><blockquote>作为参考，潜在的部分上市可比公司是PayPal（PYPL）；下图是其主要估值指标的比较：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/04c287d0fe2fe1b0b983b6cb07ad4b59\" tg-width=\"611\" tg-height=\"359\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>Commentary</b></p><p><blockquote><b>评论</b></blockquote></p><p> RELY is seeking to go public in the U.S. to provide capital for its corporate expansion plans.</p><p><blockquote>RELY正在寻求在美国上市，为其企业扩张计划提供资金。</blockquote></p><p> The firm’s financials show strong top line revenue growth, reduced operating losses, and lowered negative operating margin and growing cash flow from operations.</p><p><blockquote>该公司的财务数据显示，营收增长强劲，运营亏损减少，负运营利润率降低，运营现金流不断增长。</blockquote></p><p> Free cash flow for the twelve months ended June 30, 2021, was negative ($10.6 million).</p><p><blockquote>截至2021年6月30日的12个月的自由现金流为负（1060万美元）。</blockquote></p><p> Marketing expenses as a percentage of total revenue have dropped as revenue has increased and its Marketing efficiency rate grew to 1.9x in the most recent report period.</p><p><blockquote>随着收入的增加，营销费用占总收入的百分比有所下降，其营销效率在最近的报告期内增长至1.9倍。</blockquote></p><p> The market opportunity for providing cross-border remittance services is very large and expected to grow as immigration continues to rise and businesses produce more goods for export.</p><p><blockquote>提供跨境汇款服务的市场机会非常大，预计随着移民持续增加和企业生产更多出口商品，市场机会还会增长。</blockquote></p><p> Goldman Sachs is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 39.5% since their IPO. This is a mid-tier performance for all major underwriters during the period.</p><p><blockquote>高盛是首席承销商，该公司在过去12个月内牵头的IPO自IPO以来的平均回报率为39.5%。这是期内所有主要承销商的中等表现。</blockquote></p><p> The primary risk to the company’s outlook is increased competition from cryptocurrency networks, although these networks have their own adoption hurdles and are still nascent.</p><p><blockquote>该公司前景的主要风险是来自加密货币网络的竞争加剧，尽管这些网络有自己的采用障碍，并且仍处于萌芽阶段。</blockquote></p><p> As for valuation, compared to PayPal, the firm’s revenue multiple expectation is higher, but RELY is also growing top line revenue at a much higher rate, although on a lower revenue base than PayPal.</p><p><blockquote>至于估值，与PayPal相比，该公司的收入倍数预期更高，但RELY的营收增长速度也高得多，尽管收入基础低于PayPal。</blockquote></p><p> RELY is clearly a fast-growing company that is approaching operating breakeven. However, the firm faces competition from fast-growing cryptocurrency networks which are making inroads into the traditional payment rails by companies such as Remitly.</p><p><blockquote>RELY显然是一家快速增长的公司，正在接近运营盈亏平衡。然而，该公司面临着来自快速增长的加密货币网络的竞争，Remitly等公司正在进军传统支付领域。</blockquote></p><p> I’m impressed by the firm’s growth but concerned as to whether that growth can continue at its present rate.</p><p><blockquote>我对公司的增长印象深刻，但担心这种增长是否能以目前的速度持续下去。</blockquote></p><p> RELY is probably a fine investment opportunity, but I'll watch the IPO from the sidelines.</p><p><blockquote>RELY可能是一个很好的投资机会，但我会袖手旁观IPO。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RELY":"Remitly Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181941187","content_text":"(Sept 23) Remitly Global, Inc. opens for trading at $53, up about 23% from IPO price.\nCompany & Technology\nSeattle, Washington-based Remitly was founded to develop a platform to enable people to send cross-border remittances more easily and at a lower cost than traditional banking service providers.\nManagement is headed by co-founder, president and CEO Matthew Oppenheimer, who has been with the firm since inception and was previously employed by Barclays PLC(NYSE:BCS), a multinational bank.\nThe company’s primary offerings include:\n\nMobile app\nWebsite\nPassbook KYC and identity verification\n\nRELY's coverage map of send and receive countries is shown below:\nRemitly has received at least $390 million in equity investment from investors including PayU Fintech Investments, Strips, Threshold Ventures, Generation IM Sustainable Solutions, and Trilogy Equity Partners.\nCustomer Acquisition\nThe firm focuses its development efforts on the over 280 million immigrants and their families who seek to send and receive money worldwide.\n85% of the user base interacts primarily through its mobile application.\nMarketing expenses as a percentage of total revenue have dropped markedly as revenues have increased, as the figures below indicate:\nThe Marketing efficiency rate, defined as how many dollars of additional new revenue are generated by each dollar of Marketing spend, rose slightly to 1.9x in the most recent reporting period, as shown in the table below:\nMarket & Competition\nAccording to a 2020 marketresearch reportby Allied Market Research, the global remittance market was an estimated $683 billion in 2018 and is forecast to reach $930 billion by 2026.\nThis represents a forecast CAGR of 3.9% from 2019 to 2026.\nThe main drivers for this expected growth are an increase in population migration and growth in business remittances and more businesses producing goods and services for export.\nAlso, the chart below indicates that the bank segment will continue to dominate the global remittance market, at least through 2026:\n\n(Source)\nMajor competitive or other industry participants by type include:\n\nTraditional providers and banks\nDigital-first cross-border providers\nCryptocurrency systems\nPerson-to-person informal channels\n\nFinancial Performance\nRemitly’s recent financial results can be summarized as follows:\n\nSharply growing top line revenue\nIncreasing gross profit\nVariable gross margin within a tight range\nReduced operating losses and negative operating margin\nA sharp swing to positive cash flow from operations\n\nBelow are relevant financial results derived from the firm’s registration statement:\nAs of June 30, 2021, Remitly had $173 million in cash and $134 million in total liabilities.\nFree cash flow during the twelve months ended June 30, 2021, was negative ($10.6 million).\nIPO Details\nRELY intends to sell 12.2 million shares of common stock at a proposed midpoint price of $40.00 per share for gross proceeds of approximately $487 million, not including the sale of customary underwriter options.\nExisting shareholder PayU Fintech has agreed to purchase shares of up to $25.0 million in a concurrent private placement at the IPO price.\nAssuming a successful IPO at the midpoint of the proposed price range, the company’s enterprise value at IPO (ex-underwriter options) would approximate $6.0 billion.\nExcluding effects of underwriter options and private placement shares or restricted stock, if any, the float to outstanding shares ratio will be approximately 7.53%. A figure under 10% is generally considered a ‘low float’ stock which can be subject to significant price volatility.\nPer the firm’s most recent regulatory filing, it plans to use the net proceeds as follows:\n\n We currently intend to use the net proceeds we receive from this offering and the private placement for working capital and other general corporate purposes, which may include marketing, technology and product development, geographic or product expansions, general and administrative matters, and capital expenditures. We may also use a portion of the net proceeds for the acquisition of, or investment in, technologies, solutions, or businesses that complement our business. However, we do not have agreements or commitments for any acquisitions or investments outside the ordinary course of business at this time.\n\n\n (Source)\n\nManagement’s presentation of the company roadshow isavailable here.\nRegarding outstanding legal proceedings, management said the firm is not party to any legal or regulatory proceedings that would be material to its operations or financial condition.\nListed bookrunners of the IPO are Goldman Sachs, J.P. Morgan, and other investment banks.\nValuation Metrics\nBelow is a table of the firm’s relevant capitalization and valuation metrics at IPO, excluding the effects of underwriter options:\nAs a reference, a potential partial public comparable would be PayPal (PYPL); shown below is a comparison of their primary valuation metrics:\n\nCommentary\nRELY is seeking to go public in the U.S. to provide capital for its corporate expansion plans.\nThe firm’s financials show strong top line revenue growth, reduced operating losses, and lowered negative operating margin and growing cash flow from operations.\nFree cash flow for the twelve months ended June 30, 2021, was negative ($10.6 million).\nMarketing expenses as a percentage of total revenue have dropped as revenue has increased and its Marketing efficiency rate grew to 1.9x in the most recent report period.\nThe market opportunity for providing cross-border remittance services is very large and expected to grow as immigration continues to rise and businesses produce more goods for export.\nGoldman Sachs is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 39.5% since their IPO. This is a mid-tier performance for all major underwriters during the period.\nThe primary risk to the company’s outlook is increased competition from cryptocurrency networks, although these networks have their own adoption hurdles and are still nascent.\nAs for valuation, compared to PayPal, the firm’s revenue multiple expectation is higher, but RELY is also growing top line revenue at a much higher rate, although on a lower revenue base than PayPal.\nRELY is clearly a fast-growing company that is approaching operating breakeven. However, the firm faces competition from fast-growing cryptocurrency networks which are making inroads into the traditional payment rails by companies such as Remitly.\nI’m impressed by the firm’s growth but concerned as to whether that growth can continue at its present rate.\nRELY is probably a fine investment opportunity, but I'll watch the IPO from the sidelines.","news_type":1,"symbols_score_info":{"RELY":0.9}},"isVote":1,"tweetType":1,"viewCount":2337,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":863468261,"gmtCreate":1632412986353,"gmtModify":1632729664030,"author":{"id":"3567477691365105","authorId":"3567477691365105","name":"Chiengcoco","avatar":"https://static.tigerbbs.com/57e1b744feb6b9e682c6d1bb7faeb020","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567477691365105","idStr":"3567477691365105"},"themes":[],"htmlText":"😊","listText":"😊","text":"😊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/863468261","repostId":"1181941187","repostType":4,"repost":{"id":"1181941187","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1632410993,"share":"https://www.laohu8.com/m/news/1181941187?lang=zh_CN&edition=full","pubTime":"2021-09-23 23:29","market":"us","language":"en","title":"Remitly Global opens for trading at $53, up about 23% from IPO price<blockquote>Remitly Global开盘价为53美元，较IPO价格上涨约23%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1181941187","media":"Tiger Newspress","summary":"(Sept 23) Remitly Global, Inc. opens for trading at $53, up about 23% from IPO price.\nCompany & Tech","content":"<p>(Sept 23)&nbsp;<a href=\"https://laohu8.com/S/RELY\">Remitly Global, Inc.</a> opens for trading at $53, up about 23% from IPO price.</p><p><blockquote>（9月23日）<a href=\"https://laohu8.com/S/RELY\">汇款全球公司。</a>开盘价为53美元，较IPO价格上涨约23%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0e4f9fae02046c2dec20410744605a2c\" tg-width=\"903\" tg-height=\"560\" referrerpolicy=\"no-referrer\">Company &amp; Technology</p><p><blockquote>公司与技术</blockquote></p><p> Seattle, Washington-based Remitly was founded to develop a platform to enable people to send cross-border remittances more easily and at a lower cost than traditional banking service providers.</p><p><blockquote>总部位于华盛顿州西雅图的Remitly成立的目的是开发一个平台，使人们能够比传统银行服务提供商更轻松、成本更低地进行跨境汇款。</blockquote></p><p> Management is headed by co-founder, president and CEO Matthew Oppenheimer, who has been with the firm since inception and was previously employed by Barclays PLC(NYSE:BCS), a multinational bank.</p><p><blockquote>管理层由联合创始人、总裁兼首席执行官马修·奥本海默(Matthew Oppenheimer)领导，他自公司成立以来一直在公司工作，此前曾受雇于跨国银行巴克莱银行(Barclays PLC)(NYSE：BCS)。</blockquote></p><p> The company’s primary offerings include:</p><p><blockquote>该公司的主要产品包括：</blockquote></p><p> <ul>  <li>Mobile app</li>  <li>Website</li>  <li>Passbook KYC and identity verification</li> </ul> RELY's coverage map of send and receive countries is shown below:</p><p><blockquote><ul><li>移动应用程序</li><li>网站</li><li>存折KYC和身份验证</li></ul>RELY的发送和接收国家覆盖地图如下所示：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b7da41517703af76d2ad5767a6f62c3e\" tg-width=\"1280\" tg-height=\"610\" referrerpolicy=\"no-referrer\">Remitly has received at least $390 million in equity investment from investors including PayU Fintech Investments, Strips, Threshold Ventures, Generation IM Sustainable Solutions, and Trilogy Equity Partners.</p><p><blockquote>Remitly已从PayU Fintech Investments、Strips、Threshold Ventures、Generation IM Sustainable Solutions和Trilogy Equity Partners等投资者那里获得了至少3.9亿美元的股权投资。</blockquote></p><p> <b>Customer Acquisition</b></p><p><blockquote><b>客户获取</b></blockquote></p><p> The firm focuses its development efforts on the over 280 million immigrants and their families who seek to send and receive money worldwide.</p><p><blockquote>该公司的发展重点是超过2.8亿寻求在全球范围内汇款和收款的移民及其家人。</blockquote></p><p> 85% of the user base interacts primarily through its mobile application.</p><p><blockquote>85%的用户群主要通过其移动应用程序进行交互。</blockquote></p><p> Marketing expenses as a percentage of total revenue have dropped markedly as revenues have increased, as the figures below indicate:</p><p><blockquote>营销费用佔总收入的百分比随着收入的增加而显著下降，如下图所示：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/02aab34075357a711003ef9c015d8c91\" tg-width=\"613\" tg-height=\"303\" referrerpolicy=\"no-referrer\">The Marketing efficiency rate, defined as how many dollars of additional new revenue are generated by each dollar of Marketing spend, rose slightly to 1.9x in the most recent reporting period, as shown in the table below:</p><p><blockquote>营销效率率（定义为每美元营销支出产生多少美元的额外新收入）在最近的报告期内小幅上升至1.9倍，如下表所示：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/578ef0f05e558e837af9959d96e698ae\" tg-width=\"609\" tg-height=\"241\" referrerpolicy=\"no-referrer\">Market &amp; Competition</p><p><blockquote>市场与竞争</blockquote></p><p> According to a 2020 marketresearch reportby Allied Market Research, the global remittance market was an estimated $683 billion in 2018 and is forecast to reach $930 billion by 2026.</p><p><blockquote>根据Allied Market Research的2020年市场研究报告，2018年全球汇款市场估计为6830亿美元，预计到2026年将达到9300亿美元。</blockquote></p><p> This represents a forecast CAGR of 3.9% from 2019 to 2026.</p><p><blockquote>这意味着2019年至2026年的预测复合年增长率为3.9%。</blockquote></p><p> The main drivers for this expected growth are an increase in population migration and growth in business remittances and more businesses producing goods and services for export.</p><p><blockquote>这一预期增长的主要驱动力是人口迁移的增加、企业汇款的增长以及更多企业生产出口商品和服务。</blockquote></p><p> Also, the chart below indicates that the bank segment will continue to dominate the global remittance market, at least through 2026:</p><p><blockquote>此外，下图表明，至少到2026年，银行部门将继续主导全球汇款市场：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ac62350b35b880b02943827b083ac10f\" tg-width=\"1280\" tg-height=\"778\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> (Source)</p><p><blockquote>（资料来源）</blockquote></p><p> Major competitive or other industry participants by type include:</p><p><blockquote>按类型划分的主要竞争或其他行业参与者包括：</blockquote></p><p> <ul>  <li>Traditional providers and banks</li>  <li>Digital-first cross-border providers</li>  <li>Cryptocurrency systems</li>  <li>Person-to-person informal channels</li> </ul> <b>Financial Performance</b></p><p><blockquote><ul><li>传统提供商和银行</li><li>数字优先的跨境提供商</li><li>加密货币系统</li><li>个人对个人的非正式渠道</li></ul><b>财务表现</b></blockquote></p><p> Remitly’s recent financial results can be summarized as follows:</p><p><blockquote>Remitly最近的财务业绩可以总结如下：</blockquote></p><p> <ul>  <li>Sharply growing top line revenue</li>  <li>Increasing gross profit</li>  <li>Variable gross margin within a tight range</li>  <li>Reduced operating losses and negative operating margin</li>  <li>A sharp swing to positive cash flow from operations</li> </ul> Below are relevant financial results derived from the firm’s registration statement:</p><p><blockquote><ul><li>营收急剧增长</li><li>增加毛利</li><li>毛利率在狭窄范围内波动</li><li>营业亏损减少，营业利润率为负</li><li>运营现金流急剧转为正</li></ul>以下是来自公司注册声明的相关财务业绩：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/aa0ce70faef1b56c76c0740d90699667\" tg-width=\"609\" tg-height=\"618\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/fbe99db82b3de0dae05dd04c280ae89b\" tg-width=\"612\" tg-height=\"626\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5afee2a5147ec95f52a2d9c6c70566c0\" tg-width=\"614\" tg-height=\"615\" referrerpolicy=\"no-referrer\">As of June 30, 2021, Remitly had $173 million in cash and $134 million in total liabilities.</p><p><blockquote>截至2021年6月30日，Remitly拥有1.73亿美元现金和1.34亿美元总负债。</blockquote></p><p> Free cash flow during the twelve months ended June 30, 2021, was negative ($10.6 million).</p><p><blockquote>截至2021年6月30日的12个月内，自由现金流为负（1060万美元）。</blockquote></p><p> <b>IPO Details</b></p><p><blockquote><b>IPO详情</b></blockquote></p><p> RELY intends to sell 12.2 million shares of common stock at a proposed midpoint price of $40.00 per share for gross proceeds of approximately $487 million, not including the sale of customary underwriter options.</p><p><blockquote>RELY打算以每股40.00美元的拟议中中间价出售1220万股普通股，总收益约为4.87亿美元，不包括出售惯常承销商期权。</blockquote></p><p> Existing shareholder PayU Fintech has agreed to purchase shares of up to $25.0 million in a concurrent private placement at the IPO price.</p><p><blockquote>现有股东PayU Fintech已同意以IPO价格同时私募购买最多2500万美元的股票。</blockquote></p><p> Assuming a successful IPO at the midpoint of the proposed price range, the company’s enterprise value at IPO (ex-underwriter options) would approximate $6.0 billion.</p><p><blockquote>假设在拟议价格范围的中点成功IPO，该公司IPO时的企业价值（前承销商期权）将约为60亿美元。</blockquote></p><p></p><p> Excluding effects of underwriter options and private placement shares or restricted stock, if any, the float to outstanding shares ratio will be approximately 7.53%. A figure under 10% is generally considered a ‘low float’ stock which can be subject to significant price volatility.</p><p><blockquote>排除承销商期权和私募股份或限制性股票（如有）的影响，流通股与流通股比率约为7.53%。低于10%的数字通常被认为是“低流通量”股票，可能会受到价格大幅波动的影响。</blockquote></p><p> Per the firm’s most recent regulatory filing, it plans to use the net proceeds as follows:</p><p><blockquote>根据该公司最新的监管文件，它计划使用净收益如下：</blockquote></p><p>   We currently intend to use the net proceeds we receive from this offering and the private placement for working capital and other general corporate purposes, which may include marketing, technology and product development, geographic or product expansions, general and administrative matters, and capital expenditures. We may also use a portion of the net proceeds for the acquisition of, or investment in, technologies, solutions, or businesses that complement our business. However, we do not have agreements or commitments for any acquisitions or investments outside the ordinary course of business at this time.    (Source)  Management’s presentation of the company roadshow isavailable here.</p><p><blockquote>我们目前打算将本次发行和私募获得的净收益用于营运资金和其他一般公司用途，其中可能包括营销、技术和产品开发、地理或产品扩张、一般和行政事务以及资本支出。我们还可能将部分净收益用于收购或投资补充我们业务的技术、解决方案或业务。然而，我们目前没有任何正常业务过程之外的收购或投资的协议或承诺。（来源）管理层对公司路演的介绍可在此处获得。</blockquote></p><p> Regarding outstanding legal proceedings, management said the firm is not party to any legal or regulatory proceedings that would be material to its operations or financial condition.</p><p><blockquote>关于未决法律诉讼，管理层表示，该公司不参与任何对其运营或财务状况有重大影响的法律或监管诉讼。</blockquote></p><p> Listed bookrunners of the IPO are Goldman Sachs, J.P. Morgan, and other investment banks.</p><p><blockquote>此次IPO的上市账簿管理人包括高盛、摩根大通和其他投资银行。</blockquote></p><p> <b>Valuation Metrics</b></p><p><blockquote><b>估值指标</b></blockquote></p><p> Below is a table of the firm’s relevant capitalization and valuation metrics at IPO, excluding the effects of underwriter options:</p><p><blockquote>下表列出了该公司IPO时的相关资本化和估值指标，不包括承销商期权的影响：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/2c705850107b99d30d618d9c817fe019\" tg-width=\"610\" tg-height=\"709\" referrerpolicy=\"no-referrer\">As a reference, a potential partial public comparable would be PayPal (PYPL); shown below is a comparison of their primary valuation metrics:</p><p><blockquote>作为参考，潜在的部分上市可比公司是PayPal（PYPL）；下图是其主要估值指标的比较：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/04c287d0fe2fe1b0b983b6cb07ad4b59\" tg-width=\"611\" tg-height=\"359\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>Commentary</b></p><p><blockquote><b>评论</b></blockquote></p><p> RELY is seeking to go public in the U.S. to provide capital for its corporate expansion plans.</p><p><blockquote>RELY正在寻求在美国上市，为其企业扩张计划提供资金。</blockquote></p><p> The firm’s financials show strong top line revenue growth, reduced operating losses, and lowered negative operating margin and growing cash flow from operations.</p><p><blockquote>该公司的财务数据显示，营收增长强劲，运营亏损减少，负运营利润率降低，运营现金流不断增长。</blockquote></p><p> Free cash flow for the twelve months ended June 30, 2021, was negative ($10.6 million).</p><p><blockquote>截至2021年6月30日的12个月的自由现金流为负（1060万美元）。</blockquote></p><p> Marketing expenses as a percentage of total revenue have dropped as revenue has increased and its Marketing efficiency rate grew to 1.9x in the most recent report period.</p><p><blockquote>随着收入的增加，营销费用占总收入的百分比有所下降，其营销效率在最近的报告期内增长至1.9倍。</blockquote></p><p> The market opportunity for providing cross-border remittance services is very large and expected to grow as immigration continues to rise and businesses produce more goods for export.</p><p><blockquote>提供跨境汇款服务的市场机会非常大，预计随着移民持续增加和企业生产更多出口商品，市场机会还会增长。</blockquote></p><p> Goldman Sachs is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 39.5% since their IPO. This is a mid-tier performance for all major underwriters during the period.</p><p><blockquote>高盛是首席承销商，该公司在过去12个月内牵头的IPO自IPO以来的平均回报率为39.5%。这是期内所有主要承销商的中等表现。</blockquote></p><p> The primary risk to the company’s outlook is increased competition from cryptocurrency networks, although these networks have their own adoption hurdles and are still nascent.</p><p><blockquote>该公司前景的主要风险是来自加密货币网络的竞争加剧，尽管这些网络有自己的采用障碍，并且仍处于萌芽阶段。</blockquote></p><p> As for valuation, compared to PayPal, the firm’s revenue multiple expectation is higher, but RELY is also growing top line revenue at a much higher rate, although on a lower revenue base than PayPal.</p><p><blockquote>至于估值，与PayPal相比，该公司的收入倍数预期更高，但RELY的营收增长速度也高得多，尽管收入基础低于PayPal。</blockquote></p><p> RELY is clearly a fast-growing company that is approaching operating breakeven. However, the firm faces competition from fast-growing cryptocurrency networks which are making inroads into the traditional payment rails by companies such as Remitly.</p><p><blockquote>RELY显然是一家快速增长的公司，正在接近运营盈亏平衡。然而，该公司面临着来自快速增长的加密货币网络的竞争，Remitly等公司正在进军传统支付领域。</blockquote></p><p> I’m impressed by the firm’s growth but concerned as to whether that growth can continue at its present rate.</p><p><blockquote>我对公司的增长印象深刻，但担心这种增长是否能以目前的速度持续下去。</blockquote></p><p> RELY is probably a fine investment opportunity, but I'll watch the IPO from the sidelines.</p><p><blockquote>RELY可能是一个很好的投资机会，但我会袖手旁观IPO。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Remitly Global opens for trading at $53, up about 23% from IPO price<blockquote>Remitly Global开盘价为53美元，较IPO价格上涨约23%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRemitly Global opens for trading at $53, up about 23% from IPO price<blockquote>Remitly Global开盘价为53美元，较IPO价格上涨约23%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-09-23 23:29</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(Sept 23)&nbsp;<a href=\"https://laohu8.com/S/RELY\">Remitly Global, Inc.</a> opens for trading at $53, up about 23% from IPO price.</p><p><blockquote>（9月23日）<a href=\"https://laohu8.com/S/RELY\">汇款全球公司。</a>开盘价为53美元，较IPO价格上涨约23%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0e4f9fae02046c2dec20410744605a2c\" tg-width=\"903\" tg-height=\"560\" referrerpolicy=\"no-referrer\">Company &amp; Technology</p><p><blockquote>公司与技术</blockquote></p><p> Seattle, Washington-based Remitly was founded to develop a platform to enable people to send cross-border remittances more easily and at a lower cost than traditional banking service providers.</p><p><blockquote>总部位于华盛顿州西雅图的Remitly成立的目的是开发一个平台，使人们能够比传统银行服务提供商更轻松、成本更低地进行跨境汇款。</blockquote></p><p> Management is headed by co-founder, president and CEO Matthew Oppenheimer, who has been with the firm since inception and was previously employed by Barclays PLC(NYSE:BCS), a multinational bank.</p><p><blockquote>管理层由联合创始人、总裁兼首席执行官马修·奥本海默(Matthew Oppenheimer)领导，他自公司成立以来一直在公司工作，此前曾受雇于跨国银行巴克莱银行(Barclays PLC)(NYSE：BCS)。</blockquote></p><p> The company’s primary offerings include:</p><p><blockquote>该公司的主要产品包括：</blockquote></p><p> <ul>  <li>Mobile app</li>  <li>Website</li>  <li>Passbook KYC and identity verification</li> </ul> RELY's coverage map of send and receive countries is shown below:</p><p><blockquote><ul><li>移动应用程序</li><li>网站</li><li>存折KYC和身份验证</li></ul>RELY的发送和接收国家覆盖地图如下所示：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b7da41517703af76d2ad5767a6f62c3e\" tg-width=\"1280\" tg-height=\"610\" referrerpolicy=\"no-referrer\">Remitly has received at least $390 million in equity investment from investors including PayU Fintech Investments, Strips, Threshold Ventures, Generation IM Sustainable Solutions, and Trilogy Equity Partners.</p><p><blockquote>Remitly已从PayU Fintech Investments、Strips、Threshold Ventures、Generation IM Sustainable Solutions和Trilogy Equity Partners等投资者那里获得了至少3.9亿美元的股权投资。</blockquote></p><p> <b>Customer Acquisition</b></p><p><blockquote><b>客户获取</b></blockquote></p><p> The firm focuses its development efforts on the over 280 million immigrants and their families who seek to send and receive money worldwide.</p><p><blockquote>该公司的发展重点是超过2.8亿寻求在全球范围内汇款和收款的移民及其家人。</blockquote></p><p> 85% of the user base interacts primarily through its mobile application.</p><p><blockquote>85%的用户群主要通过其移动应用程序进行交互。</blockquote></p><p> Marketing expenses as a percentage of total revenue have dropped markedly as revenues have increased, as the figures below indicate:</p><p><blockquote>营销费用佔总收入的百分比随着收入的增加而显著下降，如下图所示：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/02aab34075357a711003ef9c015d8c91\" tg-width=\"613\" tg-height=\"303\" referrerpolicy=\"no-referrer\">The Marketing efficiency rate, defined as how many dollars of additional new revenue are generated by each dollar of Marketing spend, rose slightly to 1.9x in the most recent reporting period, as shown in the table below:</p><p><blockquote>营销效率率（定义为每美元营销支出产生多少美元的额外新收入）在最近的报告期内小幅上升至1.9倍，如下表所示：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/578ef0f05e558e837af9959d96e698ae\" tg-width=\"609\" tg-height=\"241\" referrerpolicy=\"no-referrer\">Market &amp; Competition</p><p><blockquote>市场与竞争</blockquote></p><p> According to a 2020 marketresearch reportby Allied Market Research, the global remittance market was an estimated $683 billion in 2018 and is forecast to reach $930 billion by 2026.</p><p><blockquote>根据Allied Market Research的2020年市场研究报告，2018年全球汇款市场估计为6830亿美元，预计到2026年将达到9300亿美元。</blockquote></p><p> This represents a forecast CAGR of 3.9% from 2019 to 2026.</p><p><blockquote>这意味着2019年至2026年的预测复合年增长率为3.9%。</blockquote></p><p> The main drivers for this expected growth are an increase in population migration and growth in business remittances and more businesses producing goods and services for export.</p><p><blockquote>这一预期增长的主要驱动力是人口迁移的增加、企业汇款的增长以及更多企业生产出口商品和服务。</blockquote></p><p> Also, the chart below indicates that the bank segment will continue to dominate the global remittance market, at least through 2026:</p><p><blockquote>此外，下图表明，至少到2026年，银行部门将继续主导全球汇款市场：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ac62350b35b880b02943827b083ac10f\" tg-width=\"1280\" tg-height=\"778\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> (Source)</p><p><blockquote>（资料来源）</blockquote></p><p> Major competitive or other industry participants by type include:</p><p><blockquote>按类型划分的主要竞争或其他行业参与者包括：</blockquote></p><p> <ul>  <li>Traditional providers and banks</li>  <li>Digital-first cross-border providers</li>  <li>Cryptocurrency systems</li>  <li>Person-to-person informal channels</li> </ul> <b>Financial Performance</b></p><p><blockquote><ul><li>传统提供商和银行</li><li>数字优先的跨境提供商</li><li>加密货币系统</li><li>个人对个人的非正式渠道</li></ul><b>财务表现</b></blockquote></p><p> Remitly’s recent financial results can be summarized as follows:</p><p><blockquote>Remitly最近的财务业绩可以总结如下：</blockquote></p><p> <ul>  <li>Sharply growing top line revenue</li>  <li>Increasing gross profit</li>  <li>Variable gross margin within a tight range</li>  <li>Reduced operating losses and negative operating margin</li>  <li>A sharp swing to positive cash flow from operations</li> </ul> Below are relevant financial results derived from the firm’s registration statement:</p><p><blockquote><ul><li>营收急剧增长</li><li>增加毛利</li><li>毛利率在狭窄范围内波动</li><li>营业亏损减少，营业利润率为负</li><li>运营现金流急剧转为正</li></ul>以下是来自公司注册声明的相关财务业绩：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/aa0ce70faef1b56c76c0740d90699667\" tg-width=\"609\" tg-height=\"618\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/fbe99db82b3de0dae05dd04c280ae89b\" tg-width=\"612\" tg-height=\"626\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5afee2a5147ec95f52a2d9c6c70566c0\" tg-width=\"614\" tg-height=\"615\" referrerpolicy=\"no-referrer\">As of June 30, 2021, Remitly had $173 million in cash and $134 million in total liabilities.</p><p><blockquote>截至2021年6月30日，Remitly拥有1.73亿美元现金和1.34亿美元总负债。</blockquote></p><p> Free cash flow during the twelve months ended June 30, 2021, was negative ($10.6 million).</p><p><blockquote>截至2021年6月30日的12个月内，自由现金流为负（1060万美元）。</blockquote></p><p> <b>IPO Details</b></p><p><blockquote><b>IPO详情</b></blockquote></p><p> RELY intends to sell 12.2 million shares of common stock at a proposed midpoint price of $40.00 per share for gross proceeds of approximately $487 million, not including the sale of customary underwriter options.</p><p><blockquote>RELY打算以每股40.00美元的拟议中中间价出售1220万股普通股，总收益约为4.87亿美元，不包括出售惯常承销商期权。</blockquote></p><p> Existing shareholder PayU Fintech has agreed to purchase shares of up to $25.0 million in a concurrent private placement at the IPO price.</p><p><blockquote>现有股东PayU Fintech已同意以IPO价格同时私募购买最多2500万美元的股票。</blockquote></p><p> Assuming a successful IPO at the midpoint of the proposed price range, the company’s enterprise value at IPO (ex-underwriter options) would approximate $6.0 billion.</p><p><blockquote>假设在拟议价格范围的中点成功IPO，该公司IPO时的企业价值（前承销商期权）将约为60亿美元。</blockquote></p><p></p><p> Excluding effects of underwriter options and private placement shares or restricted stock, if any, the float to outstanding shares ratio will be approximately 7.53%. A figure under 10% is generally considered a ‘low float’ stock which can be subject to significant price volatility.</p><p><blockquote>排除承销商期权和私募股份或限制性股票（如有）的影响，流通股与流通股比率约为7.53%。低于10%的数字通常被认为是“低流通量”股票，可能会受到价格大幅波动的影响。</blockquote></p><p> Per the firm’s most recent regulatory filing, it plans to use the net proceeds as follows:</p><p><blockquote>根据该公司最新的监管文件，它计划使用净收益如下：</blockquote></p><p>   We currently intend to use the net proceeds we receive from this offering and the private placement for working capital and other general corporate purposes, which may include marketing, technology and product development, geographic or product expansions, general and administrative matters, and capital expenditures. We may also use a portion of the net proceeds for the acquisition of, or investment in, technologies, solutions, or businesses that complement our business. However, we do not have agreements or commitments for any acquisitions or investments outside the ordinary course of business at this time.    (Source)  Management’s presentation of the company roadshow isavailable here.</p><p><blockquote>我们目前打算将本次发行和私募获得的净收益用于营运资金和其他一般公司用途，其中可能包括营销、技术和产品开发、地理或产品扩张、一般和行政事务以及资本支出。我们还可能将部分净收益用于收购或投资补充我们业务的技术、解决方案或业务。然而，我们目前没有任何正常业务过程之外的收购或投资的协议或承诺。（来源）管理层对公司路演的介绍可在此处获得。</blockquote></p><p> Regarding outstanding legal proceedings, management said the firm is not party to any legal or regulatory proceedings that would be material to its operations or financial condition.</p><p><blockquote>关于未决法律诉讼，管理层表示，该公司不参与任何对其运营或财务状况有重大影响的法律或监管诉讼。</blockquote></p><p> Listed bookrunners of the IPO are Goldman Sachs, J.P. Morgan, and other investment banks.</p><p><blockquote>此次IPO的上市账簿管理人包括高盛、摩根大通和其他投资银行。</blockquote></p><p> <b>Valuation Metrics</b></p><p><blockquote><b>估值指标</b></blockquote></p><p> Below is a table of the firm’s relevant capitalization and valuation metrics at IPO, excluding the effects of underwriter options:</p><p><blockquote>下表列出了该公司IPO时的相关资本化和估值指标，不包括承销商期权的影响：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/2c705850107b99d30d618d9c817fe019\" tg-width=\"610\" tg-height=\"709\" referrerpolicy=\"no-referrer\">As a reference, a potential partial public comparable would be PayPal (PYPL); shown below is a comparison of their primary valuation metrics:</p><p><blockquote>作为参考，潜在的部分上市可比公司是PayPal（PYPL）；下图是其主要估值指标的比较：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/04c287d0fe2fe1b0b983b6cb07ad4b59\" tg-width=\"611\" tg-height=\"359\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>Commentary</b></p><p><blockquote><b>评论</b></blockquote></p><p> RELY is seeking to go public in the U.S. to provide capital for its corporate expansion plans.</p><p><blockquote>RELY正在寻求在美国上市，为其企业扩张计划提供资金。</blockquote></p><p> The firm’s financials show strong top line revenue growth, reduced operating losses, and lowered negative operating margin and growing cash flow from operations.</p><p><blockquote>该公司的财务数据显示，营收增长强劲，运营亏损减少，负运营利润率降低，运营现金流不断增长。</blockquote></p><p> Free cash flow for the twelve months ended June 30, 2021, was negative ($10.6 million).</p><p><blockquote>截至2021年6月30日的12个月的自由现金流为负（1060万美元）。</blockquote></p><p> Marketing expenses as a percentage of total revenue have dropped as revenue has increased and its Marketing efficiency rate grew to 1.9x in the most recent report period.</p><p><blockquote>随着收入的增加，营销费用占总收入的百分比有所下降，其营销效率在最近的报告期内增长至1.9倍。</blockquote></p><p> The market opportunity for providing cross-border remittance services is very large and expected to grow as immigration continues to rise and businesses produce more goods for export.</p><p><blockquote>提供跨境汇款服务的市场机会非常大，预计随着移民持续增加和企业生产更多出口商品，市场机会还会增长。</blockquote></p><p> Goldman Sachs is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 39.5% since their IPO. This is a mid-tier performance for all major underwriters during the period.</p><p><blockquote>高盛是首席承销商，该公司在过去12个月内牵头的IPO自IPO以来的平均回报率为39.5%。这是期内所有主要承销商的中等表现。</blockquote></p><p> The primary risk to the company’s outlook is increased competition from cryptocurrency networks, although these networks have their own adoption hurdles and are still nascent.</p><p><blockquote>该公司前景的主要风险是来自加密货币网络的竞争加剧，尽管这些网络有自己的采用障碍，并且仍处于萌芽阶段。</blockquote></p><p> As for valuation, compared to PayPal, the firm’s revenue multiple expectation is higher, but RELY is also growing top line revenue at a much higher rate, although on a lower revenue base than PayPal.</p><p><blockquote>至于估值，与PayPal相比，该公司的收入倍数预期更高，但RELY的营收增长速度也高得多，尽管收入基础低于PayPal。</blockquote></p><p> RELY is clearly a fast-growing company that is approaching operating breakeven. However, the firm faces competition from fast-growing cryptocurrency networks which are making inroads into the traditional payment rails by companies such as Remitly.</p><p><blockquote>RELY显然是一家快速增长的公司，正在接近运营盈亏平衡。然而，该公司面临着来自快速增长的加密货币网络的竞争，Remitly等公司正在进军传统支付领域。</blockquote></p><p> I’m impressed by the firm’s growth but concerned as to whether that growth can continue at its present rate.</p><p><blockquote>我对公司的增长印象深刻，但担心这种增长是否能以目前的速度持续下去。</blockquote></p><p> RELY is probably a fine investment opportunity, but I'll watch the IPO from the sidelines.</p><p><blockquote>RELY可能是一个很好的投资机会，但我会袖手旁观IPO。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RELY":"Remitly Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181941187","content_text":"(Sept 23) Remitly Global, Inc. opens for trading at $53, up about 23% from IPO price.\nCompany & Technology\nSeattle, Washington-based Remitly was founded to develop a platform to enable people to send cross-border remittances more easily and at a lower cost than traditional banking service providers.\nManagement is headed by co-founder, president and CEO Matthew Oppenheimer, who has been with the firm since inception and was previously employed by Barclays PLC(NYSE:BCS), a multinational bank.\nThe company’s primary offerings include:\n\nMobile app\nWebsite\nPassbook KYC and identity verification\n\nRELY's coverage map of send and receive countries is shown below:\nRemitly has received at least $390 million in equity investment from investors including PayU Fintech Investments, Strips, Threshold Ventures, Generation IM Sustainable Solutions, and Trilogy Equity Partners.\nCustomer Acquisition\nThe firm focuses its development efforts on the over 280 million immigrants and their families who seek to send and receive money worldwide.\n85% of the user base interacts primarily through its mobile application.\nMarketing expenses as a percentage of total revenue have dropped markedly as revenues have increased, as the figures below indicate:\nThe Marketing efficiency rate, defined as how many dollars of additional new revenue are generated by each dollar of Marketing spend, rose slightly to 1.9x in the most recent reporting period, as shown in the table below:\nMarket & Competition\nAccording to a 2020 marketresearch reportby Allied Market Research, the global remittance market was an estimated $683 billion in 2018 and is forecast to reach $930 billion by 2026.\nThis represents a forecast CAGR of 3.9% from 2019 to 2026.\nThe main drivers for this expected growth are an increase in population migration and growth in business remittances and more businesses producing goods and services for export.\nAlso, the chart below indicates that the bank segment will continue to dominate the global remittance market, at least through 2026:\n\n(Source)\nMajor competitive or other industry participants by type include:\n\nTraditional providers and banks\nDigital-first cross-border providers\nCryptocurrency systems\nPerson-to-person informal channels\n\nFinancial Performance\nRemitly’s recent financial results can be summarized as follows:\n\nSharply growing top line revenue\nIncreasing gross profit\nVariable gross margin within a tight range\nReduced operating losses and negative operating margin\nA sharp swing to positive cash flow from operations\n\nBelow are relevant financial results derived from the firm’s registration statement:\nAs of June 30, 2021, Remitly had $173 million in cash and $134 million in total liabilities.\nFree cash flow during the twelve months ended June 30, 2021, was negative ($10.6 million).\nIPO Details\nRELY intends to sell 12.2 million shares of common stock at a proposed midpoint price of $40.00 per share for gross proceeds of approximately $487 million, not including the sale of customary underwriter options.\nExisting shareholder PayU Fintech has agreed to purchase shares of up to $25.0 million in a concurrent private placement at the IPO price.\nAssuming a successful IPO at the midpoint of the proposed price range, the company’s enterprise value at IPO (ex-underwriter options) would approximate $6.0 billion.\nExcluding effects of underwriter options and private placement shares or restricted stock, if any, the float to outstanding shares ratio will be approximately 7.53%. A figure under 10% is generally considered a ‘low float’ stock which can be subject to significant price volatility.\nPer the firm’s most recent regulatory filing, it plans to use the net proceeds as follows:\n\n We currently intend to use the net proceeds we receive from this offering and the private placement for working capital and other general corporate purposes, which may include marketing, technology and product development, geographic or product expansions, general and administrative matters, and capital expenditures. We may also use a portion of the net proceeds for the acquisition of, or investment in, technologies, solutions, or businesses that complement our business. However, we do not have agreements or commitments for any acquisitions or investments outside the ordinary course of business at this time.\n\n\n (Source)\n\nManagement’s presentation of the company roadshow isavailable here.\nRegarding outstanding legal proceedings, management said the firm is not party to any legal or regulatory proceedings that would be material to its operations or financial condition.\nListed bookrunners of the IPO are Goldman Sachs, J.P. Morgan, and other investment banks.\nValuation Metrics\nBelow is a table of the firm’s relevant capitalization and valuation metrics at IPO, excluding the effects of underwriter options:\nAs a reference, a potential partial public comparable would be PayPal (PYPL); shown below is a comparison of their primary valuation metrics:\n\nCommentary\nRELY is seeking to go public in the U.S. to provide capital for its corporate expansion plans.\nThe firm’s financials show strong top line revenue growth, reduced operating losses, and lowered negative operating margin and growing cash flow from operations.\nFree cash flow for the twelve months ended June 30, 2021, was negative ($10.6 million).\nMarketing expenses as a percentage of total revenue have dropped as revenue has increased and its Marketing efficiency rate grew to 1.9x in the most recent report period.\nThe market opportunity for providing cross-border remittance services is very large and expected to grow as immigration continues to rise and businesses produce more goods for export.\nGoldman Sachs is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 39.5% since their IPO. This is a mid-tier performance for all major underwriters during the period.\nThe primary risk to the company’s outlook is increased competition from cryptocurrency networks, although these networks have their own adoption hurdles and are still nascent.\nAs for valuation, compared to PayPal, the firm’s revenue multiple expectation is higher, but RELY is also growing top line revenue at a much higher rate, although on a lower revenue base than PayPal.\nRELY is clearly a fast-growing company that is approaching operating breakeven. However, the firm faces competition from fast-growing cryptocurrency networks which are making inroads into the traditional payment rails by companies such as Remitly.\nI’m impressed by the firm’s growth but concerned as to whether that growth can continue at its present rate.\nRELY is probably a fine investment opportunity, but I'll watch the IPO from the sidelines.","news_type":1,"symbols_score_info":{"RELY":0.9}},"isVote":1,"tweetType":1,"viewCount":2324,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":885841855,"gmtCreate":1631779736277,"gmtModify":1631886068990,"author":{"id":"3567477691365105","authorId":"3567477691365105","name":"Chiengcoco","avatar":"https://static.tigerbbs.com/57e1b744feb6b9e682c6d1bb7faeb020","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567477691365105","idStr":"3567477691365105"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/885841855","repostId":"1160275332","repostType":2,"repost":{"id":"1160275332","kind":"news","pubTimestamp":1631604098,"share":"https://www.laohu8.com/m/news/1160275332?lang=zh_CN&edition=full","pubTime":"2021-09-14 15:21","market":"us","language":"en","title":"Busy IPO market this week poised to make 2021 the biggest year ever by proceeds<blockquote>本周繁忙的IPO市场有望使2021年成为有史以来收益最大的一年</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1160275332","media":"MarketWatch","summary":"Swiss running-shoe company backed by Roger Federer and drive-through coffee chain expected to hit th","content":"<p>Swiss running-shoe company backed by Roger Federer and drive-through coffee chain expected to hit the market this week </p><p><blockquote>罗杰·费德勒支持的瑞士跑鞋公司和得来速咖啡连锁店预计将于本周上市</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/18111af5f5bda21b3128860fe616c5ca\" tg-width=\"700\" tg-height=\"467\" width=\"100%\" height=\"auto\"><span>Swiss tennis giant Roger Federer is a backer of one of this week's bigger IPOs.</span></p><p><blockquote><p class=\"t-img-caption\"><span>瑞士网球巨头罗杰·费德勒是本周最大IPO之一的支持者。</span></p></blockquote></p><p> After a flurry of initial-public-offering launches last week&nbsp;set the market up for a busy fall for deals, 11 are expected to price this week and raise more than $3 billion in proceeds. </p><p><blockquote>上周一系列首次公开募股引发市场交易繁忙，预计本周将有11家公司定价，筹集超过30亿美元的资金。</blockquote></p><p> If all deals materialize, it will make 2021 the biggest year for IPO proceeds ever, and shatter the previous record by about 30%, according to Bill Smith, founder and chief executive of Renaissance Capital, a provider of institutional research and exchange-traded funds oriented around IPOs. The market is expected to see some 375 deals for the year, raising $125 billion, according to Renaissance, beating the $97 billion raised in 2000 during the dot-com boom. </p><p><blockquote>机构研究和交易所交易基金提供商Renaissance Capital创始人兼首席执行官比尔·史密斯(Bill Smith)表示，如果所有交易都实现，2021年将成为有史以来IPO收益最大的一年，并将之前的记录打破约30%。以IPO为导向的基金。据Renaissance称，预计今年市场将出现约375笔交易，筹集1250亿美元，超过2000年互联网繁荣期间筹集的970亿美元。</blockquote></p><p> “After the long summer break, this week is a litmus test for upcoming tech, biotech, and consumer IPOs,” Smith wrote in a market commentary. The list includes a Swiss running-shoe company backed by tennis giant Roger Federer, a drive-through coffee kiosk operator and a mortgage insurer that was spun out of insurer Genworth Financial. </p><p><blockquote>史密斯在市场评论中写道：“在漫长的暑假之后，本周是即将到来的科技、生物技术和消费者IPO的试金石。”该名单包括一家由网球巨头罗杰·费德勒支持的瑞士跑鞋公司、一家得来速咖啡亭运营商以及一家从保险公司Genworth Financial分拆出来的抵押贷款保险公司。</blockquote></p><p> The biggest deal of the week is expected to come from Thoughtworks,a Chicago-based technology consultancy that will go public at a valuation of up to $6.1 billion.</p><p><blockquote>本周最大的交易预计将来自总部位于芝加哥的技术咨询公司Thoughtworks，该公司将以高达61亿美元的估值上市。</blockquote></p><p> The company, which expects to change its name from Turing Holding Corp. to Thoughtworks with completion of the IPO, said a total of 36.84 million shares will be offered, split between the company and selling shareholders.</p><p><blockquote>该公司预计在IPO完成后将更名从Turing Holding Corp.更名为Thoughtworks，并表示将发行总计3684万股股票，由公司和出售股东分配。</blockquote></p><p> The deal is expected to price at between $18 and $20 a share, and the stock will trade on the Nasdaq under the ticker symbol “TWKS.” Goldman Sachs and JPMorgan are the lead underwriters. The company recorded net income of $79.3 million on revenue of $803.4 million in 2020, after income of $28.4 million on revenue of $772.2 million in 2019.</p><p><blockquote>这笔交易预计价格为每股18美元至20美元，股票将在纳斯达克交易，股票代码为“TWKS”。高盛和摩根大通是主承销商。本公司于2020年录得净收入79.3百万美元，收入为8.03.4百万美元，二零一九年录得7.72.2百万美元后，收入净额为2840万美元。</blockquote></p><p> The Swiss athletic-footwear maker On Holding&nbsp;is expected to raise up to $622 million at a valuation of almost $6 billion. On has applied to list 31.1 million shares priced at $18 to $20 each on the New York Stock Exchange, under the ticker symbol “ONON.”</p><p><blockquote>这家持有股份的瑞士运动鞋制造商预计将以近60亿美元的估值筹集至多6.22亿美元。On已申请在纽约证券交易所上市3110万股，每股价格为18至20美元，股票代码为“ONON”。</blockquote></p><p> Goldman Sachs, Morgan Stanley and Morgan Stanley are lead underwriters in a syndicate of nine banks on the On deal. Proceeds are to be used for general corporate purposes. The company has a line that it co-developed with Federer.</p><p><blockquote>高盛、摩根士丹利和摩根士丹利是此次交易的九家银行组成的银团的主承销商。收益将用于一般公司用途。该公司有一条与费德勒共同开发的生产线。</blockquote></p><p> The company had net income of 3.8 million Swiss francs ($4.1 million) in the six months through June 30, after a loss of 33.1 million francs in the year-earlier period,&nbsp;according to its IPO documents.&nbsp;Sales came to 315.5 million francs, up from 170.9 million francs.</p><p><blockquote>根据其IPO文件，在截至6月30日的六个月中，该公司的净利润为380万瑞士法郎（合410万美元），而上年同期为亏损3310万瑞士法郎，而去年同期的销售额为3.155亿瑞士法郎，高于1.709亿瑞士法郎。</blockquote></p><p> Also from Switzerland, sports betting site Sportrader Group AG&nbsp;plans to offer 19 million shares priced at $25 to $28 each, for a valuation of up to $31 billion. The company has applied to list on Nasdaq under the ticker symbol “SRAD.” JPMorgan, Morgan Stanley, Citigroup and UBS are lead underwriters in a syndicate of 13 banks working on the deal.</p><p><blockquote>同样来自瑞士的体育博彩网站Sportrader Group AG计划以每股25至28美元的价格发行1900万股股票，估值高达310亿美元。该公司已申请在纳斯达克上市，股票代码为“SRAD”。摩根大通、摩根士丹利、花旗集团和瑞银是参与该交易的13家银行组成的银团的主承销商。</blockquote></p><p> Proceeds are to be used for working capital and to spur growth. The company had a net profit of $29.9 million in the first six months of the year, on revenue of $321 million,&nbsp;according to its filing documents.</p><p><blockquote>收益将用于营运资金和刺激增长。根据其备案文件，该公司今年前六个月净利润为2990万美元，营收为3.21亿美元。</blockquote></p><p> Dutch Bros Inc.,an operator of drive-through shops that serve hot and cold drinks mostly in western U.S. states, is planning to offer 21.1 million shares priced at $18 to $20 each in its IPO, valuing the company at up to $3.3 billion.</p><p><blockquote>Dutch Bros Inc.是一家主要在美国西部各州提供冷热饮料的免下车商店运营商，计划在IPO中发行2110万股股票，每股价格为18至20美元，公司估值高达33亿美元。</blockquote></p><p> BofA Securities, JPMorgan and Jefferies are lead underwriters in a syndicate of 13 banks working on the deal. The company has applied to list on the New York Stock Exchange under the ticker symbol “BROS.”</p><p><blockquote>美国银行证券、摩根大通和杰富瑞是参与该交易的13家银行组成的财团的主承销商。该公司已申请在纽约证券交易所上市，股票代码为“BROS”。</blockquote></p><p> Proceeds are to be used to purchase additional Class A shares — the company is planning to have four classes of stock with differing voting rights. The company had a net loss of $13.6 million, or 32 cents a share, in the first six months of the year, narrower than the loss of $16.5 million, or 38 cents a share, posted in the year-earlier period. Revenue fell to $227.9 million from $327.4 million.</p><p><blockquote>所得款项将用于购买额外的A类股票——该公司计划拥有四类具有不同投票权的股票。该公司今年前六个月的净亏损为1,360万美元，即每股亏损32美分，低于去年同期的1,650万美元，即每股亏损38美分。收入从3.274亿美元降至2.279亿美元。</blockquote></p><p> <b>Rounding out the list are:</b></p><p><blockquote><b>名单上还有：</b></blockquote></p><p> •&nbsp;Definitive Healthcare Corp.,&nbsp;a Massachusetts-based provider of healthcare commercial intelligence, is planning to offer 15.56 million shares in its PO, which is expected to price between $21 and $24 a share. At that pricing, the company could be valued at up to $3.55 billion.</p><p><blockquote>•总部位于马萨诸塞州的医疗保健商业情报提供商Definitive Healthcare Corp.计划在其PO中发行1556万股股票，预计定价在每股21美元至24美元之间。按照这个定价，该公司的估值可能高达35.5亿美元。</blockquote></p><p></p><p> •&nbsp;Enact Holdings Inc., a mortgage insurer owned by Genworth, is planning to offer 13.3 million shares priced at $19 to $20 each. The company would be valued at $3.3 billion at the top of that range. The company said all shares will be sold by Genworth and it will not receive any proceeds. It has applied to list on Nasdaq under the ticker “ACT.” Goldman Sachs and JPMorgan are lead underwriters in a team of nine banks working on the deal.</p><p><blockquote>Genworth旗下的抵押贷款保险公司Enact Holdings Inc.计划发行1330万股股票，每股价格为19至20美元。该公司的估值为33亿美元，处于该范围的顶部。该公司表示，Genworth将出售所有股份，不会获得任何收益。它已申请在纳斯达克上市，股票代码为“ACT”。高盛和摩根大通是参与该交易的九家银行团队的主承销商。</blockquote></p><p> •&nbsp;ForgeRock<a href=\"https://www.marketwatch.com/investing/stock/FORG?mod=MW_story_quote&amp;mod=article_inline\" target=\"_blank\">,</a>&nbsp;a California-based identity security platform, is looking to raise up to $264 million with an offering of 11 million shares priced between $21 and $24 a share. That pricing would value the company a valuation of up to $1.91 billion.</p><p><blockquote>•锻造岩石<a href=\"https://www.marketwatch.com/investing/stock/FORG?mod=MW_story_quote&amp;mod=article_inline\" target=\"_blank\">,</a>一家总部位于加州的身份安全平台希望通过发行1100万股股票，每股价格在21美元至24美元之间，筹集至多2.64亿美元。该定价将使该公司估值高达19.1亿美元。</blockquote></p><p> The stock is expected to list on the NYSE under the ticker symbol “FORG.” Morgan Stanley and JPMorgan are the lead underwriters. The company recorded a net loss of $41.8 million on revenue of $127.6 million in 2020, after a loss of $36.9 million on revenue of $104.5 million in 2019.</p><p><blockquote>该股预计将在纽约证券交易所上市，股票代码为“FORG”。摩根士丹利和摩根大通是主承销商。该公司在2020年录得净亏损4180万美元，营收为1.276亿美元，而2019年营收为1.045亿美元，亏损3690万美元。</blockquote></p><p> <b>•</b>Dice Therapeutics&nbsp;is expected to raise up to $170 million at a valuation of up to $583 million and list on Nasdaq under the ticker symbol “DICE.” The biotech is developing therapies to treat chronic diseases in the field of immunology.</p><p><blockquote><b>•</b>Dice Therapeutics预计将以高达5.83亿美元的估值筹集至多1.7亿美元，并在纳斯达克上市，股票代码为“DICE”。该生物技术公司正在免疫学领域开发治疗慢性疾病的疗法。</blockquote></p><p> <b>•</b>Surgical robotics developer Procept BioRobotics,is aiming to raise up to $132 million at a valuation of about $1 billion with plans to list on Nasdaq under the ticker symbol “PRCT.” BofA Securities and Goldman Sachs are lead underwriters.</p><p><blockquote><b>•</b>手术机器人开发商Procept BioRobotics计划以约10亿美元的估值筹集至多1.32亿美元，并计划在纳斯达克上市，股票代码为“PRCT”。美银证券和高盛是主承销商。</blockquote></p><p> “We develop, manufacture and sell the AquaBeam Robotic System, an advanced, image-guided, surgical robotic system for use in minimally invasive urologic surgery with an initial focus on treating benign prostatic hyperplasia, or BPH,” the company says in its IPO documents.</p><p><blockquote>该公司在其IPO文件中表示：“我们开发、制造和销售AquaBeam机器人系统，这是一种先进的图像引导手术机器人系统，用于微创泌尿外科手术，最初重点是治疗良性前列腺增生（BPH）。”</blockquote></p><p> <b>•</b>Tyra Biosciences is aiming to raise $107.2 million in IPO proceeds at a valuation of $589 million. The biotech’s leading product candidate is a treatment for bladder cancer. It has applied to list on Nasdaq under the symbol “TYRA.”</p><p><blockquote><b>•</b>Tyra Biosciences的目标是通过IPO筹集1.072亿美元，估值为5.89亿美元。该生物技术公司的领先候选产品是膀胱癌的治疗方法。它已申请在纳斯达克上市，股票代码为“TYRA”。</blockquote></p><p> <b>•</b>EzFill Holdings, an app-based mobile fueling company in South Florida, is planning to raise $25 million at a valuation of $100 million. The company has applied to list on Nasdaq under the ticker symbol “EZFL.” ThinkEquity is sole underwriter.</p><p><blockquote><b>•</b>EzFill Holdings是一家位于南佛罗里达州的基于应用程序的移动加油公司，计划以1亿美元的估值筹集2500万美元。该公司已申请在纳斯达克上市，股票代码为“EZFL”。ThinkEquity是独家承销商。</blockquote></p><p> The Renaissance IPO ETF&nbsp;has gained 6% to date in 2021, while the S&amp;P 500&nbsp;has advanced 19%.</p><p><blockquote>2021年迄今为止，Renaissance IPO ETF已上涨6%，而标普500则上涨19%。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Busy IPO market this week poised to make 2021 the biggest year ever by proceeds<blockquote>本周繁忙的IPO市场有望使2021年成为有史以来收益最大的一年</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBusy IPO market this week poised to make 2021 the biggest year ever by proceeds<blockquote>本周繁忙的IPO市场有望使2021年成为有史以来收益最大的一年</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-09-14 15:21</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Swiss running-shoe company backed by Roger Federer and drive-through coffee chain expected to hit the market this week </p><p><blockquote>罗杰·费德勒支持的瑞士跑鞋公司和得来速咖啡连锁店预计将于本周上市</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/18111af5f5bda21b3128860fe616c5ca\" tg-width=\"700\" tg-height=\"467\" width=\"100%\" height=\"auto\"><span>Swiss tennis giant Roger Federer is a backer of one of this week's bigger IPOs.</span></p><p><blockquote><p class=\"t-img-caption\"><span>瑞士网球巨头罗杰·费德勒是本周最大IPO之一的支持者。</span></p></blockquote></p><p> After a flurry of initial-public-offering launches last week&nbsp;set the market up for a busy fall for deals, 11 are expected to price this week and raise more than $3 billion in proceeds. </p><p><blockquote>上周一系列首次公开募股引发市场交易繁忙，预计本周将有11家公司定价，筹集超过30亿美元的资金。</blockquote></p><p> If all deals materialize, it will make 2021 the biggest year for IPO proceeds ever, and shatter the previous record by about 30%, according to Bill Smith, founder and chief executive of Renaissance Capital, a provider of institutional research and exchange-traded funds oriented around IPOs. The market is expected to see some 375 deals for the year, raising $125 billion, according to Renaissance, beating the $97 billion raised in 2000 during the dot-com boom. </p><p><blockquote>机构研究和交易所交易基金提供商Renaissance Capital创始人兼首席执行官比尔·史密斯(Bill Smith)表示，如果所有交易都实现，2021年将成为有史以来IPO收益最大的一年，并将之前的记录打破约30%。以IPO为导向的基金。据Renaissance称，预计今年市场将出现约375笔交易，筹集1250亿美元，超过2000年互联网繁荣期间筹集的970亿美元。</blockquote></p><p> “After the long summer break, this week is a litmus test for upcoming tech, biotech, and consumer IPOs,” Smith wrote in a market commentary. The list includes a Swiss running-shoe company backed by tennis giant Roger Federer, a drive-through coffee kiosk operator and a mortgage insurer that was spun out of insurer Genworth Financial. </p><p><blockquote>史密斯在市场评论中写道：“在漫长的暑假之后，本周是即将到来的科技、生物技术和消费者IPO的试金石。”该名单包括一家由网球巨头罗杰·费德勒支持的瑞士跑鞋公司、一家得来速咖啡亭运营商以及一家从保险公司Genworth Financial分拆出来的抵押贷款保险公司。</blockquote></p><p> The biggest deal of the week is expected to come from Thoughtworks,a Chicago-based technology consultancy that will go public at a valuation of up to $6.1 billion.</p><p><blockquote>本周最大的交易预计将来自总部位于芝加哥的技术咨询公司Thoughtworks，该公司将以高达61亿美元的估值上市。</blockquote></p><p> The company, which expects to change its name from Turing Holding Corp. to Thoughtworks with completion of the IPO, said a total of 36.84 million shares will be offered, split between the company and selling shareholders.</p><p><blockquote>该公司预计在IPO完成后将更名从Turing Holding Corp.更名为Thoughtworks，并表示将发行总计3684万股股票，由公司和出售股东分配。</blockquote></p><p> The deal is expected to price at between $18 and $20 a share, and the stock will trade on the Nasdaq under the ticker symbol “TWKS.” Goldman Sachs and JPMorgan are the lead underwriters. The company recorded net income of $79.3 million on revenue of $803.4 million in 2020, after income of $28.4 million on revenue of $772.2 million in 2019.</p><p><blockquote>这笔交易预计价格为每股18美元至20美元，股票将在纳斯达克交易，股票代码为“TWKS”。高盛和摩根大通是主承销商。本公司于2020年录得净收入79.3百万美元，收入为8.03.4百万美元，二零一九年录得7.72.2百万美元后，收入净额为2840万美元。</blockquote></p><p> The Swiss athletic-footwear maker On Holding&nbsp;is expected to raise up to $622 million at a valuation of almost $6 billion. On has applied to list 31.1 million shares priced at $18 to $20 each on the New York Stock Exchange, under the ticker symbol “ONON.”</p><p><blockquote>这家持有股份的瑞士运动鞋制造商预计将以近60亿美元的估值筹集至多6.22亿美元。On已申请在纽约证券交易所上市3110万股，每股价格为18至20美元，股票代码为“ONON”。</blockquote></p><p> Goldman Sachs, Morgan Stanley and Morgan Stanley are lead underwriters in a syndicate of nine banks on the On deal. Proceeds are to be used for general corporate purposes. The company has a line that it co-developed with Federer.</p><p><blockquote>高盛、摩根士丹利和摩根士丹利是此次交易的九家银行组成的银团的主承销商。收益将用于一般公司用途。该公司有一条与费德勒共同开发的生产线。</blockquote></p><p> The company had net income of 3.8 million Swiss francs ($4.1 million) in the six months through June 30, after a loss of 33.1 million francs in the year-earlier period,&nbsp;according to its IPO documents.&nbsp;Sales came to 315.5 million francs, up from 170.9 million francs.</p><p><blockquote>根据其IPO文件，在截至6月30日的六个月中，该公司的净利润为380万瑞士法郎（合410万美元），而上年同期为亏损3310万瑞士法郎，而去年同期的销售额为3.155亿瑞士法郎，高于1.709亿瑞士法郎。</blockquote></p><p> Also from Switzerland, sports betting site Sportrader Group AG&nbsp;plans to offer 19 million shares priced at $25 to $28 each, for a valuation of up to $31 billion. The company has applied to list on Nasdaq under the ticker symbol “SRAD.” JPMorgan, Morgan Stanley, Citigroup and UBS are lead underwriters in a syndicate of 13 banks working on the deal.</p><p><blockquote>同样来自瑞士的体育博彩网站Sportrader Group AG计划以每股25至28美元的价格发行1900万股股票，估值高达310亿美元。该公司已申请在纳斯达克上市，股票代码为“SRAD”。摩根大通、摩根士丹利、花旗集团和瑞银是参与该交易的13家银行组成的银团的主承销商。</blockquote></p><p> Proceeds are to be used for working capital and to spur growth. The company had a net profit of $29.9 million in the first six months of the year, on revenue of $321 million,&nbsp;according to its filing documents.</p><p><blockquote>收益将用于营运资金和刺激增长。根据其备案文件，该公司今年前六个月净利润为2990万美元，营收为3.21亿美元。</blockquote></p><p> Dutch Bros Inc.,an operator of drive-through shops that serve hot and cold drinks mostly in western U.S. states, is planning to offer 21.1 million shares priced at $18 to $20 each in its IPO, valuing the company at up to $3.3 billion.</p><p><blockquote>Dutch Bros Inc.是一家主要在美国西部各州提供冷热饮料的免下车商店运营商，计划在IPO中发行2110万股股票，每股价格为18至20美元，公司估值高达33亿美元。</blockquote></p><p> BofA Securities, JPMorgan and Jefferies are lead underwriters in a syndicate of 13 banks working on the deal. The company has applied to list on the New York Stock Exchange under the ticker symbol “BROS.”</p><p><blockquote>美国银行证券、摩根大通和杰富瑞是参与该交易的13家银行组成的财团的主承销商。该公司已申请在纽约证券交易所上市，股票代码为“BROS”。</blockquote></p><p> Proceeds are to be used to purchase additional Class A shares — the company is planning to have four classes of stock with differing voting rights. The company had a net loss of $13.6 million, or 32 cents a share, in the first six months of the year, narrower than the loss of $16.5 million, or 38 cents a share, posted in the year-earlier period. Revenue fell to $227.9 million from $327.4 million.</p><p><blockquote>所得款项将用于购买额外的A类股票——该公司计划拥有四类具有不同投票权的股票。该公司今年前六个月的净亏损为1,360万美元，即每股亏损32美分，低于去年同期的1,650万美元，即每股亏损38美分。收入从3.274亿美元降至2.279亿美元。</blockquote></p><p> <b>Rounding out the list are:</b></p><p><blockquote><b>名单上还有：</b></blockquote></p><p> •&nbsp;Definitive Healthcare Corp.,&nbsp;a Massachusetts-based provider of healthcare commercial intelligence, is planning to offer 15.56 million shares in its PO, which is expected to price between $21 and $24 a share. At that pricing, the company could be valued at up to $3.55 billion.</p><p><blockquote>•总部位于马萨诸塞州的医疗保健商业情报提供商Definitive Healthcare Corp.计划在其PO中发行1556万股股票，预计定价在每股21美元至24美元之间。按照这个定价，该公司的估值可能高达35.5亿美元。</blockquote></p><p></p><p> •&nbsp;Enact Holdings Inc., a mortgage insurer owned by Genworth, is planning to offer 13.3 million shares priced at $19 to $20 each. The company would be valued at $3.3 billion at the top of that range. The company said all shares will be sold by Genworth and it will not receive any proceeds. It has applied to list on Nasdaq under the ticker “ACT.” Goldman Sachs and JPMorgan are lead underwriters in a team of nine banks working on the deal.</p><p><blockquote>Genworth旗下的抵押贷款保险公司Enact Holdings Inc.计划发行1330万股股票，每股价格为19至20美元。该公司的估值为33亿美元，处于该范围的顶部。该公司表示，Genworth将出售所有股份，不会获得任何收益。它已申请在纳斯达克上市，股票代码为“ACT”。高盛和摩根大通是参与该交易的九家银行团队的主承销商。</blockquote></p><p> •&nbsp;ForgeRock<a href=\"https://www.marketwatch.com/investing/stock/FORG?mod=MW_story_quote&amp;mod=article_inline\" target=\"_blank\">,</a>&nbsp;a California-based identity security platform, is looking to raise up to $264 million with an offering of 11 million shares priced between $21 and $24 a share. That pricing would value the company a valuation of up to $1.91 billion.</p><p><blockquote>•锻造岩石<a href=\"https://www.marketwatch.com/investing/stock/FORG?mod=MW_story_quote&amp;mod=article_inline\" target=\"_blank\">,</a>一家总部位于加州的身份安全平台希望通过发行1100万股股票，每股价格在21美元至24美元之间，筹集至多2.64亿美元。该定价将使该公司估值高达19.1亿美元。</blockquote></p><p> The stock is expected to list on the NYSE under the ticker symbol “FORG.” Morgan Stanley and JPMorgan are the lead underwriters. The company recorded a net loss of $41.8 million on revenue of $127.6 million in 2020, after a loss of $36.9 million on revenue of $104.5 million in 2019.</p><p><blockquote>该股预计将在纽约证券交易所上市，股票代码为“FORG”。摩根士丹利和摩根大通是主承销商。该公司在2020年录得净亏损4180万美元，营收为1.276亿美元，而2019年营收为1.045亿美元，亏损3690万美元。</blockquote></p><p> <b>•</b>Dice Therapeutics&nbsp;is expected to raise up to $170 million at a valuation of up to $583 million and list on Nasdaq under the ticker symbol “DICE.” The biotech is developing therapies to treat chronic diseases in the field of immunology.</p><p><blockquote><b>•</b>Dice Therapeutics预计将以高达5.83亿美元的估值筹集至多1.7亿美元，并在纳斯达克上市，股票代码为“DICE”。该生物技术公司正在免疫学领域开发治疗慢性疾病的疗法。</blockquote></p><p> <b>•</b>Surgical robotics developer Procept BioRobotics,is aiming to raise up to $132 million at a valuation of about $1 billion with plans to list on Nasdaq under the ticker symbol “PRCT.” BofA Securities and Goldman Sachs are lead underwriters.</p><p><blockquote><b>•</b>手术机器人开发商Procept BioRobotics计划以约10亿美元的估值筹集至多1.32亿美元，并计划在纳斯达克上市，股票代码为“PRCT”。美银证券和高盛是主承销商。</blockquote></p><p> “We develop, manufacture and sell the AquaBeam Robotic System, an advanced, image-guided, surgical robotic system for use in minimally invasive urologic surgery with an initial focus on treating benign prostatic hyperplasia, or BPH,” the company says in its IPO documents.</p><p><blockquote>该公司在其IPO文件中表示：“我们开发、制造和销售AquaBeam机器人系统，这是一种先进的图像引导手术机器人系统，用于微创泌尿外科手术，最初重点是治疗良性前列腺增生（BPH）。”</blockquote></p><p> <b>•</b>Tyra Biosciences is aiming to raise $107.2 million in IPO proceeds at a valuation of $589 million. The biotech’s leading product candidate is a treatment for bladder cancer. It has applied to list on Nasdaq under the symbol “TYRA.”</p><p><blockquote><b>•</b>Tyra Biosciences的目标是通过IPO筹集1.072亿美元，估值为5.89亿美元。该生物技术公司的领先候选产品是膀胱癌的治疗方法。它已申请在纳斯达克上市，股票代码为“TYRA”。</blockquote></p><p> <b>•</b>EzFill Holdings, an app-based mobile fueling company in South Florida, is planning to raise $25 million at a valuation of $100 million. The company has applied to list on Nasdaq under the ticker symbol “EZFL.” ThinkEquity is sole underwriter.</p><p><blockquote><b>•</b>EzFill Holdings是一家位于南佛罗里达州的基于应用程序的移动加油公司，计划以1亿美元的估值筹集2500万美元。该公司已申请在纳斯达克上市，股票代码为“EZFL”。ThinkEquity是独家承销商。</blockquote></p><p> The Renaissance IPO ETF&nbsp;has gained 6% to date in 2021, while the S&amp;P 500&nbsp;has advanced 19%.</p><p><blockquote>2021年迄今为止，Renaissance IPO ETF已上涨6%，而标普500则上涨19%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/busy-ipo-market-this-week-may-make-2021-the-biggest-year-for-proceeds-and-break-previous-record-by-30-11631554372?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ONON":"On Holding AG",".IXIC":"NASDAQ Composite",".DJI":"道琼斯","DH":"Definitive Healthcare Corp.","DRNA":"Dicerna Pharmaceuticals, Inc.","PRCT":"PROCEPT BioRobotics","TYRA":"Tyra Biosciences, Inc.","FORG":"ForgeRock, Inc.",".SPX":"S&P 500 Index","TWKS":"Thoughtworks Holding Inc.","SRAD":"Sportradar Group AG","BROS":"Dutch Bros Inc."},"source_url":"https://www.marketwatch.com/story/busy-ipo-market-this-week-may-make-2021-the-biggest-year-for-proceeds-and-break-previous-record-by-30-11631554372?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160275332","content_text":"Swiss running-shoe company backed by Roger Federer and drive-through coffee chain expected to hit the market this week \nSwiss tennis giant Roger Federer is a backer of one of this week's bigger IPOs.\n\n\nAfter a flurry of initial-public-offering launches last week set the market up for a busy fall for deals, 11 are expected to price this week and raise more than $3 billion in proceeds. \n\nIf all deals materialize, it will make 2021 the biggest year for IPO proceeds ever, and shatter the previous record by about 30%, according to Bill Smith, founder and chief executive of Renaissance Capital, a provider of institutional research and exchange-traded funds oriented around IPOs. The market is expected to see some 375 deals for the year, raising $125 billion, according to Renaissance, beating the $97 billion raised in 2000 during the dot-com boom. \n\n“After the long summer break, this week is a litmus test for upcoming tech, biotech, and consumer IPOs,” Smith wrote in a market commentary. The list includes a Swiss running-shoe company backed by tennis giant Roger Federer, a drive-through coffee kiosk operator and a mortgage insurer that was spun out of insurer Genworth Financial. \n\nThe biggest deal of the week is expected to come from Thoughtworks,a Chicago-based technology consultancy that will go public at a valuation of up to $6.1 billion.\nThe company, which expects to change its name from Turing Holding Corp. to Thoughtworks with completion of the IPO, said a total of 36.84 million shares will be offered, split between the company and selling shareholders.\n\nThe deal is expected to price at between $18 and $20 a share, and the stock will trade on the Nasdaq under the ticker symbol “TWKS.” Goldman Sachs and JPMorgan are the lead underwriters. The company recorded net income of $79.3 million on revenue of $803.4 million in 2020, after income of $28.4 million on revenue of $772.2 million in 2019.\nThe Swiss athletic-footwear maker On Holding is expected to raise up to $622 million at a valuation of almost $6 billion. On has applied to list 31.1 million shares priced at $18 to $20 each on the New York Stock Exchange, under the ticker symbol “ONON.”\n\nGoldman Sachs, Morgan Stanley and Morgan Stanley are lead underwriters in a syndicate of nine banks on the On deal. Proceeds are to be used for general corporate purposes. The company has a line that it co-developed with Federer.\n\nThe company had net income of 3.8 million Swiss francs ($4.1 million) in the six months through June 30, after a loss of 33.1 million francs in the year-earlier period, according to its IPO documents. Sales came to 315.5 million francs, up from 170.9 million francs.\n\nAlso from Switzerland, sports betting site Sportrader Group AG plans to offer 19 million shares priced at $25 to $28 each, for a valuation of up to $31 billion. The company has applied to list on Nasdaq under the ticker symbol “SRAD.” JPMorgan, Morgan Stanley, Citigroup and UBS are lead underwriters in a syndicate of 13 banks working on the deal.\n\nProceeds are to be used for working capital and to spur growth. The company had a net profit of $29.9 million in the first six months of the year, on revenue of $321 million, according to its filing documents.\n\nDutch Bros Inc.,an operator of drive-through shops that serve hot and cold drinks mostly in western U.S. states, is planning to offer 21.1 million shares priced at $18 to $20 each in its IPO, valuing the company at up to $3.3 billion.\n\nBofA Securities, JPMorgan and Jefferies are lead underwriters in a syndicate of 13 banks working on the deal. The company has applied to list on the New York Stock Exchange under the ticker symbol “BROS.”\nProceeds are to be used to purchase additional Class A shares — the company is planning to have four classes of stock with differing voting rights. The company had a net loss of $13.6 million, or 32 cents a share, in the first six months of the year, narrower than the loss of $16.5 million, or 38 cents a share, posted in the year-earlier period. Revenue fell to $227.9 million from $327.4 million.\n\nRounding out the list are:\n• Definitive Healthcare Corp., a Massachusetts-based provider of healthcare commercial intelligence, is planning to offer 15.56 million shares in its PO, which is expected to price between $21 and $24 a share. At that pricing, the company could be valued at up to $3.55 billion.\n• Enact Holdings Inc., a mortgage insurer owned by Genworth, is planning to offer 13.3 million shares priced at $19 to $20 each. The company would be valued at $3.3 billion at the top of that range. The company said all shares will be sold by Genworth and it will not receive any proceeds. It has applied to list on Nasdaq under the ticker “ACT.” Goldman Sachs and JPMorgan are lead underwriters in a team of nine banks working on the deal.\n• ForgeRock, a California-based identity security platform, is looking to raise up to $264 million with an offering of 11 million shares priced between $21 and $24 a share. That pricing would value the company a valuation of up to $1.91 billion.\nThe stock is expected to list on the NYSE under the ticker symbol “FORG.” Morgan Stanley and JPMorgan are the lead underwriters. The company recorded a net loss of $41.8 million on revenue of $127.6 million in 2020, after a loss of $36.9 million on revenue of $104.5 million in 2019.\n•Dice Therapeutics is expected to raise up to $170 million at a valuation of up to $583 million and list on Nasdaq under the ticker symbol “DICE.” The biotech is developing therapies to treat chronic diseases in the field of immunology.\n•Surgical robotics developer Procept BioRobotics,is aiming to raise up to $132 million at a valuation of about $1 billion with plans to list on Nasdaq under the ticker symbol “PRCT.” BofA Securities and Goldman Sachs are lead underwriters.\n“We develop, manufacture and sell the AquaBeam Robotic System, an advanced, image-guided, surgical robotic system for use in minimally invasive urologic surgery with an initial focus on treating benign prostatic hyperplasia, or BPH,” the company says in its IPO documents.\n•Tyra Biosciences is aiming to raise $107.2 million in IPO proceeds at a valuation of $589 million. The biotech’s leading product candidate is a treatment for bladder cancer. It has applied to list on Nasdaq under the symbol “TYRA.”\n•EzFill Holdings, an app-based mobile fueling company in South Florida, is planning to raise $25 million at a valuation of $100 million. The company has applied to list on Nasdaq under the ticker symbol “EZFL.” ThinkEquity is sole underwriter.\nThe Renaissance IPO ETF has gained 6% to date in 2021, while the S&P 500 has advanced 19%.","news_type":1,"symbols_score_info":{"SRAD":0.9,".SPX":0.9,"TYRA":0.9,"DRNA":0.9,"FORG":0.9,"TWKS":0.9,"ACT.UK":0.9,"PRCT":0.9,".IXIC":0.9,"ONON":0.9,"DH":0.9,"BROS":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1247,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818461561,"gmtCreate":1630427487453,"gmtModify":1631886069002,"author":{"id":"3567477691365105","authorId":"3567477691365105","name":"Chiengcoco","avatar":"https://static.tigerbbs.com/57e1b744feb6b9e682c6d1bb7faeb020","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567477691365105","idStr":"3567477691365105"},"themes":[],"htmlText":"😊","listText":"😊","text":"😊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/818461561","repostId":"1166102613","repostType":4,"isVote":1,"tweetType":1,"viewCount":1586,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818139457,"gmtCreate":1630382210079,"gmtModify":1704959464071,"author":{"id":"3567477691365105","authorId":"3567477691365105","name":"Chiengcoco","avatar":"https://static.tigerbbs.com/57e1b744feb6b9e682c6d1bb7faeb020","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567477691365105","idStr":"3567477691365105"},"themes":[],"htmlText":"👌&nbsp;","listText":"👌&nbsp;","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/818139457","repostId":"1170371463","repostType":4,"repost":{"id":"1170371463","kind":"news","pubTimestamp":1630378945,"share":"https://www.laohu8.com/m/news/1170371463?lang=zh_CN&edition=full","pubTime":"2021-08-31 11:02","market":"us","language":"en","title":"Affirm Stock Jumps On Amazon \"Buy Now, Pay Later\" E-Commerce Deal<blockquote>Affirm股价因亚马逊“先买后付”电子商务交易而上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1170371463","media":"Investors","summary":"Shares in Affirm Holdings, Inc. soared in early trading on Monday amid the consumer financing firm's","content":"<p>Shares in&nbsp;<b><a href=\"https://laohu8.com/S/AFRM\">Affirm Holdings, Inc.</a></b> soared in early trading on Monday amid the consumer financing firm's new partnership with&nbsp;<b><a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a></b>. The boost for Affirm stock follows&nbsp;<b><a href=\"https://laohu8.com/S/SQ\">Square</a>'s</b> acquisition of Afterpay, which highlighted the growing role of buy now, pay later services at the point of sale.</p><p><blockquote>于<b><a href=\"https://laohu8.com/S/AFRM\">确认控股公司。</a></b>由于这家消费金融公司与<b><a href=\"https://laohu8.com/S/AMZN\">亚马逊</a></b>.Affirm股票的上涨随之而来<b><a href=\"https://laohu8.com/S/SQ\">平方</a>的</b>收购Afterpay，凸显了“先买后付”服务在销售点日益增长的作用。</blockquote></p><p> Affirm said after the market close on Friday that&nbsp;Amazon is testingAffirm's system of buy now, pay later — also known as BNPL installment payment plans — with some customers. The e-commerce giant plans to make Affirm's BNPL services more broadly available in the coming months.&nbsp;Online retailers generally pay BNPL companies transaction fees of 4% to 5%.</p><p><blockquote>Affirm周五收盘后表示，亚马逊正在与一些客户测试Affirm的“先买后付”系统（也称为BNPL分期付款计划）。这家电子商务巨头计划在未来几个月内更广泛地提供Affirm的BNPL服务，在线零售商一般向BNPL公司支付4%至5%的交易费用。</blockquote></p><p> \"Although it is difficult to forecast the exact impact of this partnership, our first back of the envelope 2022 estimate would be an annual total payment volume contribution of about $7.7 billion, with a potential revenue contribution of $385 million (potentially around 22% of AFRM),\" Deutsche Bank analyst Bryan Keane said in a report to clients. \"Since Amazon will likely bring material volumes, AMZN likely attained attractive pricing especially given the competition for a deal of this size.\"</p><p><blockquote>“虽然很难预测这种合作伙伴关系的确切影响，但我们对2022年的初步估计是年度总支付量贡献约为77亿美元，潜在收入贡献为3.85亿美元（可能约为AFRM的22%）），”德意志银行分析师布莱恩·基恩在给客户的一份报告中表示。“由于亚马逊可能会带来大量销量，亚马逊可能会获得有吸引力的定价，特别是考虑到如此规模的交易的竞争。”</blockquote></p><p> Affirm stock soared 47% to close at 99.59 on the&nbsp;stock market today. AFRM stock launched an initial public offering in January. Amazon stock climbed 2.2% to 3,421.57.</p><p><blockquote>Affirm股价今天在股市飙升47%，收于99.59点。AFRM股票于1月份进行了首次公开募股。亚马逊股价上涨2.2%，至3,421.57点。</blockquote></p><p> Affirm stock reports fiscal fourth-quarter earnings on Sept. 9.</p><p><blockquote>Affirm stock将于9月9日公布第四财季收益。</blockquote></p><p> Affirm also provides BNPL services to Amazon rival&nbsp;<b><a href=\"https://laohu8.com/S/WMT\">Wal-Mart</a></b>. BNPL services generally split payments into three or four equal installments over two months or less. Walmart and Affirm, though, stretch out some BNPL plans to 18 and 24 months.</p><p><blockquote>Affirm还向亚马逊竞争对手提供BNPL服务<b><a href=\"https://laohu8.com/S/WMT\">沃尔玛</a></b>.BNPL服务通常在两个月或更短的时间内将付款分成三次或四次等额分期付款。不过，沃尔玛和Affirm将一些BNPL计划延长至18个月和24个月。</blockquote></p><p> <b>Affirm Stock: Biggest Customer Is Peloton</b></p><p><blockquote><b>确认股票：最大客户是Peloton</b></blockquote></p><p> Consumers typically use BNPL installments when buying items such as electronics and furniture. BNPL service providers generally split payments into three or four equal installments. Consumers avoid interest and transaction fees if they pay on time.</p><p><blockquote>消费者在购买电子产品和家具等物品时通常使用BNPL分期付款。BNPL服务提供商通常将付款分为三期或四期等额分期付款。如果消费者按时付款，就可以避免利息和交易费用。</blockquote></p><p> Affirm's biggest customer has been home fitness giant<b>Peloton Interactive</b>(PTON), which makes pricey treadmills and stationary bikes. Other Affirm customers include<b><a href=\"https://laohu8.com/S/JWN\">Nordstrom</a></b>(JWN), privately held Neiman <a href=\"https://laohu8.com/S/MCS\">Marcus</a>,<b>Dick's Sporting Goods</b>(DKS), and<b><a href=\"https://laohu8.com/S/WSM\">Williams-Sonoma</a></b>(WSM).</p><p><blockquote>Affirm最大的客户是家庭健身巨头<b>Peloton互动</b>（PTON），生产昂贵的跑步机和固定自行车。其他Affirm客户包括<b><a href=\"https://laohu8.com/S/JWN\">诺德斯特龙</a></b>（JWN），私人控股内曼<a href=\"https://laohu8.com/S/MCS\">马库斯</a>,<b>迪克体育用品</b>（DKS），以及<b><a href=\"https://laohu8.com/S/WSM\">威廉姆斯-索诺玛</a></b>（WSM）。</blockquote></p><p> Square on Aug. 1 acquired Afterpay in a $29 billion all-stock deal. AFRM stock rose on the Square purchase of Afterpay on speculation it could also be a takeover target.</p><p><blockquote>Square于8月1日以290亿美元的全股票交易收购了Afterpay。AFRM股价因Square收购Afterpay而上涨，原因是人们猜测Afterpay也可能成为收购目标。</blockquote></p><p> As of Friday's market close, Affirm stock had aRelative Strength Ratingof only 13 out of a possible 99, according toIBD Stock Checkup.</p><p><blockquote>根据IBD Stock Checkup的数据，截至周五收盘，Affirm股票的相对强度评级仅为13分（满分为99分）。</blockquote></p><p></p>","source":"lsy1610449120050","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Affirm Stock Jumps On Amazon \"Buy Now, Pay Later\" E-Commerce Deal<blockquote>Affirm股价因亚马逊“先买后付”电子商务交易而上涨</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAffirm Stock Jumps On Amazon \"Buy Now, Pay Later\" E-Commerce Deal<blockquote>Affirm股价因亚马逊“先买后付”电子商务交易而上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Investors</strong><span class=\"h-time small\">2021-08-31 11:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Shares in&nbsp;<b><a href=\"https://laohu8.com/S/AFRM\">Affirm Holdings, Inc.</a></b> soared in early trading on Monday amid the consumer financing firm's new partnership with&nbsp;<b><a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a></b>. The boost for Affirm stock follows&nbsp;<b><a href=\"https://laohu8.com/S/SQ\">Square</a>'s</b> acquisition of Afterpay, which highlighted the growing role of buy now, pay later services at the point of sale.</p><p><blockquote>于<b><a href=\"https://laohu8.com/S/AFRM\">确认控股公司。</a></b>由于这家消费金融公司与<b><a href=\"https://laohu8.com/S/AMZN\">亚马逊</a></b>.Affirm股票的上涨随之而来<b><a href=\"https://laohu8.com/S/SQ\">平方</a>的</b>收购Afterpay，凸显了“先买后付”服务在销售点日益增长的作用。</blockquote></p><p> Affirm said after the market close on Friday that&nbsp;Amazon is testingAffirm's system of buy now, pay later — also known as BNPL installment payment plans — with some customers. The e-commerce giant plans to make Affirm's BNPL services more broadly available in the coming months.&nbsp;Online retailers generally pay BNPL companies transaction fees of 4% to 5%.</p><p><blockquote>Affirm周五收盘后表示，亚马逊正在与一些客户测试Affirm的“先买后付”系统（也称为BNPL分期付款计划）。这家电子商务巨头计划在未来几个月内更广泛地提供Affirm的BNPL服务，在线零售商一般向BNPL公司支付4%至5%的交易费用。</blockquote></p><p> \"Although it is difficult to forecast the exact impact of this partnership, our first back of the envelope 2022 estimate would be an annual total payment volume contribution of about $7.7 billion, with a potential revenue contribution of $385 million (potentially around 22% of AFRM),\" Deutsche Bank analyst Bryan Keane said in a report to clients. \"Since Amazon will likely bring material volumes, AMZN likely attained attractive pricing especially given the competition for a deal of this size.\"</p><p><blockquote>“虽然很难预测这种合作伙伴关系的确切影响，但我们对2022年的初步估计是年度总支付量贡献约为77亿美元，潜在收入贡献为3.85亿美元（可能约为AFRM的22%）），”德意志银行分析师布莱恩·基恩在给客户的一份报告中表示。“由于亚马逊可能会带来大量销量，亚马逊可能会获得有吸引力的定价，特别是考虑到如此规模的交易的竞争。”</blockquote></p><p> Affirm stock soared 47% to close at 99.59 on the&nbsp;stock market today. AFRM stock launched an initial public offering in January. Amazon stock climbed 2.2% to 3,421.57.</p><p><blockquote>Affirm股价今天在股市飙升47%，收于99.59点。AFRM股票于1月份进行了首次公开募股。亚马逊股价上涨2.2%，至3,421.57点。</blockquote></p><p> Affirm stock reports fiscal fourth-quarter earnings on Sept. 9.</p><p><blockquote>Affirm stock将于9月9日公布第四财季收益。</blockquote></p><p> Affirm also provides BNPL services to Amazon rival&nbsp;<b><a href=\"https://laohu8.com/S/WMT\">Wal-Mart</a></b>. BNPL services generally split payments into three or four equal installments over two months or less. Walmart and Affirm, though, stretch out some BNPL plans to 18 and 24 months.</p><p><blockquote>Affirm还向亚马逊竞争对手提供BNPL服务<b><a href=\"https://laohu8.com/S/WMT\">沃尔玛</a></b>.BNPL服务通常在两个月或更短的时间内将付款分成三次或四次等额分期付款。不过，沃尔玛和Affirm将一些BNPL计划延长至18个月和24个月。</blockquote></p><p> <b>Affirm Stock: Biggest Customer Is Peloton</b></p><p><blockquote><b>确认股票：最大客户是Peloton</b></blockquote></p><p> Consumers typically use BNPL installments when buying items such as electronics and furniture. BNPL service providers generally split payments into three or four equal installments. Consumers avoid interest and transaction fees if they pay on time.</p><p><blockquote>消费者在购买电子产品和家具等物品时通常使用BNPL分期付款。BNPL服务提供商通常将付款分为三期或四期等额分期付款。如果消费者按时付款，就可以避免利息和交易费用。</blockquote></p><p> Affirm's biggest customer has been home fitness giant<b>Peloton Interactive</b>(PTON), which makes pricey treadmills and stationary bikes. Other Affirm customers include<b><a href=\"https://laohu8.com/S/JWN\">Nordstrom</a></b>(JWN), privately held Neiman <a href=\"https://laohu8.com/S/MCS\">Marcus</a>,<b>Dick's Sporting Goods</b>(DKS), and<b><a href=\"https://laohu8.com/S/WSM\">Williams-Sonoma</a></b>(WSM).</p><p><blockquote>Affirm最大的客户是家庭健身巨头<b>Peloton互动</b>（PTON），生产昂贵的跑步机和固定自行车。其他Affirm客户包括<b><a href=\"https://laohu8.com/S/JWN\">诺德斯特龙</a></b>（JWN），私人控股内曼<a href=\"https://laohu8.com/S/MCS\">马库斯</a>,<b>迪克体育用品</b>（DKS），以及<b><a href=\"https://laohu8.com/S/WSM\">威廉姆斯-索诺玛</a></b>（WSM）。</blockquote></p><p> Square on Aug. 1 acquired Afterpay in a $29 billion all-stock deal. AFRM stock rose on the Square purchase of Afterpay on speculation it could also be a takeover target.</p><p><blockquote>Square于8月1日以290亿美元的全股票交易收购了Afterpay。AFRM股价因Square收购Afterpay而上涨，原因是人们猜测Afterpay也可能成为收购目标。</blockquote></p><p> As of Friday's market close, Affirm stock had aRelative Strength Ratingof only 13 out of a possible 99, according toIBD Stock Checkup.</p><p><blockquote>根据IBD Stock Checkup的数据，截至周五收盘，Affirm股票的相对强度评级仅为13分（满分为99分）。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.investors.com/news/technology/affirm-stock-jumps-on-amazon-buy-now-pay-later-ecommerce-deal/?src=A00220\">Investors</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AFRM":"Affirm Holdings, Inc.","AMZN":"亚马逊"},"source_url":"https://www.investors.com/news/technology/affirm-stock-jumps-on-amazon-buy-now-pay-later-ecommerce-deal/?src=A00220","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170371463","content_text":"Shares in Affirm Holdings, Inc. soared in early trading on Monday amid the consumer financing firm's new partnership with Amazon.com. The boost for Affirm stock follows Square's acquisition of Afterpay, which highlighted the growing role of buy now, pay later services at the point of sale.\nAffirm said after the market close on Friday that Amazon is testingAffirm's system of buy now, pay later — also known as BNPL installment payment plans — with some customers. The e-commerce giant plans to make Affirm's BNPL services more broadly available in the coming months. Online retailers generally pay BNPL companies transaction fees of 4% to 5%.\n\"Although it is difficult to forecast the exact impact of this partnership, our first back of the envelope 2022 estimate would be an annual total payment volume contribution of about $7.7 billion, with a potential revenue contribution of $385 million (potentially around 22% of AFRM),\" Deutsche Bank analyst Bryan Keane said in a report to clients. \"Since Amazon will likely bring material volumes, AMZN likely attained attractive pricing especially given the competition for a deal of this size.\"\nAffirm stock soared 47% to close at 99.59 on the stock market today. AFRM stock launched an initial public offering in January. Amazon stock climbed 2.2% to 3,421.57.\nAffirm stock reports fiscal fourth-quarter earnings on Sept. 9.\nAffirm also provides BNPL services to Amazon rival Wal-Mart. BNPL services generally split payments into three or four equal installments over two months or less. Walmart and Affirm, though, stretch out some BNPL plans to 18 and 24 months.\nAffirm Stock: Biggest Customer Is Peloton\nConsumers typically use BNPL installments when buying items such as electronics and furniture. BNPL service providers generally split payments into three or four equal installments. Consumers avoid interest and transaction fees if they pay on time.\nAffirm's biggest customer has been home fitness giantPeloton Interactive(PTON), which makes pricey treadmills and stationary bikes. Other Affirm customers includeNordstrom(JWN), privately held Neiman Marcus,Dick's Sporting Goods(DKS), andWilliams-Sonoma(WSM).\nSquare on Aug. 1 acquired Afterpay in a $29 billion all-stock deal. AFRM stock rose on the Square purchase of Afterpay on speculation it could also be a takeover target.\nAs of Friday's market close, Affirm stock had aRelative Strength Ratingof only 13 out of a possible 99, according toIBD Stock 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like&nbsp;","listText":"pls like&nbsp;","text":"pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/863468537","repostId":"1181941187","repostType":4,"repost":{"id":"1181941187","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1632410993,"share":"https://www.laohu8.com/m/news/1181941187?lang=zh_CN&edition=full","pubTime":"2021-09-23 23:29","market":"us","language":"en","title":"Remitly Global opens for trading at $53, up about 23% from IPO price<blockquote>Remitly Global开盘价为53美元，较IPO价格上涨约23%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1181941187","media":"Tiger Newspress","summary":"(Sept 23) Remitly Global, Inc. opens for trading at $53, up about 23% from IPO price.\nCompany & Tech","content":"<p>(Sept 23)&nbsp;<a href=\"https://laohu8.com/S/RELY\">Remitly Global, Inc.</a> opens for trading at $53, up about 23% from IPO price.</p><p><blockquote>（9月23日）<a href=\"https://laohu8.com/S/RELY\">汇款全球公司。</a>开盘价为53美元，较IPO价格上涨约23%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0e4f9fae02046c2dec20410744605a2c\" tg-width=\"903\" tg-height=\"560\" referrerpolicy=\"no-referrer\">Company &amp; Technology</p><p><blockquote>公司与技术</blockquote></p><p> Seattle, Washington-based Remitly was founded to develop a platform to enable people to send cross-border remittances more easily and at a lower cost than traditional banking service providers.</p><p><blockquote>总部位于华盛顿州西雅图的Remitly成立的目的是开发一个平台，使人们能够比传统银行服务提供商更轻松、成本更低地进行跨境汇款。</blockquote></p><p> Management is headed by co-founder, president and CEO Matthew Oppenheimer, who has been with the firm since inception and was previously employed by Barclays PLC(NYSE:BCS), a multinational bank.</p><p><blockquote>管理层由联合创始人、总裁兼首席执行官马修·奥本海默(Matthew Oppenheimer)领导，他自公司成立以来一直在公司工作，此前曾受雇于跨国银行巴克莱银行(Barclays PLC)(NYSE：BCS)。</blockquote></p><p> The company’s primary offerings include:</p><p><blockquote>该公司的主要产品包括：</blockquote></p><p> <ul>  <li>Mobile app</li>  <li>Website</li>  <li>Passbook KYC and identity verification</li> </ul> RELY's coverage map of send and receive countries is shown below:</p><p><blockquote><ul><li>移动应用程序</li><li>网站</li><li>存折KYC和身份验证</li></ul>RELY的发送和接收国家覆盖地图如下所示：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b7da41517703af76d2ad5767a6f62c3e\" tg-width=\"1280\" tg-height=\"610\" referrerpolicy=\"no-referrer\">Remitly has received at least $390 million in equity investment from investors including PayU Fintech Investments, Strips, Threshold Ventures, Generation IM Sustainable Solutions, and Trilogy Equity Partners.</p><p><blockquote>Remitly已从PayU Fintech Investments、Strips、Threshold Ventures、Generation IM Sustainable Solutions和Trilogy Equity Partners等投资者那里获得了至少3.9亿美元的股权投资。</blockquote></p><p> <b>Customer Acquisition</b></p><p><blockquote><b>客户获取</b></blockquote></p><p> The firm focuses its development efforts on the over 280 million immigrants and their families who seek to send and receive money worldwide.</p><p><blockquote>该公司的发展重点是超过2.8亿寻求在全球范围内汇款和收款的移民及其家人。</blockquote></p><p> 85% of the user base interacts primarily through its mobile application.</p><p><blockquote>85%的用户群主要通过其移动应用程序进行交互。</blockquote></p><p> Marketing expenses as a percentage of total revenue have dropped markedly as revenues have increased, as the figures below indicate:</p><p><blockquote>营销费用佔总收入的百分比随着收入的增加而显著下降，如下图所示：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/02aab34075357a711003ef9c015d8c91\" tg-width=\"613\" tg-height=\"303\" referrerpolicy=\"no-referrer\">The Marketing efficiency rate, defined as how many dollars of additional new revenue are generated by each dollar of Marketing spend, rose slightly to 1.9x in the most recent reporting period, as shown in the table below:</p><p><blockquote>营销效率率（定义为每美元营销支出产生多少美元的额外新收入）在最近的报告期内小幅上升至1.9倍，如下表所示：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/578ef0f05e558e837af9959d96e698ae\" tg-width=\"609\" tg-height=\"241\" referrerpolicy=\"no-referrer\">Market &amp; Competition</p><p><blockquote>市场与竞争</blockquote></p><p> According to a 2020 marketresearch reportby Allied Market Research, the global remittance market was an estimated $683 billion in 2018 and is forecast to reach $930 billion by 2026.</p><p><blockquote>根据Allied Market Research的2020年市场研究报告，2018年全球汇款市场估计为6830亿美元，预计到2026年将达到9300亿美元。</blockquote></p><p> This represents a forecast CAGR of 3.9% from 2019 to 2026.</p><p><blockquote>这意味着2019年至2026年的预测复合年增长率为3.9%。</blockquote></p><p> The main drivers for this expected growth are an increase in population migration and growth in business remittances and more businesses producing goods and services for export.</p><p><blockquote>这一预期增长的主要驱动力是人口迁移的增加、企业汇款的增长以及更多企业生产出口商品和服务。</blockquote></p><p> Also, the chart below indicates that the bank segment will continue to dominate the global remittance market, at least through 2026:</p><p><blockquote>此外，下图表明，至少到2026年，银行部门将继续主导全球汇款市场：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ac62350b35b880b02943827b083ac10f\" tg-width=\"1280\" tg-height=\"778\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> (Source)</p><p><blockquote>（资料来源）</blockquote></p><p> Major competitive or other industry participants by type include:</p><p><blockquote>按类型划分的主要竞争或其他行业参与者包括：</blockquote></p><p> <ul>  <li>Traditional providers and banks</li>  <li>Digital-first cross-border providers</li>  <li>Cryptocurrency systems</li>  <li>Person-to-person informal channels</li> </ul> <b>Financial Performance</b></p><p><blockquote><ul><li>传统提供商和银行</li><li>数字优先的跨境提供商</li><li>加密货币系统</li><li>个人对个人的非正式渠道</li></ul><b>财务表现</b></blockquote></p><p> Remitly’s recent financial results can be summarized as follows:</p><p><blockquote>Remitly最近的财务业绩可以总结如下：</blockquote></p><p> <ul>  <li>Sharply growing top line revenue</li>  <li>Increasing gross profit</li>  <li>Variable gross margin within a tight range</li>  <li>Reduced operating losses and negative operating margin</li>  <li>A sharp swing to positive cash flow from operations</li> </ul> Below are relevant financial results derived from the firm’s registration statement:</p><p><blockquote><ul><li>营收急剧增长</li><li>增加毛利</li><li>毛利率在狭窄范围内波动</li><li>营业亏损减少，营业利润率为负</li><li>运营现金流急剧转为正</li></ul>以下是来自公司注册声明的相关财务业绩：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/aa0ce70faef1b56c76c0740d90699667\" tg-width=\"609\" tg-height=\"618\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/fbe99db82b3de0dae05dd04c280ae89b\" tg-width=\"612\" tg-height=\"626\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5afee2a5147ec95f52a2d9c6c70566c0\" tg-width=\"614\" tg-height=\"615\" referrerpolicy=\"no-referrer\">As of June 30, 2021, Remitly had $173 million in cash and $134 million in total liabilities.</p><p><blockquote>截至2021年6月30日，Remitly拥有1.73亿美元现金和1.34亿美元总负债。</blockquote></p><p> Free cash flow during the twelve months ended June 30, 2021, was negative ($10.6 million).</p><p><blockquote>截至2021年6月30日的12个月内，自由现金流为负（1060万美元）。</blockquote></p><p> <b>IPO Details</b></p><p><blockquote><b>IPO详情</b></blockquote></p><p> RELY intends to sell 12.2 million shares of common stock at a proposed midpoint price of $40.00 per share for gross proceeds of approximately $487 million, not including the sale of customary underwriter options.</p><p><blockquote>RELY打算以每股40.00美元的拟议中中间价出售1220万股普通股，总收益约为4.87亿美元，不包括出售惯常承销商期权。</blockquote></p><p> Existing shareholder PayU Fintech has agreed to purchase shares of up to $25.0 million in a concurrent private placement at the IPO price.</p><p><blockquote>现有股东PayU Fintech已同意以IPO价格同时私募购买最多2500万美元的股票。</blockquote></p><p> Assuming a successful IPO at the midpoint of the proposed price range, the company’s enterprise value at IPO (ex-underwriter options) would approximate $6.0 billion.</p><p><blockquote>假设在拟议价格范围的中点成功IPO，该公司IPO时的企业价值（前承销商期权）将约为60亿美元。</blockquote></p><p></p><p> Excluding effects of underwriter options and private placement shares or restricted stock, if any, the float to outstanding shares ratio will be approximately 7.53%. A figure under 10% is generally considered a ‘low float’ stock which can be subject to significant price volatility.</p><p><blockquote>排除承销商期权和私募股份或限制性股票（如有）的影响，流通股与流通股比率约为7.53%。低于10%的数字通常被认为是“低流通量”股票，可能会受到价格大幅波动的影响。</blockquote></p><p> Per the firm’s most recent regulatory filing, it plans to use the net proceeds as follows:</p><p><blockquote>根据该公司最新的监管文件，它计划使用净收益如下：</blockquote></p><p>   We currently intend to use the net proceeds we receive from this offering and the private placement for working capital and other general corporate purposes, which may include marketing, technology and product development, geographic or product expansions, general and administrative matters, and capital expenditures. We may also use a portion of the net proceeds for the acquisition of, or investment in, technologies, solutions, or businesses that complement our business. However, we do not have agreements or commitments for any acquisitions or investments outside the ordinary course of business at this time.    (Source)  Management’s presentation of the company roadshow isavailable here.</p><p><blockquote>我们目前打算将本次发行和私募获得的净收益用于营运资金和其他一般公司用途，其中可能包括营销、技术和产品开发、地理或产品扩张、一般和行政事务以及资本支出。我们还可能将部分净收益用于收购或投资补充我们业务的技术、解决方案或业务。然而，我们目前没有任何正常业务过程之外的收购或投资的协议或承诺。（来源）管理层对公司路演的介绍可在此处获得。</blockquote></p><p> Regarding outstanding legal proceedings, management said the firm is not party to any legal or regulatory proceedings that would be material to its operations or financial condition.</p><p><blockquote>关于未决法律诉讼，管理层表示，该公司不参与任何对其运营或财务状况有重大影响的法律或监管诉讼。</blockquote></p><p> Listed bookrunners of the IPO are Goldman Sachs, J.P. Morgan, and other investment banks.</p><p><blockquote>此次IPO的上市账簿管理人包括高盛、摩根大通和其他投资银行。</blockquote></p><p> <b>Valuation Metrics</b></p><p><blockquote><b>估值指标</b></blockquote></p><p> Below is a table of the firm’s relevant capitalization and valuation metrics at IPO, excluding the effects of underwriter options:</p><p><blockquote>下表列出了该公司IPO时的相关资本化和估值指标，不包括承销商期权的影响：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/2c705850107b99d30d618d9c817fe019\" tg-width=\"610\" tg-height=\"709\" referrerpolicy=\"no-referrer\">As a reference, a potential partial public comparable would be PayPal (PYPL); shown below is a comparison of their primary valuation metrics:</p><p><blockquote>作为参考，潜在的部分上市可比公司是PayPal（PYPL）；下图是其主要估值指标的比较：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/04c287d0fe2fe1b0b983b6cb07ad4b59\" tg-width=\"611\" tg-height=\"359\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>Commentary</b></p><p><blockquote><b>评论</b></blockquote></p><p> RELY is seeking to go public in the U.S. to provide capital for its corporate expansion plans.</p><p><blockquote>RELY正在寻求在美国上市，为其企业扩张计划提供资金。</blockquote></p><p> The firm’s financials show strong top line revenue growth, reduced operating losses, and lowered negative operating margin and growing cash flow from operations.</p><p><blockquote>该公司的财务数据显示，营收增长强劲，运营亏损减少，负运营利润率降低，运营现金流不断增长。</blockquote></p><p> Free cash flow for the twelve months ended June 30, 2021, was negative ($10.6 million).</p><p><blockquote>截至2021年6月30日的12个月的自由现金流为负（1060万美元）。</blockquote></p><p> Marketing expenses as a percentage of total revenue have dropped as revenue has increased and its Marketing efficiency rate grew to 1.9x in the most recent report period.</p><p><blockquote>随着收入的增加，营销费用占总收入的百分比有所下降，其营销效率在最近的报告期内增长至1.9倍。</blockquote></p><p> The market opportunity for providing cross-border remittance services is very large and expected to grow as immigration continues to rise and businesses produce more goods for export.</p><p><blockquote>提供跨境汇款服务的市场机会非常大，预计随着移民持续增加和企业生产更多出口商品，市场机会还会增长。</blockquote></p><p> Goldman Sachs is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 39.5% since their IPO. This is a mid-tier performance for all major underwriters during the period.</p><p><blockquote>高盛是首席承销商，该公司在过去12个月内牵头的IPO自IPO以来的平均回报率为39.5%。这是期内所有主要承销商的中等表现。</blockquote></p><p> The primary risk to the company’s outlook is increased competition from cryptocurrency networks, although these networks have their own adoption hurdles and are still nascent.</p><p><blockquote>该公司前景的主要风险是来自加密货币网络的竞争加剧，尽管这些网络有自己的采用障碍，并且仍处于萌芽阶段。</blockquote></p><p> As for valuation, compared to PayPal, the firm’s revenue multiple expectation is higher, but RELY is also growing top line revenue at a much higher rate, although on a lower revenue base than PayPal.</p><p><blockquote>至于估值，与PayPal相比，该公司的收入倍数预期更高，但RELY的营收增长速度也高得多，尽管收入基础低于PayPal。</blockquote></p><p> RELY is clearly a fast-growing company that is approaching operating breakeven. However, the firm faces competition from fast-growing cryptocurrency networks which are making inroads into the traditional payment rails by companies such as Remitly.</p><p><blockquote>RELY显然是一家快速增长的公司，正在接近运营盈亏平衡。然而，该公司面临着来自快速增长的加密货币网络的竞争，Remitly等公司正在进军传统支付领域。</blockquote></p><p> I’m impressed by the firm’s growth but concerned as to whether that growth can continue at its present rate.</p><p><blockquote>我对公司的增长印象深刻，但担心这种增长是否能以目前的速度持续下去。</blockquote></p><p> RELY is probably a fine investment opportunity, but I'll watch the IPO from the sidelines.</p><p><blockquote>RELY可能是一个很好的投资机会，但我会袖手旁观IPO。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Remitly Global opens for trading at $53, up about 23% from IPO price<blockquote>Remitly Global开盘价为53美元，较IPO价格上涨约23%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRemitly Global opens for trading at $53, up about 23% from IPO price<blockquote>Remitly Global开盘价为53美元，较IPO价格上涨约23%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-09-23 23:29</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(Sept 23)&nbsp;<a href=\"https://laohu8.com/S/RELY\">Remitly Global, Inc.</a> opens for trading at $53, up about 23% from IPO price.</p><p><blockquote>（9月23日）<a href=\"https://laohu8.com/S/RELY\">汇款全球公司。</a>开盘价为53美元，较IPO价格上涨约23%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0e4f9fae02046c2dec20410744605a2c\" tg-width=\"903\" tg-height=\"560\" referrerpolicy=\"no-referrer\">Company &amp; Technology</p><p><blockquote>公司与技术</blockquote></p><p> Seattle, Washington-based Remitly was founded to develop a platform to enable people to send cross-border remittances more easily and at a lower cost than traditional banking service providers.</p><p><blockquote>总部位于华盛顿州西雅图的Remitly成立的目的是开发一个平台，使人们能够比传统银行服务提供商更轻松、成本更低地进行跨境汇款。</blockquote></p><p> Management is headed by co-founder, president and CEO Matthew Oppenheimer, who has been with the firm since inception and was previously employed by Barclays PLC(NYSE:BCS), a multinational bank.</p><p><blockquote>管理层由联合创始人、总裁兼首席执行官马修·奥本海默(Matthew Oppenheimer)领导，他自公司成立以来一直在公司工作，此前曾受雇于跨国银行巴克莱银行(Barclays PLC)(NYSE：BCS)。</blockquote></p><p> The company’s primary offerings include:</p><p><blockquote>该公司的主要产品包括：</blockquote></p><p> <ul>  <li>Mobile app</li>  <li>Website</li>  <li>Passbook KYC and identity verification</li> </ul> RELY's coverage map of send and receive countries is shown below:</p><p><blockquote><ul><li>移动应用程序</li><li>网站</li><li>存折KYC和身份验证</li></ul>RELY的发送和接收国家覆盖地图如下所示：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b7da41517703af76d2ad5767a6f62c3e\" tg-width=\"1280\" tg-height=\"610\" referrerpolicy=\"no-referrer\">Remitly has received at least $390 million in equity investment from investors including PayU Fintech Investments, Strips, Threshold Ventures, Generation IM Sustainable Solutions, and Trilogy Equity Partners.</p><p><blockquote>Remitly已从PayU Fintech Investments、Strips、Threshold Ventures、Generation IM Sustainable Solutions和Trilogy Equity Partners等投资者那里获得了至少3.9亿美元的股权投资。</blockquote></p><p> <b>Customer Acquisition</b></p><p><blockquote><b>客户获取</b></blockquote></p><p> The firm focuses its development efforts on the over 280 million immigrants and their families who seek to send and receive money worldwide.</p><p><blockquote>该公司的发展重点是超过2.8亿寻求在全球范围内汇款和收款的移民及其家人。</blockquote></p><p> 85% of the user base interacts primarily through its mobile application.</p><p><blockquote>85%的用户群主要通过其移动应用程序进行交互。</blockquote></p><p> Marketing expenses as a percentage of total revenue have dropped markedly as revenues have increased, as the figures below indicate:</p><p><blockquote>营销费用佔总收入的百分比随着收入的增加而显著下降，如下图所示：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/02aab34075357a711003ef9c015d8c91\" tg-width=\"613\" tg-height=\"303\" referrerpolicy=\"no-referrer\">The Marketing efficiency rate, defined as how many dollars of additional new revenue are generated by each dollar of Marketing spend, rose slightly to 1.9x in the most recent reporting period, as shown in the table below:</p><p><blockquote>营销效率率（定义为每美元营销支出产生多少美元的额外新收入）在最近的报告期内小幅上升至1.9倍，如下表所示：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/578ef0f05e558e837af9959d96e698ae\" tg-width=\"609\" tg-height=\"241\" referrerpolicy=\"no-referrer\">Market &amp; Competition</p><p><blockquote>市场与竞争</blockquote></p><p> According to a 2020 marketresearch reportby Allied Market Research, the global remittance market was an estimated $683 billion in 2018 and is forecast to reach $930 billion by 2026.</p><p><blockquote>根据Allied Market Research的2020年市场研究报告，2018年全球汇款市场估计为6830亿美元，预计到2026年将达到9300亿美元。</blockquote></p><p> This represents a forecast CAGR of 3.9% from 2019 to 2026.</p><p><blockquote>这意味着2019年至2026年的预测复合年增长率为3.9%。</blockquote></p><p> The main drivers for this expected growth are an increase in population migration and growth in business remittances and more businesses producing goods and services for export.</p><p><blockquote>这一预期增长的主要驱动力是人口迁移的增加、企业汇款的增长以及更多企业生产出口商品和服务。</blockquote></p><p> Also, the chart below indicates that the bank segment will continue to dominate the global remittance market, at least through 2026:</p><p><blockquote>此外，下图表明，至少到2026年，银行部门将继续主导全球汇款市场：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ac62350b35b880b02943827b083ac10f\" tg-width=\"1280\" tg-height=\"778\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> (Source)</p><p><blockquote>（资料来源）</blockquote></p><p> Major competitive or other industry participants by type include:</p><p><blockquote>按类型划分的主要竞争或其他行业参与者包括：</blockquote></p><p> <ul>  <li>Traditional providers and banks</li>  <li>Digital-first cross-border providers</li>  <li>Cryptocurrency systems</li>  <li>Person-to-person informal channels</li> </ul> <b>Financial Performance</b></p><p><blockquote><ul><li>传统提供商和银行</li><li>数字优先的跨境提供商</li><li>加密货币系统</li><li>个人对个人的非正式渠道</li></ul><b>财务表现</b></blockquote></p><p> Remitly’s recent financial results can be summarized as follows:</p><p><blockquote>Remitly最近的财务业绩可以总结如下：</blockquote></p><p> <ul>  <li>Sharply growing top line revenue</li>  <li>Increasing gross profit</li>  <li>Variable gross margin within a tight range</li>  <li>Reduced operating losses and negative operating margin</li>  <li>A sharp swing to positive cash flow from operations</li> </ul> Below are relevant financial results derived from the firm’s registration statement:</p><p><blockquote><ul><li>营收急剧增长</li><li>增加毛利</li><li>毛利率在狭窄范围内波动</li><li>营业亏损减少，营业利润率为负</li><li>运营现金流急剧转为正</li></ul>以下是来自公司注册声明的相关财务业绩：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/aa0ce70faef1b56c76c0740d90699667\" tg-width=\"609\" tg-height=\"618\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/fbe99db82b3de0dae05dd04c280ae89b\" tg-width=\"612\" tg-height=\"626\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5afee2a5147ec95f52a2d9c6c70566c0\" tg-width=\"614\" tg-height=\"615\" referrerpolicy=\"no-referrer\">As of June 30, 2021, Remitly had $173 million in cash and $134 million in total liabilities.</p><p><blockquote>截至2021年6月30日，Remitly拥有1.73亿美元现金和1.34亿美元总负债。</blockquote></p><p> Free cash flow during the twelve months ended June 30, 2021, was negative ($10.6 million).</p><p><blockquote>截至2021年6月30日的12个月内，自由现金流为负（1060万美元）。</blockquote></p><p> <b>IPO Details</b></p><p><blockquote><b>IPO详情</b></blockquote></p><p> RELY intends to sell 12.2 million shares of common stock at a proposed midpoint price of $40.00 per share for gross proceeds of approximately $487 million, not including the sale of customary underwriter options.</p><p><blockquote>RELY打算以每股40.00美元的拟议中中间价出售1220万股普通股，总收益约为4.87亿美元，不包括出售惯常承销商期权。</blockquote></p><p> Existing shareholder PayU Fintech has agreed to purchase shares of up to $25.0 million in a concurrent private placement at the IPO price.</p><p><blockquote>现有股东PayU Fintech已同意以IPO价格同时私募购买最多2500万美元的股票。</blockquote></p><p> Assuming a successful IPO at the midpoint of the proposed price range, the company’s enterprise value at IPO (ex-underwriter options) would approximate $6.0 billion.</p><p><blockquote>假设在拟议价格范围的中点成功IPO，该公司IPO时的企业价值（前承销商期权）将约为60亿美元。</blockquote></p><p></p><p> Excluding effects of underwriter options and private placement shares or restricted stock, if any, the float to outstanding shares ratio will be approximately 7.53%. A figure under 10% is generally considered a ‘low float’ stock which can be subject to significant price volatility.</p><p><blockquote>排除承销商期权和私募股份或限制性股票（如有）的影响，流通股与流通股比率约为7.53%。低于10%的数字通常被认为是“低流通量”股票，可能会受到价格大幅波动的影响。</blockquote></p><p> Per the firm’s most recent regulatory filing, it plans to use the net proceeds as follows:</p><p><blockquote>根据该公司最新的监管文件，它计划使用净收益如下：</blockquote></p><p>   We currently intend to use the net proceeds we receive from this offering and the private placement for working capital and other general corporate purposes, which may include marketing, technology and product development, geographic or product expansions, general and administrative matters, and capital expenditures. We may also use a portion of the net proceeds for the acquisition of, or investment in, technologies, solutions, or businesses that complement our business. However, we do not have agreements or commitments for any acquisitions or investments outside the ordinary course of business at this time.    (Source)  Management’s presentation of the company roadshow isavailable here.</p><p><blockquote>我们目前打算将本次发行和私募获得的净收益用于营运资金和其他一般公司用途，其中可能包括营销、技术和产品开发、地理或产品扩张、一般和行政事务以及资本支出。我们还可能将部分净收益用于收购或投资补充我们业务的技术、解决方案或业务。然而，我们目前没有任何正常业务过程之外的收购或投资的协议或承诺。（来源）管理层对公司路演的介绍可在此处获得。</blockquote></p><p> Regarding outstanding legal proceedings, management said the firm is not party to any legal or regulatory proceedings that would be material to its operations or financial condition.</p><p><blockquote>关于未决法律诉讼，管理层表示，该公司不参与任何对其运营或财务状况有重大影响的法律或监管诉讼。</blockquote></p><p> Listed bookrunners of the IPO are Goldman Sachs, J.P. Morgan, and other investment banks.</p><p><blockquote>此次IPO的上市账簿管理人包括高盛、摩根大通和其他投资银行。</blockquote></p><p> <b>Valuation Metrics</b></p><p><blockquote><b>估值指标</b></blockquote></p><p> Below is a table of the firm’s relevant capitalization and valuation metrics at IPO, excluding the effects of underwriter options:</p><p><blockquote>下表列出了该公司IPO时的相关资本化和估值指标，不包括承销商期权的影响：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/2c705850107b99d30d618d9c817fe019\" tg-width=\"610\" tg-height=\"709\" referrerpolicy=\"no-referrer\">As a reference, a potential partial public comparable would be PayPal (PYPL); shown below is a comparison of their primary valuation metrics:</p><p><blockquote>作为参考，潜在的部分上市可比公司是PayPal（PYPL）；下图是其主要估值指标的比较：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/04c287d0fe2fe1b0b983b6cb07ad4b59\" tg-width=\"611\" tg-height=\"359\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>Commentary</b></p><p><blockquote><b>评论</b></blockquote></p><p> RELY is seeking to go public in the U.S. to provide capital for its corporate expansion plans.</p><p><blockquote>RELY正在寻求在美国上市，为其企业扩张计划提供资金。</blockquote></p><p> The firm’s financials show strong top line revenue growth, reduced operating losses, and lowered negative operating margin and growing cash flow from operations.</p><p><blockquote>该公司的财务数据显示，营收增长强劲，运营亏损减少，负运营利润率降低，运营现金流不断增长。</blockquote></p><p> Free cash flow for the twelve months ended June 30, 2021, was negative ($10.6 million).</p><p><blockquote>截至2021年6月30日的12个月的自由现金流为负（1060万美元）。</blockquote></p><p> Marketing expenses as a percentage of total revenue have dropped as revenue has increased and its Marketing efficiency rate grew to 1.9x in the most recent report period.</p><p><blockquote>随着收入的增加，营销费用占总收入的百分比有所下降，其营销效率在最近的报告期内增长至1.9倍。</blockquote></p><p> The market opportunity for providing cross-border remittance services is very large and expected to grow as immigration continues to rise and businesses produce more goods for export.</p><p><blockquote>提供跨境汇款服务的市场机会非常大，预计随着移民持续增加和企业生产更多出口商品，市场机会还会增长。</blockquote></p><p> Goldman Sachs is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 39.5% since their IPO. This is a mid-tier performance for all major underwriters during the period.</p><p><blockquote>高盛是首席承销商，该公司在过去12个月内牵头的IPO自IPO以来的平均回报率为39.5%。这是期内所有主要承销商的中等表现。</blockquote></p><p> The primary risk to the company’s outlook is increased competition from cryptocurrency networks, although these networks have their own adoption hurdles and are still nascent.</p><p><blockquote>该公司前景的主要风险是来自加密货币网络的竞争加剧，尽管这些网络有自己的采用障碍，并且仍处于萌芽阶段。</blockquote></p><p> As for valuation, compared to PayPal, the firm’s revenue multiple expectation is higher, but RELY is also growing top line revenue at a much higher rate, although on a lower revenue base than PayPal.</p><p><blockquote>至于估值，与PayPal相比，该公司的收入倍数预期更高，但RELY的营收增长速度也高得多，尽管收入基础低于PayPal。</blockquote></p><p> RELY is clearly a fast-growing company that is approaching operating breakeven. However, the firm faces competition from fast-growing cryptocurrency networks which are making inroads into the traditional payment rails by companies such as Remitly.</p><p><blockquote>RELY显然是一家快速增长的公司，正在接近运营盈亏平衡。然而，该公司面临着来自快速增长的加密货币网络的竞争，Remitly等公司正在进军传统支付领域。</blockquote></p><p> I’m impressed by the firm’s growth but concerned as to whether that growth can continue at its present rate.</p><p><blockquote>我对公司的增长印象深刻，但担心这种增长是否能以目前的速度持续下去。</blockquote></p><p> RELY is probably a fine investment opportunity, but I'll watch the IPO from the sidelines.</p><p><blockquote>RELY可能是一个很好的投资机会，但我会袖手旁观IPO。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RELY":"Remitly Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181941187","content_text":"(Sept 23) Remitly Global, Inc. opens for trading at $53, up about 23% from IPO price.\nCompany & Technology\nSeattle, Washington-based Remitly was founded to develop a platform to enable people to send cross-border remittances more easily and at a lower cost than traditional banking service providers.\nManagement is headed by co-founder, president and CEO Matthew Oppenheimer, who has been with the firm since inception and was previously employed by Barclays PLC(NYSE:BCS), a multinational bank.\nThe company’s primary offerings include:\n\nMobile app\nWebsite\nPassbook KYC and identity verification\n\nRELY's coverage map of send and receive countries is shown below:\nRemitly has received at least $390 million in equity investment from investors including PayU Fintech Investments, Strips, Threshold Ventures, Generation IM Sustainable Solutions, and Trilogy Equity Partners.\nCustomer Acquisition\nThe firm focuses its development efforts on the over 280 million immigrants and their families who seek to send and receive money worldwide.\n85% of the user base interacts primarily through its mobile application.\nMarketing expenses as a percentage of total revenue have dropped markedly as revenues have increased, as the figures below indicate:\nThe Marketing efficiency rate, defined as how many dollars of additional new revenue are generated by each dollar of Marketing spend, rose slightly to 1.9x in the most recent reporting period, as shown in the table below:\nMarket & Competition\nAccording to a 2020 marketresearch reportby Allied Market Research, the global remittance market was an estimated $683 billion in 2018 and is forecast to reach $930 billion by 2026.\nThis represents a forecast CAGR of 3.9% from 2019 to 2026.\nThe main drivers for this expected growth are an increase in population migration and growth in business remittances and more businesses producing goods and services for export.\nAlso, the chart below indicates that the bank segment will continue to dominate the global remittance market, at least through 2026:\n\n(Source)\nMajor competitive or other industry participants by type include:\n\nTraditional providers and banks\nDigital-first cross-border providers\nCryptocurrency systems\nPerson-to-person informal channels\n\nFinancial Performance\nRemitly’s recent financial results can be summarized as follows:\n\nSharply growing top line revenue\nIncreasing gross profit\nVariable gross margin within a tight range\nReduced operating losses and negative operating margin\nA sharp swing to positive cash flow from operations\n\nBelow are relevant financial results derived from the firm’s registration statement:\nAs of June 30, 2021, Remitly had $173 million in cash and $134 million in total liabilities.\nFree cash flow during the twelve months ended June 30, 2021, was negative ($10.6 million).\nIPO Details\nRELY intends to sell 12.2 million shares of common stock at a proposed midpoint price of $40.00 per share for gross proceeds of approximately $487 million, not including the sale of customary underwriter options.\nExisting shareholder PayU Fintech has agreed to purchase shares of up to $25.0 million in a concurrent private placement at the IPO price.\nAssuming a successful IPO at the midpoint of the proposed price range, the company’s enterprise value at IPO (ex-underwriter options) would approximate $6.0 billion.\nExcluding effects of underwriter options and private placement shares or restricted stock, if any, the float to outstanding shares ratio will be approximately 7.53%. A figure under 10% is generally considered a ‘low float’ stock which can be subject to significant price volatility.\nPer the firm’s most recent regulatory filing, it plans to use the net proceeds as follows:\n\n We currently intend to use the net proceeds we receive from this offering and the private placement for working capital and other general corporate purposes, which may include marketing, technology and product development, geographic or product expansions, general and administrative matters, and capital expenditures. We may also use a portion of the net proceeds for the acquisition of, or investment in, technologies, solutions, or businesses that complement our business. However, we do not have agreements or commitments for any acquisitions or investments outside the ordinary course of business at this time.\n\n\n (Source)\n\nManagement’s presentation of the company roadshow isavailable here.\nRegarding outstanding legal proceedings, management said the firm is not party to any legal or regulatory proceedings that would be material to its operations or financial condition.\nListed bookrunners of the IPO are Goldman Sachs, J.P. Morgan, and other investment banks.\nValuation Metrics\nBelow is a table of the firm’s relevant capitalization and valuation metrics at IPO, excluding the effects of underwriter options:\nAs a reference, a potential partial public comparable would be PayPal (PYPL); shown below is a comparison of their primary valuation metrics:\n\nCommentary\nRELY is seeking to go public in the U.S. to provide capital for its corporate expansion plans.\nThe firm’s financials show strong top line revenue growth, reduced operating losses, and lowered negative operating margin and growing cash flow from operations.\nFree cash flow for the twelve months ended June 30, 2021, was negative ($10.6 million).\nMarketing expenses as a percentage of total revenue have dropped as revenue has increased and its Marketing efficiency rate grew to 1.9x in the most recent report period.\nThe market opportunity for providing cross-border remittance services is very large and expected to grow as immigration continues to rise and businesses produce more goods for export.\nGoldman Sachs is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 39.5% since their IPO. This is a mid-tier performance for all major underwriters during the period.\nThe primary risk to the company’s outlook is increased competition from cryptocurrency networks, although these networks have their own adoption hurdles and are still nascent.\nAs for valuation, compared to PayPal, the firm’s revenue multiple expectation is higher, but RELY is also growing top line revenue at a much higher rate, although on a lower revenue base than PayPal.\nRELY is clearly a fast-growing company that is approaching operating breakeven. However, the firm faces competition from fast-growing cryptocurrency networks which are making inroads into the traditional payment rails by companies such as Remitly.\nI’m impressed by the firm’s growth but concerned as to whether that growth can continue at its present rate.\nRELY is probably a fine investment opportunity, but I'll watch the IPO from the sidelines.","news_type":1,"symbols_score_info":{"RELY":0.9}},"isVote":1,"tweetType":1,"viewCount":2337,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":810471284,"gmtCreate":1629999055648,"gmtModify":1704954429688,"author":{"id":"3567477691365105","authorId":"3567477691365105","name":"Chiengcoco","avatar":"https://static.tigerbbs.com/57e1b744feb6b9e682c6d1bb7faeb020","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567477691365105","idStr":"3567477691365105"},"themes":[],"htmlText":"👍👍","listText":"👍👍","text":"👍👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/810471284","repostId":"1139424376","repostType":4,"isVote":1,"tweetType":1,"viewCount":614,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818461561,"gmtCreate":1630427487453,"gmtModify":1631886069002,"author":{"id":"3567477691365105","authorId":"3567477691365105","name":"Chiengcoco","avatar":"https://static.tigerbbs.com/57e1b744feb6b9e682c6d1bb7faeb020","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567477691365105","idStr":"3567477691365105"},"themes":[],"htmlText":"😊","listText":"😊","text":"😊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/818461561","repostId":"1166102613","repostType":4,"isVote":1,"tweetType":1,"viewCount":1586,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":811780745,"gmtCreate":1630352339787,"gmtModify":1704958906916,"author":{"id":"3567477691365105","authorId":"3567477691365105","name":"Chiengcoco","avatar":"https://static.tigerbbs.com/57e1b744feb6b9e682c6d1bb7faeb020","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567477691365105","idStr":"3567477691365105"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/811780745","repostId":"1117774965","repostType":4,"isVote":1,"tweetType":1,"viewCount":2544,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818139457,"gmtCreate":1630382210079,"gmtModify":1704959464071,"author":{"id":"3567477691365105","authorId":"3567477691365105","name":"Chiengcoco","avatar":"https://static.tigerbbs.com/57e1b744feb6b9e682c6d1bb7faeb020","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567477691365105","idStr":"3567477691365105"},"themes":[],"htmlText":"👌&nbsp;","listText":"👌&nbsp;","text":"👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/818139457","repostId":"1170371463","repostType":4,"repost":{"id":"1170371463","kind":"news","pubTimestamp":1630378945,"share":"https://www.laohu8.com/m/news/1170371463?lang=zh_CN&edition=full","pubTime":"2021-08-31 11:02","market":"us","language":"en","title":"Affirm Stock Jumps On Amazon \"Buy Now, Pay Later\" E-Commerce Deal<blockquote>Affirm股价因亚马逊“先买后付”电子商务交易而上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1170371463","media":"Investors","summary":"Shares in Affirm Holdings, Inc. soared in early trading on Monday amid the consumer financing firm's","content":"<p>Shares in&nbsp;<b><a href=\"https://laohu8.com/S/AFRM\">Affirm Holdings, Inc.</a></b> soared in early trading on Monday amid the consumer financing firm's new partnership with&nbsp;<b><a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a></b>. The boost for Affirm stock follows&nbsp;<b><a href=\"https://laohu8.com/S/SQ\">Square</a>'s</b> acquisition of Afterpay, which highlighted the growing role of buy now, pay later services at the point of sale.</p><p><blockquote>于<b><a href=\"https://laohu8.com/S/AFRM\">确认控股公司。</a></b>由于这家消费金融公司与<b><a href=\"https://laohu8.com/S/AMZN\">亚马逊</a></b>.Affirm股票的上涨随之而来<b><a href=\"https://laohu8.com/S/SQ\">平方</a>的</b>收购Afterpay，凸显了“先买后付”服务在销售点日益增长的作用。</blockquote></p><p> Affirm said after the market close on Friday that&nbsp;Amazon is testingAffirm's system of buy now, pay later — also known as BNPL installment payment plans — with some customers. The e-commerce giant plans to make Affirm's BNPL services more broadly available in the coming months.&nbsp;Online retailers generally pay BNPL companies transaction fees of 4% to 5%.</p><p><blockquote>Affirm周五收盘后表示，亚马逊正在与一些客户测试Affirm的“先买后付”系统（也称为BNPL分期付款计划）。这家电子商务巨头计划在未来几个月内更广泛地提供Affirm的BNPL服务，在线零售商一般向BNPL公司支付4%至5%的交易费用。</blockquote></p><p> \"Although it is difficult to forecast the exact impact of this partnership, our first back of the envelope 2022 estimate would be an annual total payment volume contribution of about $7.7 billion, with a potential revenue contribution of $385 million (potentially around 22% of AFRM),\" Deutsche Bank analyst Bryan Keane said in a report to clients. \"Since Amazon will likely bring material volumes, AMZN likely attained attractive pricing especially given the competition for a deal of this size.\"</p><p><blockquote>“虽然很难预测这种合作伙伴关系的确切影响，但我们对2022年的初步估计是年度总支付量贡献约为77亿美元，潜在收入贡献为3.85亿美元（可能约为AFRM的22%）），”德意志银行分析师布莱恩·基恩在给客户的一份报告中表示。“由于亚马逊可能会带来大量销量，亚马逊可能会获得有吸引力的定价，特别是考虑到如此规模的交易的竞争。”</blockquote></p><p> Affirm stock soared 47% to close at 99.59 on the&nbsp;stock market today. AFRM stock launched an initial public offering in January. Amazon stock climbed 2.2% to 3,421.57.</p><p><blockquote>Affirm股价今天在股市飙升47%，收于99.59点。AFRM股票于1月份进行了首次公开募股。亚马逊股价上涨2.2%，至3,421.57点。</blockquote></p><p> Affirm stock reports fiscal fourth-quarter earnings on Sept. 9.</p><p><blockquote>Affirm stock将于9月9日公布第四财季收益。</blockquote></p><p> Affirm also provides BNPL services to Amazon rival&nbsp;<b><a href=\"https://laohu8.com/S/WMT\">Wal-Mart</a></b>. BNPL services generally split payments into three or four equal installments over two months or less. Walmart and Affirm, though, stretch out some BNPL plans to 18 and 24 months.</p><p><blockquote>Affirm还向亚马逊竞争对手提供BNPL服务<b><a href=\"https://laohu8.com/S/WMT\">沃尔玛</a></b>.BNPL服务通常在两个月或更短的时间内将付款分成三次或四次等额分期付款。不过，沃尔玛和Affirm将一些BNPL计划延长至18个月和24个月。</blockquote></p><p> <b>Affirm Stock: Biggest Customer Is Peloton</b></p><p><blockquote><b>确认股票：最大客户是Peloton</b></blockquote></p><p> Consumers typically use BNPL installments when buying items such as electronics and furniture. BNPL service providers generally split payments into three or four equal installments. Consumers avoid interest and transaction fees if they pay on time.</p><p><blockquote>消费者在购买电子产品和家具等物品时通常使用BNPL分期付款。BNPL服务提供商通常将付款分为三期或四期等额分期付款。如果消费者按时付款，就可以避免利息和交易费用。</blockquote></p><p> Affirm's biggest customer has been home fitness giant<b>Peloton Interactive</b>(PTON), which makes pricey treadmills and stationary bikes. Other Affirm customers include<b><a href=\"https://laohu8.com/S/JWN\">Nordstrom</a></b>(JWN), privately held Neiman <a href=\"https://laohu8.com/S/MCS\">Marcus</a>,<b>Dick's Sporting Goods</b>(DKS), and<b><a href=\"https://laohu8.com/S/WSM\">Williams-Sonoma</a></b>(WSM).</p><p><blockquote>Affirm最大的客户是家庭健身巨头<b>Peloton互动</b>（PTON），生产昂贵的跑步机和固定自行车。其他Affirm客户包括<b><a href=\"https://laohu8.com/S/JWN\">诺德斯特龙</a></b>（JWN），私人控股内曼<a href=\"https://laohu8.com/S/MCS\">马库斯</a>,<b>迪克体育用品</b>（DKS），以及<b><a href=\"https://laohu8.com/S/WSM\">威廉姆斯-索诺玛</a></b>（WSM）。</blockquote></p><p> Square on Aug. 1 acquired Afterpay in a $29 billion all-stock deal. AFRM stock rose on the Square purchase of Afterpay on speculation it could also be a takeover target.</p><p><blockquote>Square于8月1日以290亿美元的全股票交易收购了Afterpay。AFRM股价因Square收购Afterpay而上涨，原因是人们猜测Afterpay也可能成为收购目标。</blockquote></p><p> As of Friday's market close, Affirm stock had aRelative Strength Ratingof only 13 out of a possible 99, according toIBD Stock Checkup.</p><p><blockquote>根据IBD Stock Checkup的数据，截至周五收盘，Affirm股票的相对强度评级仅为13分（满分为99分）。</blockquote></p><p></p>","source":"lsy1610449120050","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Affirm Stock Jumps On Amazon \"Buy Now, Pay Later\" E-Commerce Deal<blockquote>Affirm股价因亚马逊“先买后付”电子商务交易而上涨</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAffirm Stock Jumps On Amazon \"Buy Now, Pay Later\" E-Commerce Deal<blockquote>Affirm股价因亚马逊“先买后付”电子商务交易而上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Investors</strong><span class=\"h-time small\">2021-08-31 11:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Shares in&nbsp;<b><a href=\"https://laohu8.com/S/AFRM\">Affirm Holdings, Inc.</a></b> soared in early trading on Monday amid the consumer financing firm's new partnership with&nbsp;<b><a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a></b>. The boost for Affirm stock follows&nbsp;<b><a href=\"https://laohu8.com/S/SQ\">Square</a>'s</b> acquisition of Afterpay, which highlighted the growing role of buy now, pay later services at the point of sale.</p><p><blockquote>于<b><a href=\"https://laohu8.com/S/AFRM\">确认控股公司。</a></b>由于这家消费金融公司与<b><a href=\"https://laohu8.com/S/AMZN\">亚马逊</a></b>.Affirm股票的上涨随之而来<b><a href=\"https://laohu8.com/S/SQ\">平方</a>的</b>收购Afterpay，凸显了“先买后付”服务在销售点日益增长的作用。</blockquote></p><p> Affirm said after the market close on Friday that&nbsp;Amazon is testingAffirm's system of buy now, pay later — also known as BNPL installment payment plans — with some customers. The e-commerce giant plans to make Affirm's BNPL services more broadly available in the coming months.&nbsp;Online retailers generally pay BNPL companies transaction fees of 4% to 5%.</p><p><blockquote>Affirm周五收盘后表示，亚马逊正在与一些客户测试Affirm的“先买后付”系统（也称为BNPL分期付款计划）。这家电子商务巨头计划在未来几个月内更广泛地提供Affirm的BNPL服务，在线零售商一般向BNPL公司支付4%至5%的交易费用。</blockquote></p><p> \"Although it is difficult to forecast the exact impact of this partnership, our first back of the envelope 2022 estimate would be an annual total payment volume contribution of about $7.7 billion, with a potential revenue contribution of $385 million (potentially around 22% of AFRM),\" Deutsche Bank analyst Bryan Keane said in a report to clients. \"Since Amazon will likely bring material volumes, AMZN likely attained attractive pricing especially given the competition for a deal of this size.\"</p><p><blockquote>“虽然很难预测这种合作伙伴关系的确切影响，但我们对2022年的初步估计是年度总支付量贡献约为77亿美元，潜在收入贡献为3.85亿美元（可能约为AFRM的22%）），”德意志银行分析师布莱恩·基恩在给客户的一份报告中表示。“由于亚马逊可能会带来大量销量，亚马逊可能会获得有吸引力的定价，特别是考虑到如此规模的交易的竞争。”</blockquote></p><p> Affirm stock soared 47% to close at 99.59 on the&nbsp;stock market today. AFRM stock launched an initial public offering in January. Amazon stock climbed 2.2% to 3,421.57.</p><p><blockquote>Affirm股价今天在股市飙升47%，收于99.59点。AFRM股票于1月份进行了首次公开募股。亚马逊股价上涨2.2%，至3,421.57点。</blockquote></p><p> Affirm stock reports fiscal fourth-quarter earnings on Sept. 9.</p><p><blockquote>Affirm stock将于9月9日公布第四财季收益。</blockquote></p><p> Affirm also provides BNPL services to Amazon rival&nbsp;<b><a href=\"https://laohu8.com/S/WMT\">Wal-Mart</a></b>. BNPL services generally split payments into three or four equal installments over two months or less. Walmart and Affirm, though, stretch out some BNPL plans to 18 and 24 months.</p><p><blockquote>Affirm还向亚马逊竞争对手提供BNPL服务<b><a href=\"https://laohu8.com/S/WMT\">沃尔玛</a></b>.BNPL服务通常在两个月或更短的时间内将付款分成三次或四次等额分期付款。不过，沃尔玛和Affirm将一些BNPL计划延长至18个月和24个月。</blockquote></p><p> <b>Affirm Stock: Biggest Customer Is Peloton</b></p><p><blockquote><b>确认股票：最大客户是Peloton</b></blockquote></p><p> Consumers typically use BNPL installments when buying items such as electronics and furniture. BNPL service providers generally split payments into three or four equal installments. Consumers avoid interest and transaction fees if they pay on time.</p><p><blockquote>消费者在购买电子产品和家具等物品时通常使用BNPL分期付款。BNPL服务提供商通常将付款分为三期或四期等额分期付款。如果消费者按时付款，就可以避免利息和交易费用。</blockquote></p><p> Affirm's biggest customer has been home fitness giant<b>Peloton Interactive</b>(PTON), which makes pricey treadmills and stationary bikes. Other Affirm customers include<b><a href=\"https://laohu8.com/S/JWN\">Nordstrom</a></b>(JWN), privately held Neiman <a href=\"https://laohu8.com/S/MCS\">Marcus</a>,<b>Dick's Sporting Goods</b>(DKS), and<b><a href=\"https://laohu8.com/S/WSM\">Williams-Sonoma</a></b>(WSM).</p><p><blockquote>Affirm最大的客户是家庭健身巨头<b>Peloton互动</b>（PTON），生产昂贵的跑步机和固定自行车。其他Affirm客户包括<b><a href=\"https://laohu8.com/S/JWN\">诺德斯特龙</a></b>（JWN），私人控股内曼<a href=\"https://laohu8.com/S/MCS\">马库斯</a>,<b>迪克体育用品</b>（DKS），以及<b><a href=\"https://laohu8.com/S/WSM\">威廉姆斯-索诺玛</a></b>（WSM）。</blockquote></p><p> Square on Aug. 1 acquired Afterpay in a $29 billion all-stock deal. AFRM stock rose on the Square purchase of Afterpay on speculation it could also be a takeover target.</p><p><blockquote>Square于8月1日以290亿美元的全股票交易收购了Afterpay。AFRM股价因Square收购Afterpay而上涨，原因是人们猜测Afterpay也可能成为收购目标。</blockquote></p><p> As of Friday's market close, Affirm stock had aRelative Strength Ratingof only 13 out of a possible 99, according toIBD Stock Checkup.</p><p><blockquote>根据IBD Stock Checkup的数据，截至周五收盘，Affirm股票的相对强度评级仅为13分（满分为99分）。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.investors.com/news/technology/affirm-stock-jumps-on-amazon-buy-now-pay-later-ecommerce-deal/?src=A00220\">Investors</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AFRM":"Affirm Holdings, Inc.","AMZN":"亚马逊"},"source_url":"https://www.investors.com/news/technology/affirm-stock-jumps-on-amazon-buy-now-pay-later-ecommerce-deal/?src=A00220","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170371463","content_text":"Shares in Affirm Holdings, Inc. soared in early trading on Monday amid the consumer financing firm's new partnership with Amazon.com. The boost for Affirm stock follows Square's acquisition of Afterpay, which highlighted the growing role of buy now, pay later services at the point of sale.\nAffirm said after the market close on Friday that Amazon is testingAffirm's system of buy now, pay later — also known as BNPL installment payment plans — with some customers. The e-commerce giant plans to make Affirm's BNPL services more broadly available in the coming months. Online retailers generally pay BNPL companies transaction fees of 4% to 5%.\n\"Although it is difficult to forecast the exact impact of this partnership, our first back of the envelope 2022 estimate would be an annual total payment volume contribution of about $7.7 billion, with a potential revenue contribution of $385 million (potentially around 22% of AFRM),\" Deutsche Bank analyst Bryan Keane said in a report to clients. \"Since Amazon will likely bring material volumes, AMZN likely attained attractive pricing especially given the competition for a deal of this size.\"\nAffirm stock soared 47% to close at 99.59 on the stock market today. AFRM stock launched an initial public offering in January. Amazon stock climbed 2.2% to 3,421.57.\nAffirm stock reports fiscal fourth-quarter earnings on Sept. 9.\nAffirm also provides BNPL services to Amazon rival Wal-Mart. BNPL services generally split payments into three or four equal installments over two months or less. Walmart and Affirm, though, stretch out some BNPL plans to 18 and 24 months.\nAffirm Stock: Biggest Customer Is Peloton\nConsumers typically use BNPL installments when buying items such as electronics and furniture. BNPL service providers generally split payments into three or four equal installments. Consumers avoid interest and transaction fees if they pay on time.\nAffirm's biggest customer has been home fitness giantPeloton Interactive(PTON), which makes pricey treadmills and stationary bikes. Other Affirm customers includeNordstrom(JWN), privately held Neiman Marcus,Dick's Sporting Goods(DKS), andWilliams-Sonoma(WSM).\nSquare on Aug. 1 acquired Afterpay in a $29 billion all-stock deal. AFRM stock rose on the Square purchase of Afterpay on speculation it could also be a takeover target.\nAs of Friday's market close, Affirm stock had aRelative Strength Ratingof only 13 out of a possible 99, according toIBD Stock Checkup.","news_type":1,"symbols_score_info":{"SQ":0.9,"AMZN":0.9,"AFRM":0.9}},"isVote":1,"tweetType":1,"viewCount":1996,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":865588669,"gmtCreate":1633001320096,"gmtModify":1633001339958,"author":{"id":"3567477691365105","authorId":"3567477691365105","name":"Chiengcoco","avatar":"https://static.tigerbbs.com/57e1b744feb6b9e682c6d1bb7faeb020","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567477691365105","idStr":"3567477691365105"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>uppppppp","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>uppppppp","text":"$Tiger Brokers(TIGR)$uppppppp","images":[{"img":"https://static.tigerbbs.com/a404618ffa15cac34f95f121e08d0c02","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/865588669","isVote":1,"tweetType":1,"viewCount":1582,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":865580227,"gmtCreate":1633000808113,"gmtModify":1633000808350,"author":{"id":"3567477691365105","authorId":"3567477691365105","name":"Chiengcoco","avatar":"https://static.tigerbbs.com/57e1b744feb6b9e682c6d1bb7faeb020","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567477691365105","idStr":"3567477691365105"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>up ! up! up!","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>up ! up! up!","text":"$Tiger Brokers(TIGR)$up ! up! up!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/865580227","isVote":1,"tweetType":1,"viewCount":1339,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":865517651,"gmtCreate":1633000592592,"gmtModify":1633000592763,"author":{"id":"3567477691365105","authorId":"3567477691365105","name":"Chiengcoco","avatar":"https://static.tigerbbs.com/57e1b744feb6b9e682c6d1bb7faeb020","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567477691365105","idStr":"3567477691365105"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>up!up!up!","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>up!up!up!","text":"$Tiger Brokers(TIGR)$up!up!up!","images":[{"img":"https://static.tigerbbs.com/77a555a10e2b96dd65073147d4d6d1cd","width":"1080","height":"2687"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/865517651","isVote":1,"tweetType":1,"viewCount":1801,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":863468261,"gmtCreate":1632412986353,"gmtModify":1632729664030,"author":{"id":"3567477691365105","authorId":"3567477691365105","name":"Chiengcoco","avatar":"https://static.tigerbbs.com/57e1b744feb6b9e682c6d1bb7faeb020","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567477691365105","idStr":"3567477691365105"},"themes":[],"htmlText":"😊","listText":"😊","text":"😊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/863468261","repostId":"1181941187","repostType":4,"repost":{"id":"1181941187","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1632410993,"share":"https://www.laohu8.com/m/news/1181941187?lang=zh_CN&edition=full","pubTime":"2021-09-23 23:29","market":"us","language":"en","title":"Remitly Global opens for trading at $53, up about 23% from IPO price<blockquote>Remitly Global开盘价为53美元，较IPO价格上涨约23%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1181941187","media":"Tiger Newspress","summary":"(Sept 23) Remitly Global, Inc. opens for trading at $53, up about 23% from IPO price.\nCompany & Tech","content":"<p>(Sept 23)&nbsp;<a href=\"https://laohu8.com/S/RELY\">Remitly Global, Inc.</a> opens for trading at $53, up about 23% from IPO price.</p><p><blockquote>（9月23日）<a href=\"https://laohu8.com/S/RELY\">汇款全球公司。</a>开盘价为53美元，较IPO价格上涨约23%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0e4f9fae02046c2dec20410744605a2c\" tg-width=\"903\" tg-height=\"560\" referrerpolicy=\"no-referrer\">Company &amp; Technology</p><p><blockquote>公司与技术</blockquote></p><p> Seattle, Washington-based Remitly was founded to develop a platform to enable people to send cross-border remittances more easily and at a lower cost than traditional banking service providers.</p><p><blockquote>总部位于华盛顿州西雅图的Remitly成立的目的是开发一个平台，使人们能够比传统银行服务提供商更轻松、成本更低地进行跨境汇款。</blockquote></p><p> Management is headed by co-founder, president and CEO Matthew Oppenheimer, who has been with the firm since inception and was previously employed by Barclays PLC(NYSE:BCS), a multinational bank.</p><p><blockquote>管理层由联合创始人、总裁兼首席执行官马修·奥本海默(Matthew Oppenheimer)领导，他自公司成立以来一直在公司工作，此前曾受雇于跨国银行巴克莱银行(Barclays PLC)(NYSE：BCS)。</blockquote></p><p> The company’s primary offerings include:</p><p><blockquote>该公司的主要产品包括：</blockquote></p><p> <ul>  <li>Mobile app</li>  <li>Website</li>  <li>Passbook KYC and identity verification</li> </ul> RELY's coverage map of send and receive countries is shown below:</p><p><blockquote><ul><li>移动应用程序</li><li>网站</li><li>存折KYC和身份验证</li></ul>RELY的发送和接收国家覆盖地图如下所示：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b7da41517703af76d2ad5767a6f62c3e\" tg-width=\"1280\" tg-height=\"610\" referrerpolicy=\"no-referrer\">Remitly has received at least $390 million in equity investment from investors including PayU Fintech Investments, Strips, Threshold Ventures, Generation IM Sustainable Solutions, and Trilogy Equity Partners.</p><p><blockquote>Remitly已从PayU Fintech Investments、Strips、Threshold Ventures、Generation IM Sustainable Solutions和Trilogy Equity Partners等投资者那里获得了至少3.9亿美元的股权投资。</blockquote></p><p> <b>Customer Acquisition</b></p><p><blockquote><b>客户获取</b></blockquote></p><p> The firm focuses its development efforts on the over 280 million immigrants and their families who seek to send and receive money worldwide.</p><p><blockquote>该公司的发展重点是超过2.8亿寻求在全球范围内汇款和收款的移民及其家人。</blockquote></p><p> 85% of the user base interacts primarily through its mobile application.</p><p><blockquote>85%的用户群主要通过其移动应用程序进行交互。</blockquote></p><p> Marketing expenses as a percentage of total revenue have dropped markedly as revenues have increased, as the figures below indicate:</p><p><blockquote>营销费用佔总收入的百分比随着收入的增加而显著下降，如下图所示：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/02aab34075357a711003ef9c015d8c91\" tg-width=\"613\" tg-height=\"303\" referrerpolicy=\"no-referrer\">The Marketing efficiency rate, defined as how many dollars of additional new revenue are generated by each dollar of Marketing spend, rose slightly to 1.9x in the most recent reporting period, as shown in the table below:</p><p><blockquote>营销效率率（定义为每美元营销支出产生多少美元的额外新收入）在最近的报告期内小幅上升至1.9倍，如下表所示：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/578ef0f05e558e837af9959d96e698ae\" tg-width=\"609\" tg-height=\"241\" referrerpolicy=\"no-referrer\">Market &amp; Competition</p><p><blockquote>市场与竞争</blockquote></p><p> According to a 2020 marketresearch reportby Allied Market Research, the global remittance market was an estimated $683 billion in 2018 and is forecast to reach $930 billion by 2026.</p><p><blockquote>根据Allied Market Research的2020年市场研究报告，2018年全球汇款市场估计为6830亿美元，预计到2026年将达到9300亿美元。</blockquote></p><p> This represents a forecast CAGR of 3.9% from 2019 to 2026.</p><p><blockquote>这意味着2019年至2026年的预测复合年增长率为3.9%。</blockquote></p><p> The main drivers for this expected growth are an increase in population migration and growth in business remittances and more businesses producing goods and services for export.</p><p><blockquote>这一预期增长的主要驱动力是人口迁移的增加、企业汇款的增长以及更多企业生产出口商品和服务。</blockquote></p><p> Also, the chart below indicates that the bank segment will continue to dominate the global remittance market, at least through 2026:</p><p><blockquote>此外，下图表明，至少到2026年，银行部门将继续主导全球汇款市场：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ac62350b35b880b02943827b083ac10f\" tg-width=\"1280\" tg-height=\"778\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> (Source)</p><p><blockquote>（资料来源）</blockquote></p><p> Major competitive or other industry participants by type include:</p><p><blockquote>按类型划分的主要竞争或其他行业参与者包括：</blockquote></p><p> <ul>  <li>Traditional providers and banks</li>  <li>Digital-first cross-border providers</li>  <li>Cryptocurrency systems</li>  <li>Person-to-person informal channels</li> </ul> <b>Financial Performance</b></p><p><blockquote><ul><li>传统提供商和银行</li><li>数字优先的跨境提供商</li><li>加密货币系统</li><li>个人对个人的非正式渠道</li></ul><b>财务表现</b></blockquote></p><p> Remitly’s recent financial results can be summarized as follows:</p><p><blockquote>Remitly最近的财务业绩可以总结如下：</blockquote></p><p> <ul>  <li>Sharply growing top line revenue</li>  <li>Increasing gross profit</li>  <li>Variable gross margin within a tight range</li>  <li>Reduced operating losses and negative operating margin</li>  <li>A sharp swing to positive cash flow from operations</li> </ul> Below are relevant financial results derived from the firm’s registration statement:</p><p><blockquote><ul><li>营收急剧增长</li><li>增加毛利</li><li>毛利率在狭窄范围内波动</li><li>营业亏损减少，营业利润率为负</li><li>运营现金流急剧转为正</li></ul>以下是来自公司注册声明的相关财务业绩：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/aa0ce70faef1b56c76c0740d90699667\" tg-width=\"609\" tg-height=\"618\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/fbe99db82b3de0dae05dd04c280ae89b\" tg-width=\"612\" tg-height=\"626\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5afee2a5147ec95f52a2d9c6c70566c0\" tg-width=\"614\" tg-height=\"615\" referrerpolicy=\"no-referrer\">As of June 30, 2021, Remitly had $173 million in cash and $134 million in total liabilities.</p><p><blockquote>截至2021年6月30日，Remitly拥有1.73亿美元现金和1.34亿美元总负债。</blockquote></p><p> Free cash flow during the twelve months ended June 30, 2021, was negative ($10.6 million).</p><p><blockquote>截至2021年6月30日的12个月内，自由现金流为负（1060万美元）。</blockquote></p><p> <b>IPO Details</b></p><p><blockquote><b>IPO详情</b></blockquote></p><p> RELY intends to sell 12.2 million shares of common stock at a proposed midpoint price of $40.00 per share for gross proceeds of approximately $487 million, not including the sale of customary underwriter options.</p><p><blockquote>RELY打算以每股40.00美元的拟议中中间价出售1220万股普通股，总收益约为4.87亿美元，不包括出售惯常承销商期权。</blockquote></p><p> Existing shareholder PayU Fintech has agreed to purchase shares of up to $25.0 million in a concurrent private placement at the IPO price.</p><p><blockquote>现有股东PayU Fintech已同意以IPO价格同时私募购买最多2500万美元的股票。</blockquote></p><p> Assuming a successful IPO at the midpoint of the proposed price range, the company’s enterprise value at IPO (ex-underwriter options) would approximate $6.0 billion.</p><p><blockquote>假设在拟议价格范围的中点成功IPO，该公司IPO时的企业价值（前承销商期权）将约为60亿美元。</blockquote></p><p></p><p> Excluding effects of underwriter options and private placement shares or restricted stock, if any, the float to outstanding shares ratio will be approximately 7.53%. A figure under 10% is generally considered a ‘low float’ stock which can be subject to significant price volatility.</p><p><blockquote>排除承销商期权和私募股份或限制性股票（如有）的影响，流通股与流通股比率约为7.53%。低于10%的数字通常被认为是“低流通量”股票，可能会受到价格大幅波动的影响。</blockquote></p><p> Per the firm’s most recent regulatory filing, it plans to use the net proceeds as follows:</p><p><blockquote>根据该公司最新的监管文件，它计划使用净收益如下：</blockquote></p><p>   We currently intend to use the net proceeds we receive from this offering and the private placement for working capital and other general corporate purposes, which may include marketing, technology and product development, geographic or product expansions, general and administrative matters, and capital expenditures. We may also use a portion of the net proceeds for the acquisition of, or investment in, technologies, solutions, or businesses that complement our business. However, we do not have agreements or commitments for any acquisitions or investments outside the ordinary course of business at this time.    (Source)  Management’s presentation of the company roadshow isavailable here.</p><p><blockquote>我们目前打算将本次发行和私募获得的净收益用于营运资金和其他一般公司用途，其中可能包括营销、技术和产品开发、地理或产品扩张、一般和行政事务以及资本支出。我们还可能将部分净收益用于收购或投资补充我们业务的技术、解决方案或业务。然而，我们目前没有任何正常业务过程之外的收购或投资的协议或承诺。（来源）管理层对公司路演的介绍可在此处获得。</blockquote></p><p> Regarding outstanding legal proceedings, management said the firm is not party to any legal or regulatory proceedings that would be material to its operations or financial condition.</p><p><blockquote>关于未决法律诉讼，管理层表示，该公司不参与任何对其运营或财务状况有重大影响的法律或监管诉讼。</blockquote></p><p> Listed bookrunners of the IPO are Goldman Sachs, J.P. Morgan, and other investment banks.</p><p><blockquote>此次IPO的上市账簿管理人包括高盛、摩根大通和其他投资银行。</blockquote></p><p> <b>Valuation Metrics</b></p><p><blockquote><b>估值指标</b></blockquote></p><p> Below is a table of the firm’s relevant capitalization and valuation metrics at IPO, excluding the effects of underwriter options:</p><p><blockquote>下表列出了该公司IPO时的相关资本化和估值指标，不包括承销商期权的影响：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/2c705850107b99d30d618d9c817fe019\" tg-width=\"610\" tg-height=\"709\" referrerpolicy=\"no-referrer\">As a reference, a potential partial public comparable would be PayPal (PYPL); shown below is a comparison of their primary valuation metrics:</p><p><blockquote>作为参考，潜在的部分上市可比公司是PayPal（PYPL）；下图是其主要估值指标的比较：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/04c287d0fe2fe1b0b983b6cb07ad4b59\" tg-width=\"611\" tg-height=\"359\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>Commentary</b></p><p><blockquote><b>评论</b></blockquote></p><p> RELY is seeking to go public in the U.S. to provide capital for its corporate expansion plans.</p><p><blockquote>RELY正在寻求在美国上市，为其企业扩张计划提供资金。</blockquote></p><p> The firm’s financials show strong top line revenue growth, reduced operating losses, and lowered negative operating margin and growing cash flow from operations.</p><p><blockquote>该公司的财务数据显示，营收增长强劲，运营亏损减少，负运营利润率降低，运营现金流不断增长。</blockquote></p><p> Free cash flow for the twelve months ended June 30, 2021, was negative ($10.6 million).</p><p><blockquote>截至2021年6月30日的12个月的自由现金流为负（1060万美元）。</blockquote></p><p> Marketing expenses as a percentage of total revenue have dropped as revenue has increased and its Marketing efficiency rate grew to 1.9x in the most recent report period.</p><p><blockquote>随着收入的增加，营销费用占总收入的百分比有所下降，其营销效率在最近的报告期内增长至1.9倍。</blockquote></p><p> The market opportunity for providing cross-border remittance services is very large and expected to grow as immigration continues to rise and businesses produce more goods for export.</p><p><blockquote>提供跨境汇款服务的市场机会非常大，预计随着移民持续增加和企业生产更多出口商品，市场机会还会增长。</blockquote></p><p> Goldman Sachs is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 39.5% since their IPO. This is a mid-tier performance for all major underwriters during the period.</p><p><blockquote>高盛是首席承销商，该公司在过去12个月内牵头的IPO自IPO以来的平均回报率为39.5%。这是期内所有主要承销商的中等表现。</blockquote></p><p> The primary risk to the company’s outlook is increased competition from cryptocurrency networks, although these networks have their own adoption hurdles and are still nascent.</p><p><blockquote>该公司前景的主要风险是来自加密货币网络的竞争加剧，尽管这些网络有自己的采用障碍，并且仍处于萌芽阶段。</blockquote></p><p> As for valuation, compared to PayPal, the firm’s revenue multiple expectation is higher, but RELY is also growing top line revenue at a much higher rate, although on a lower revenue base than PayPal.</p><p><blockquote>至于估值，与PayPal相比，该公司的收入倍数预期更高，但RELY的营收增长速度也高得多，尽管收入基础低于PayPal。</blockquote></p><p> RELY is clearly a fast-growing company that is approaching operating breakeven. However, the firm faces competition from fast-growing cryptocurrency networks which are making inroads into the traditional payment rails by companies such as Remitly.</p><p><blockquote>RELY显然是一家快速增长的公司，正在接近运营盈亏平衡。然而，该公司面临着来自快速增长的加密货币网络的竞争，Remitly等公司正在进军传统支付领域。</blockquote></p><p> I’m impressed by the firm’s growth but concerned as to whether that growth can continue at its present rate.</p><p><blockquote>我对公司的增长印象深刻，但担心这种增长是否能以目前的速度持续下去。</blockquote></p><p> RELY is probably a fine investment opportunity, but I'll watch the IPO from the sidelines.</p><p><blockquote>RELY可能是一个很好的投资机会，但我会袖手旁观IPO。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Remitly Global opens for trading at $53, up about 23% from IPO price<blockquote>Remitly Global开盘价为53美元，较IPO价格上涨约23%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRemitly Global opens for trading at $53, up about 23% from IPO price<blockquote>Remitly Global开盘价为53美元，较IPO价格上涨约23%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-09-23 23:29</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(Sept 23)&nbsp;<a href=\"https://laohu8.com/S/RELY\">Remitly Global, Inc.</a> opens for trading at $53, up about 23% from IPO price.</p><p><blockquote>（9月23日）<a href=\"https://laohu8.com/S/RELY\">汇款全球公司。</a>开盘价为53美元，较IPO价格上涨约23%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0e4f9fae02046c2dec20410744605a2c\" tg-width=\"903\" tg-height=\"560\" referrerpolicy=\"no-referrer\">Company &amp; Technology</p><p><blockquote>公司与技术</blockquote></p><p> Seattle, Washington-based Remitly was founded to develop a platform to enable people to send cross-border remittances more easily and at a lower cost than traditional banking service providers.</p><p><blockquote>总部位于华盛顿州西雅图的Remitly成立的目的是开发一个平台，使人们能够比传统银行服务提供商更轻松、成本更低地进行跨境汇款。</blockquote></p><p> Management is headed by co-founder, president and CEO Matthew Oppenheimer, who has been with the firm since inception and was previously employed by Barclays PLC(NYSE:BCS), a multinational bank.</p><p><blockquote>管理层由联合创始人、总裁兼首席执行官马修·奥本海默(Matthew Oppenheimer)领导，他自公司成立以来一直在公司工作，此前曾受雇于跨国银行巴克莱银行(Barclays PLC)(NYSE：BCS)。</blockquote></p><p> The company’s primary offerings include:</p><p><blockquote>该公司的主要产品包括：</blockquote></p><p> <ul>  <li>Mobile app</li>  <li>Website</li>  <li>Passbook KYC and identity verification</li> </ul> RELY's coverage map of send and receive countries is shown below:</p><p><blockquote><ul><li>移动应用程序</li><li>网站</li><li>存折KYC和身份验证</li></ul>RELY的发送和接收国家覆盖地图如下所示：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/b7da41517703af76d2ad5767a6f62c3e\" tg-width=\"1280\" tg-height=\"610\" referrerpolicy=\"no-referrer\">Remitly has received at least $390 million in equity investment from investors including PayU Fintech Investments, Strips, Threshold Ventures, Generation IM Sustainable Solutions, and Trilogy Equity Partners.</p><p><blockquote>Remitly已从PayU Fintech Investments、Strips、Threshold Ventures、Generation IM Sustainable Solutions和Trilogy Equity Partners等投资者那里获得了至少3.9亿美元的股权投资。</blockquote></p><p> <b>Customer Acquisition</b></p><p><blockquote><b>客户获取</b></blockquote></p><p> The firm focuses its development efforts on the over 280 million immigrants and their families who seek to send and receive money worldwide.</p><p><blockquote>该公司的发展重点是超过2.8亿寻求在全球范围内汇款和收款的移民及其家人。</blockquote></p><p> 85% of the user base interacts primarily through its mobile application.</p><p><blockquote>85%的用户群主要通过其移动应用程序进行交互。</blockquote></p><p> Marketing expenses as a percentage of total revenue have dropped markedly as revenues have increased, as the figures below indicate:</p><p><blockquote>营销费用佔总收入的百分比随着收入的增加而显著下降，如下图所示：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/02aab34075357a711003ef9c015d8c91\" tg-width=\"613\" tg-height=\"303\" referrerpolicy=\"no-referrer\">The Marketing efficiency rate, defined as how many dollars of additional new revenue are generated by each dollar of Marketing spend, rose slightly to 1.9x in the most recent reporting period, as shown in the table below:</p><p><blockquote>营销效率率（定义为每美元营销支出产生多少美元的额外新收入）在最近的报告期内小幅上升至1.9倍，如下表所示：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/578ef0f05e558e837af9959d96e698ae\" tg-width=\"609\" tg-height=\"241\" referrerpolicy=\"no-referrer\">Market &amp; Competition</p><p><blockquote>市场与竞争</blockquote></p><p> According to a 2020 marketresearch reportby Allied Market Research, the global remittance market was an estimated $683 billion in 2018 and is forecast to reach $930 billion by 2026.</p><p><blockquote>根据Allied Market Research的2020年市场研究报告，2018年全球汇款市场估计为6830亿美元，预计到2026年将达到9300亿美元。</blockquote></p><p> This represents a forecast CAGR of 3.9% from 2019 to 2026.</p><p><blockquote>这意味着2019年至2026年的预测复合年增长率为3.9%。</blockquote></p><p> The main drivers for this expected growth are an increase in population migration and growth in business remittances and more businesses producing goods and services for export.</p><p><blockquote>这一预期增长的主要驱动力是人口迁移的增加、企业汇款的增长以及更多企业生产出口商品和服务。</blockquote></p><p> Also, the chart below indicates that the bank segment will continue to dominate the global remittance market, at least through 2026:</p><p><blockquote>此外，下图表明，至少到2026年，银行部门将继续主导全球汇款市场：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/ac62350b35b880b02943827b083ac10f\" tg-width=\"1280\" tg-height=\"778\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> (Source)</p><p><blockquote>（资料来源）</blockquote></p><p> Major competitive or other industry participants by type include:</p><p><blockquote>按类型划分的主要竞争或其他行业参与者包括：</blockquote></p><p> <ul>  <li>Traditional providers and banks</li>  <li>Digital-first cross-border providers</li>  <li>Cryptocurrency systems</li>  <li>Person-to-person informal channels</li> </ul> <b>Financial Performance</b></p><p><blockquote><ul><li>传统提供商和银行</li><li>数字优先的跨境提供商</li><li>加密货币系统</li><li>个人对个人的非正式渠道</li></ul><b>财务表现</b></blockquote></p><p> Remitly’s recent financial results can be summarized as follows:</p><p><blockquote>Remitly最近的财务业绩可以总结如下：</blockquote></p><p> <ul>  <li>Sharply growing top line revenue</li>  <li>Increasing gross profit</li>  <li>Variable gross margin within a tight range</li>  <li>Reduced operating losses and negative operating margin</li>  <li>A sharp swing to positive cash flow from operations</li> </ul> Below are relevant financial results derived from the firm’s registration statement:</p><p><blockquote><ul><li>营收急剧增长</li><li>增加毛利</li><li>毛利率在狭窄范围内波动</li><li>营业亏损减少，营业利润率为负</li><li>运营现金流急剧转为正</li></ul>以下是来自公司注册声明的相关财务业绩：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/aa0ce70faef1b56c76c0740d90699667\" tg-width=\"609\" tg-height=\"618\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/fbe99db82b3de0dae05dd04c280ae89b\" tg-width=\"612\" tg-height=\"626\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5afee2a5147ec95f52a2d9c6c70566c0\" tg-width=\"614\" tg-height=\"615\" referrerpolicy=\"no-referrer\">As of June 30, 2021, Remitly had $173 million in cash and $134 million in total liabilities.</p><p><blockquote>截至2021年6月30日，Remitly拥有1.73亿美元现金和1.34亿美元总负债。</blockquote></p><p> Free cash flow during the twelve months ended June 30, 2021, was negative ($10.6 million).</p><p><blockquote>截至2021年6月30日的12个月内，自由现金流为负（1060万美元）。</blockquote></p><p> <b>IPO Details</b></p><p><blockquote><b>IPO详情</b></blockquote></p><p> RELY intends to sell 12.2 million shares of common stock at a proposed midpoint price of $40.00 per share for gross proceeds of approximately $487 million, not including the sale of customary underwriter options.</p><p><blockquote>RELY打算以每股40.00美元的拟议中中间价出售1220万股普通股，总收益约为4.87亿美元，不包括出售惯常承销商期权。</blockquote></p><p> Existing shareholder PayU Fintech has agreed to purchase shares of up to $25.0 million in a concurrent private placement at the IPO price.</p><p><blockquote>现有股东PayU Fintech已同意以IPO价格同时私募购买最多2500万美元的股票。</blockquote></p><p> Assuming a successful IPO at the midpoint of the proposed price range, the company’s enterprise value at IPO (ex-underwriter options) would approximate $6.0 billion.</p><p><blockquote>假设在拟议价格范围的中点成功IPO，该公司IPO时的企业价值（前承销商期权）将约为60亿美元。</blockquote></p><p></p><p> Excluding effects of underwriter options and private placement shares or restricted stock, if any, the float to outstanding shares ratio will be approximately 7.53%. A figure under 10% is generally considered a ‘low float’ stock which can be subject to significant price volatility.</p><p><blockquote>排除承销商期权和私募股份或限制性股票（如有）的影响，流通股与流通股比率约为7.53%。低于10%的数字通常被认为是“低流通量”股票，可能会受到价格大幅波动的影响。</blockquote></p><p> Per the firm’s most recent regulatory filing, it plans to use the net proceeds as follows:</p><p><blockquote>根据该公司最新的监管文件，它计划使用净收益如下：</blockquote></p><p>   We currently intend to use the net proceeds we receive from this offering and the private placement for working capital and other general corporate purposes, which may include marketing, technology and product development, geographic or product expansions, general and administrative matters, and capital expenditures. We may also use a portion of the net proceeds for the acquisition of, or investment in, technologies, solutions, or businesses that complement our business. However, we do not have agreements or commitments for any acquisitions or investments outside the ordinary course of business at this time.    (Source)  Management’s presentation of the company roadshow isavailable here.</p><p><blockquote>我们目前打算将本次发行和私募获得的净收益用于营运资金和其他一般公司用途，其中可能包括营销、技术和产品开发、地理或产品扩张、一般和行政事务以及资本支出。我们还可能将部分净收益用于收购或投资补充我们业务的技术、解决方案或业务。然而，我们目前没有任何正常业务过程之外的收购或投资的协议或承诺。（来源）管理层对公司路演的介绍可在此处获得。</blockquote></p><p> Regarding outstanding legal proceedings, management said the firm is not party to any legal or regulatory proceedings that would be material to its operations or financial condition.</p><p><blockquote>关于未决法律诉讼，管理层表示，该公司不参与任何对其运营或财务状况有重大影响的法律或监管诉讼。</blockquote></p><p> Listed bookrunners of the IPO are Goldman Sachs, J.P. Morgan, and other investment banks.</p><p><blockquote>此次IPO的上市账簿管理人包括高盛、摩根大通和其他投资银行。</blockquote></p><p> <b>Valuation Metrics</b></p><p><blockquote><b>估值指标</b></blockquote></p><p> Below is a table of the firm’s relevant capitalization and valuation metrics at IPO, excluding the effects of underwriter options:</p><p><blockquote>下表列出了该公司IPO时的相关资本化和估值指标，不包括承销商期权的影响：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/2c705850107b99d30d618d9c817fe019\" tg-width=\"610\" tg-height=\"709\" referrerpolicy=\"no-referrer\">As a reference, a potential partial public comparable would be PayPal (PYPL); shown below is a comparison of their primary valuation metrics:</p><p><blockquote>作为参考，潜在的部分上市可比公司是PayPal（PYPL）；下图是其主要估值指标的比较：</blockquote></p><p> <img src=\"https://static.tigerbbs.com/04c287d0fe2fe1b0b983b6cb07ad4b59\" tg-width=\"611\" tg-height=\"359\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> <b>Commentary</b></p><p><blockquote><b>评论</b></blockquote></p><p> RELY is seeking to go public in the U.S. to provide capital for its corporate expansion plans.</p><p><blockquote>RELY正在寻求在美国上市，为其企业扩张计划提供资金。</blockquote></p><p> The firm’s financials show strong top line revenue growth, reduced operating losses, and lowered negative operating margin and growing cash flow from operations.</p><p><blockquote>该公司的财务数据显示，营收增长强劲，运营亏损减少，负运营利润率降低，运营现金流不断增长。</blockquote></p><p> Free cash flow for the twelve months ended June 30, 2021, was negative ($10.6 million).</p><p><blockquote>截至2021年6月30日的12个月的自由现金流为负（1060万美元）。</blockquote></p><p> Marketing expenses as a percentage of total revenue have dropped as revenue has increased and its Marketing efficiency rate grew to 1.9x in the most recent report period.</p><p><blockquote>随着收入的增加，营销费用占总收入的百分比有所下降，其营销效率在最近的报告期内增长至1.9倍。</blockquote></p><p> The market opportunity for providing cross-border remittance services is very large and expected to grow as immigration continues to rise and businesses produce more goods for export.</p><p><blockquote>提供跨境汇款服务的市场机会非常大，预计随着移民持续增加和企业生产更多出口商品，市场机会还会增长。</blockquote></p><p> Goldman Sachs is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 39.5% since their IPO. This is a mid-tier performance for all major underwriters during the period.</p><p><blockquote>高盛是首席承销商，该公司在过去12个月内牵头的IPO自IPO以来的平均回报率为39.5%。这是期内所有主要承销商的中等表现。</blockquote></p><p> The primary risk to the company’s outlook is increased competition from cryptocurrency networks, although these networks have their own adoption hurdles and are still nascent.</p><p><blockquote>该公司前景的主要风险是来自加密货币网络的竞争加剧，尽管这些网络有自己的采用障碍，并且仍处于萌芽阶段。</blockquote></p><p> As for valuation, compared to PayPal, the firm’s revenue multiple expectation is higher, but RELY is also growing top line revenue at a much higher rate, although on a lower revenue base than PayPal.</p><p><blockquote>至于估值，与PayPal相比，该公司的收入倍数预期更高，但RELY的营收增长速度也高得多，尽管收入基础低于PayPal。</blockquote></p><p> RELY is clearly a fast-growing company that is approaching operating breakeven. However, the firm faces competition from fast-growing cryptocurrency networks which are making inroads into the traditional payment rails by companies such as Remitly.</p><p><blockquote>RELY显然是一家快速增长的公司，正在接近运营盈亏平衡。然而，该公司面临着来自快速增长的加密货币网络的竞争，Remitly等公司正在进军传统支付领域。</blockquote></p><p> I’m impressed by the firm’s growth but concerned as to whether that growth can continue at its present rate.</p><p><blockquote>我对公司的增长印象深刻，但担心这种增长是否能以目前的速度持续下去。</blockquote></p><p> RELY is probably a fine investment opportunity, but I'll watch the IPO from the sidelines.</p><p><blockquote>RELY可能是一个很好的投资机会，但我会袖手旁观IPO。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RELY":"Remitly Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181941187","content_text":"(Sept 23) Remitly Global, Inc. opens for trading at $53, up about 23% from IPO price.\nCompany & Technology\nSeattle, Washington-based Remitly was founded to develop a platform to enable people to send cross-border remittances more easily and at a lower cost than traditional banking service providers.\nManagement is headed by co-founder, president and CEO Matthew Oppenheimer, who has been with the firm since inception and was previously employed by Barclays PLC(NYSE:BCS), a multinational bank.\nThe company’s primary offerings include:\n\nMobile app\nWebsite\nPassbook KYC and identity verification\n\nRELY's coverage map of send and receive countries is shown below:\nRemitly has received at least $390 million in equity investment from investors including PayU Fintech Investments, Strips, Threshold Ventures, Generation IM Sustainable Solutions, and Trilogy Equity Partners.\nCustomer Acquisition\nThe firm focuses its development efforts on the over 280 million immigrants and their families who seek to send and receive money worldwide.\n85% of the user base interacts primarily through its mobile application.\nMarketing expenses as a percentage of total revenue have dropped markedly as revenues have increased, as the figures below indicate:\nThe Marketing efficiency rate, defined as how many dollars of additional new revenue are generated by each dollar of Marketing spend, rose slightly to 1.9x in the most recent reporting period, as shown in the table below:\nMarket & Competition\nAccording to a 2020 marketresearch reportby Allied Market Research, the global remittance market was an estimated $683 billion in 2018 and is forecast to reach $930 billion by 2026.\nThis represents a forecast CAGR of 3.9% from 2019 to 2026.\nThe main drivers for this expected growth are an increase in population migration and growth in business remittances and more businesses producing goods and services for export.\nAlso, the chart below indicates that the bank segment will continue to dominate the global remittance market, at least through 2026:\n\n(Source)\nMajor competitive or other industry participants by type include:\n\nTraditional providers and banks\nDigital-first cross-border providers\nCryptocurrency systems\nPerson-to-person informal channels\n\nFinancial Performance\nRemitly’s recent financial results can be summarized as follows:\n\nSharply growing top line revenue\nIncreasing gross profit\nVariable gross margin within a tight range\nReduced operating losses and negative operating margin\nA sharp swing to positive cash flow from operations\n\nBelow are relevant financial results derived from the firm’s registration statement:\nAs of June 30, 2021, Remitly had $173 million in cash and $134 million in total liabilities.\nFree cash flow during the twelve months ended June 30, 2021, was negative ($10.6 million).\nIPO Details\nRELY intends to sell 12.2 million shares of common stock at a proposed midpoint price of $40.00 per share for gross proceeds of approximately $487 million, not including the sale of customary underwriter options.\nExisting shareholder PayU Fintech has agreed to purchase shares of up to $25.0 million in a concurrent private placement at the IPO price.\nAssuming a successful IPO at the midpoint of the proposed price range, the company’s enterprise value at IPO (ex-underwriter options) would approximate $6.0 billion.\nExcluding effects of underwriter options and private placement shares or restricted stock, if any, the float to outstanding shares ratio will be approximately 7.53%. A figure under 10% is generally considered a ‘low float’ stock which can be subject to significant price volatility.\nPer the firm’s most recent regulatory filing, it plans to use the net proceeds as follows:\n\n We currently intend to use the net proceeds we receive from this offering and the private placement for working capital and other general corporate purposes, which may include marketing, technology and product development, geographic or product expansions, general and administrative matters, and capital expenditures. We may also use a portion of the net proceeds for the acquisition of, or investment in, technologies, solutions, or businesses that complement our business. However, we do not have agreements or commitments for any acquisitions or investments outside the ordinary course of business at this time.\n\n\n (Source)\n\nManagement’s presentation of the company roadshow isavailable here.\nRegarding outstanding legal proceedings, management said the firm is not party to any legal or regulatory proceedings that would be material to its operations or financial condition.\nListed bookrunners of the IPO are Goldman Sachs, J.P. Morgan, and other investment banks.\nValuation Metrics\nBelow is a table of the firm’s relevant capitalization and valuation metrics at IPO, excluding the effects of underwriter options:\nAs a reference, a potential partial public comparable would be PayPal (PYPL); shown below is a comparison of their primary valuation metrics:\n\nCommentary\nRELY is seeking to go public in the U.S. to provide capital for its corporate expansion plans.\nThe firm’s financials show strong top line revenue growth, reduced operating losses, and lowered negative operating margin and growing cash flow from operations.\nFree cash flow for the twelve months ended June 30, 2021, was negative ($10.6 million).\nMarketing expenses as a percentage of total revenue have dropped as revenue has increased and its Marketing efficiency rate grew to 1.9x in the most recent report period.\nThe market opportunity for providing cross-border remittance services is very large and expected to grow as immigration continues to rise and businesses produce more goods for export.\nGoldman Sachs is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 39.5% since their IPO. This is a mid-tier performance for all major underwriters during the period.\nThe primary risk to the company’s outlook is increased competition from cryptocurrency networks, although these networks have their own adoption hurdles and are still nascent.\nAs for valuation, compared to PayPal, the firm’s revenue multiple expectation is higher, but RELY is also growing top line revenue at a much higher rate, although on a lower revenue base than PayPal.\nRELY is clearly a fast-growing company that is approaching operating breakeven. However, the firm faces competition from fast-growing cryptocurrency networks which are making inroads into the traditional payment rails by companies such as Remitly.\nI’m impressed by the firm’s growth but concerned as to whether that growth can continue at its present rate.\nRELY is probably a fine investment opportunity, but I'll watch the IPO from the sidelines.","news_type":1,"symbols_score_info":{"RELY":0.9}},"isVote":1,"tweetType":1,"viewCount":2324,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":885841855,"gmtCreate":1631779736277,"gmtModify":1631886068990,"author":{"id":"3567477691365105","authorId":"3567477691365105","name":"Chiengcoco","avatar":"https://static.tigerbbs.com/57e1b744feb6b9e682c6d1bb7faeb020","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567477691365105","idStr":"3567477691365105"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/885841855","repostId":"1160275332","repostType":2,"repost":{"id":"1160275332","kind":"news","pubTimestamp":1631604098,"share":"https://www.laohu8.com/m/news/1160275332?lang=zh_CN&edition=full","pubTime":"2021-09-14 15:21","market":"us","language":"en","title":"Busy IPO market this week poised to make 2021 the biggest year ever by proceeds<blockquote>本周繁忙的IPO市场有望使2021年成为有史以来收益最大的一年</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1160275332","media":"MarketWatch","summary":"Swiss running-shoe company backed by Roger Federer and drive-through coffee chain expected to hit th","content":"<p>Swiss running-shoe company backed by Roger Federer and drive-through coffee chain expected to hit the market this week </p><p><blockquote>罗杰·费德勒支持的瑞士跑鞋公司和得来速咖啡连锁店预计将于本周上市</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/18111af5f5bda21b3128860fe616c5ca\" tg-width=\"700\" tg-height=\"467\" width=\"100%\" height=\"auto\"><span>Swiss tennis giant Roger Federer is a backer of one of this week's bigger IPOs.</span></p><p><blockquote><p class=\"t-img-caption\"><span>瑞士网球巨头罗杰·费德勒是本周最大IPO之一的支持者。</span></p></blockquote></p><p> After a flurry of initial-public-offering launches last week&nbsp;set the market up for a busy fall for deals, 11 are expected to price this week and raise more than $3 billion in proceeds. </p><p><blockquote>上周一系列首次公开募股引发市场交易繁忙，预计本周将有11家公司定价，筹集超过30亿美元的资金。</blockquote></p><p> If all deals materialize, it will make 2021 the biggest year for IPO proceeds ever, and shatter the previous record by about 30%, according to Bill Smith, founder and chief executive of Renaissance Capital, a provider of institutional research and exchange-traded funds oriented around IPOs. The market is expected to see some 375 deals for the year, raising $125 billion, according to Renaissance, beating the $97 billion raised in 2000 during the dot-com boom. </p><p><blockquote>机构研究和交易所交易基金提供商Renaissance Capital创始人兼首席执行官比尔·史密斯(Bill Smith)表示，如果所有交易都实现，2021年将成为有史以来IPO收益最大的一年，并将之前的记录打破约30%。以IPO为导向的基金。据Renaissance称，预计今年市场将出现约375笔交易，筹集1250亿美元，超过2000年互联网繁荣期间筹集的970亿美元。</blockquote></p><p> “After the long summer break, this week is a litmus test for upcoming tech, biotech, and consumer IPOs,” Smith wrote in a market commentary. The list includes a Swiss running-shoe company backed by tennis giant Roger Federer, a drive-through coffee kiosk operator and a mortgage insurer that was spun out of insurer Genworth Financial. </p><p><blockquote>史密斯在市场评论中写道：“在漫长的暑假之后，本周是即将到来的科技、生物技术和消费者IPO的试金石。”该名单包括一家由网球巨头罗杰·费德勒支持的瑞士跑鞋公司、一家得来速咖啡亭运营商以及一家从保险公司Genworth Financial分拆出来的抵押贷款保险公司。</blockquote></p><p> The biggest deal of the week is expected to come from Thoughtworks,a Chicago-based technology consultancy that will go public at a valuation of up to $6.1 billion.</p><p><blockquote>本周最大的交易预计将来自总部位于芝加哥的技术咨询公司Thoughtworks，该公司将以高达61亿美元的估值上市。</blockquote></p><p> The company, which expects to change its name from Turing Holding Corp. to Thoughtworks with completion of the IPO, said a total of 36.84 million shares will be offered, split between the company and selling shareholders.</p><p><blockquote>该公司预计在IPO完成后将更名从Turing Holding Corp.更名为Thoughtworks，并表示将发行总计3684万股股票，由公司和出售股东分配。</blockquote></p><p> The deal is expected to price at between $18 and $20 a share, and the stock will trade on the Nasdaq under the ticker symbol “TWKS.” Goldman Sachs and JPMorgan are the lead underwriters. The company recorded net income of $79.3 million on revenue of $803.4 million in 2020, after income of $28.4 million on revenue of $772.2 million in 2019.</p><p><blockquote>这笔交易预计价格为每股18美元至20美元，股票将在纳斯达克交易，股票代码为“TWKS”。高盛和摩根大通是主承销商。本公司于2020年录得净收入79.3百万美元，收入为8.03.4百万美元，二零一九年录得7.72.2百万美元后，收入净额为2840万美元。</blockquote></p><p> The Swiss athletic-footwear maker On Holding&nbsp;is expected to raise up to $622 million at a valuation of almost $6 billion. On has applied to list 31.1 million shares priced at $18 to $20 each on the New York Stock Exchange, under the ticker symbol “ONON.”</p><p><blockquote>这家持有股份的瑞士运动鞋制造商预计将以近60亿美元的估值筹集至多6.22亿美元。On已申请在纽约证券交易所上市3110万股，每股价格为18至20美元，股票代码为“ONON”。</blockquote></p><p> Goldman Sachs, Morgan Stanley and Morgan Stanley are lead underwriters in a syndicate of nine banks on the On deal. Proceeds are to be used for general corporate purposes. The company has a line that it co-developed with Federer.</p><p><blockquote>高盛、摩根士丹利和摩根士丹利是此次交易的九家银行组成的银团的主承销商。收益将用于一般公司用途。该公司有一条与费德勒共同开发的生产线。</blockquote></p><p> The company had net income of 3.8 million Swiss francs ($4.1 million) in the six months through June 30, after a loss of 33.1 million francs in the year-earlier period,&nbsp;according to its IPO documents.&nbsp;Sales came to 315.5 million francs, up from 170.9 million francs.</p><p><blockquote>根据其IPO文件，在截至6月30日的六个月中，该公司的净利润为380万瑞士法郎（合410万美元），而上年同期为亏损3310万瑞士法郎，而去年同期的销售额为3.155亿瑞士法郎，高于1.709亿瑞士法郎。</blockquote></p><p> Also from Switzerland, sports betting site Sportrader Group AG&nbsp;plans to offer 19 million shares priced at $25 to $28 each, for a valuation of up to $31 billion. The company has applied to list on Nasdaq under the ticker symbol “SRAD.” JPMorgan, Morgan Stanley, Citigroup and UBS are lead underwriters in a syndicate of 13 banks working on the deal.</p><p><blockquote>同样来自瑞士的体育博彩网站Sportrader Group AG计划以每股25至28美元的价格发行1900万股股票，估值高达310亿美元。该公司已申请在纳斯达克上市，股票代码为“SRAD”。摩根大通、摩根士丹利、花旗集团和瑞银是参与该交易的13家银行组成的银团的主承销商。</blockquote></p><p> Proceeds are to be used for working capital and to spur growth. The company had a net profit of $29.9 million in the first six months of the year, on revenue of $321 million,&nbsp;according to its filing documents.</p><p><blockquote>收益将用于营运资金和刺激增长。根据其备案文件，该公司今年前六个月净利润为2990万美元，营收为3.21亿美元。</blockquote></p><p> Dutch Bros Inc.,an operator of drive-through shops that serve hot and cold drinks mostly in western U.S. states, is planning to offer 21.1 million shares priced at $18 to $20 each in its IPO, valuing the company at up to $3.3 billion.</p><p><blockquote>Dutch Bros Inc.是一家主要在美国西部各州提供冷热饮料的免下车商店运营商，计划在IPO中发行2110万股股票，每股价格为18至20美元，公司估值高达33亿美元。</blockquote></p><p> BofA Securities, JPMorgan and Jefferies are lead underwriters in a syndicate of 13 banks working on the deal. The company has applied to list on the New York Stock Exchange under the ticker symbol “BROS.”</p><p><blockquote>美国银行证券、摩根大通和杰富瑞是参与该交易的13家银行组成的财团的主承销商。该公司已申请在纽约证券交易所上市，股票代码为“BROS”。</blockquote></p><p> Proceeds are to be used to purchase additional Class A shares — the company is planning to have four classes of stock with differing voting rights. The company had a net loss of $13.6 million, or 32 cents a share, in the first six months of the year, narrower than the loss of $16.5 million, or 38 cents a share, posted in the year-earlier period. Revenue fell to $227.9 million from $327.4 million.</p><p><blockquote>所得款项将用于购买额外的A类股票——该公司计划拥有四类具有不同投票权的股票。该公司今年前六个月的净亏损为1,360万美元，即每股亏损32美分，低于去年同期的1,650万美元，即每股亏损38美分。收入从3.274亿美元降至2.279亿美元。</blockquote></p><p> <b>Rounding out the list are:</b></p><p><blockquote><b>名单上还有：</b></blockquote></p><p> •&nbsp;Definitive Healthcare Corp.,&nbsp;a Massachusetts-based provider of healthcare commercial intelligence, is planning to offer 15.56 million shares in its PO, which is expected to price between $21 and $24 a share. At that pricing, the company could be valued at up to $3.55 billion.</p><p><blockquote>•总部位于马萨诸塞州的医疗保健商业情报提供商Definitive Healthcare Corp.计划在其PO中发行1556万股股票，预计定价在每股21美元至24美元之间。按照这个定价，该公司的估值可能高达35.5亿美元。</blockquote></p><p></p><p> •&nbsp;Enact Holdings Inc., a mortgage insurer owned by Genworth, is planning to offer 13.3 million shares priced at $19 to $20 each. The company would be valued at $3.3 billion at the top of that range. The company said all shares will be sold by Genworth and it will not receive any proceeds. It has applied to list on Nasdaq under the ticker “ACT.” Goldman Sachs and JPMorgan are lead underwriters in a team of nine banks working on the deal.</p><p><blockquote>Genworth旗下的抵押贷款保险公司Enact Holdings Inc.计划发行1330万股股票，每股价格为19至20美元。该公司的估值为33亿美元，处于该范围的顶部。该公司表示，Genworth将出售所有股份，不会获得任何收益。它已申请在纳斯达克上市，股票代码为“ACT”。高盛和摩根大通是参与该交易的九家银行团队的主承销商。</blockquote></p><p> •&nbsp;ForgeRock<a href=\"https://www.marketwatch.com/investing/stock/FORG?mod=MW_story_quote&amp;mod=article_inline\" target=\"_blank\">,</a>&nbsp;a California-based identity security platform, is looking to raise up to $264 million with an offering of 11 million shares priced between $21 and $24 a share. That pricing would value the company a valuation of up to $1.91 billion.</p><p><blockquote>•锻造岩石<a href=\"https://www.marketwatch.com/investing/stock/FORG?mod=MW_story_quote&amp;mod=article_inline\" target=\"_blank\">,</a>一家总部位于加州的身份安全平台希望通过发行1100万股股票，每股价格在21美元至24美元之间，筹集至多2.64亿美元。该定价将使该公司估值高达19.1亿美元。</blockquote></p><p> The stock is expected to list on the NYSE under the ticker symbol “FORG.” Morgan Stanley and JPMorgan are the lead underwriters. The company recorded a net loss of $41.8 million on revenue of $127.6 million in 2020, after a loss of $36.9 million on revenue of $104.5 million in 2019.</p><p><blockquote>该股预计将在纽约证券交易所上市，股票代码为“FORG”。摩根士丹利和摩根大通是主承销商。该公司在2020年录得净亏损4180万美元，营收为1.276亿美元，而2019年营收为1.045亿美元，亏损3690万美元。</blockquote></p><p> <b>•</b>Dice Therapeutics&nbsp;is expected to raise up to $170 million at a valuation of up to $583 million and list on Nasdaq under the ticker symbol “DICE.” The biotech is developing therapies to treat chronic diseases in the field of immunology.</p><p><blockquote><b>•</b>Dice Therapeutics预计将以高达5.83亿美元的估值筹集至多1.7亿美元，并在纳斯达克上市，股票代码为“DICE”。该生物技术公司正在免疫学领域开发治疗慢性疾病的疗法。</blockquote></p><p> <b>•</b>Surgical robotics developer Procept BioRobotics,is aiming to raise up to $132 million at a valuation of about $1 billion with plans to list on Nasdaq under the ticker symbol “PRCT.” BofA Securities and Goldman Sachs are lead underwriters.</p><p><blockquote><b>•</b>手术机器人开发商Procept BioRobotics计划以约10亿美元的估值筹集至多1.32亿美元，并计划在纳斯达克上市，股票代码为“PRCT”。美银证券和高盛是主承销商。</blockquote></p><p> “We develop, manufacture and sell the AquaBeam Robotic System, an advanced, image-guided, surgical robotic system for use in minimally invasive urologic surgery with an initial focus on treating benign prostatic hyperplasia, or BPH,” the company says in its IPO documents.</p><p><blockquote>该公司在其IPO文件中表示：“我们开发、制造和销售AquaBeam机器人系统，这是一种先进的图像引导手术机器人系统，用于微创泌尿外科手术，最初重点是治疗良性前列腺增生（BPH）。”</blockquote></p><p> <b>•</b>Tyra Biosciences is aiming to raise $107.2 million in IPO proceeds at a valuation of $589 million. The biotech’s leading product candidate is a treatment for bladder cancer. It has applied to list on Nasdaq under the symbol “TYRA.”</p><p><blockquote><b>•</b>Tyra Biosciences的目标是通过IPO筹集1.072亿美元，估值为5.89亿美元。该生物技术公司的领先候选产品是膀胱癌的治疗方法。它已申请在纳斯达克上市，股票代码为“TYRA”。</blockquote></p><p> <b>•</b>EzFill Holdings, an app-based mobile fueling company in South Florida, is planning to raise $25 million at a valuation of $100 million. The company has applied to list on Nasdaq under the ticker symbol “EZFL.” ThinkEquity is sole underwriter.</p><p><blockquote><b>•</b>EzFill Holdings是一家位于南佛罗里达州的基于应用程序的移动加油公司，计划以1亿美元的估值筹集2500万美元。该公司已申请在纳斯达克上市，股票代码为“EZFL”。ThinkEquity是独家承销商。</blockquote></p><p> The Renaissance IPO ETF&nbsp;has gained 6% to date in 2021, while the S&amp;P 500&nbsp;has advanced 19%.</p><p><blockquote>2021年迄今为止，Renaissance IPO ETF已上涨6%，而标普500则上涨19%。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Busy IPO market this week poised to make 2021 the biggest year ever by proceeds<blockquote>本周繁忙的IPO市场有望使2021年成为有史以来收益最大的一年</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBusy IPO market this week poised to make 2021 the biggest year ever by proceeds<blockquote>本周繁忙的IPO市场有望使2021年成为有史以来收益最大的一年</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-09-14 15:21</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Swiss running-shoe company backed by Roger Federer and drive-through coffee chain expected to hit the market this week </p><p><blockquote>罗杰·费德勒支持的瑞士跑鞋公司和得来速咖啡连锁店预计将于本周上市</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/18111af5f5bda21b3128860fe616c5ca\" tg-width=\"700\" tg-height=\"467\" width=\"100%\" height=\"auto\"><span>Swiss tennis giant Roger Federer is a backer of one of this week's bigger IPOs.</span></p><p><blockquote><p class=\"t-img-caption\"><span>瑞士网球巨头罗杰·费德勒是本周最大IPO之一的支持者。</span></p></blockquote></p><p> After a flurry of initial-public-offering launches last week&nbsp;set the market up for a busy fall for deals, 11 are expected to price this week and raise more than $3 billion in proceeds. </p><p><blockquote>上周一系列首次公开募股引发市场交易繁忙，预计本周将有11家公司定价，筹集超过30亿美元的资金。</blockquote></p><p> If all deals materialize, it will make 2021 the biggest year for IPO proceeds ever, and shatter the previous record by about 30%, according to Bill Smith, founder and chief executive of Renaissance Capital, a provider of institutional research and exchange-traded funds oriented around IPOs. The market is expected to see some 375 deals for the year, raising $125 billion, according to Renaissance, beating the $97 billion raised in 2000 during the dot-com boom. </p><p><blockquote>机构研究和交易所交易基金提供商Renaissance Capital创始人兼首席执行官比尔·史密斯(Bill Smith)表示，如果所有交易都实现，2021年将成为有史以来IPO收益最大的一年，并将之前的记录打破约30%。以IPO为导向的基金。据Renaissance称，预计今年市场将出现约375笔交易，筹集1250亿美元，超过2000年互联网繁荣期间筹集的970亿美元。</blockquote></p><p> “After the long summer break, this week is a litmus test for upcoming tech, biotech, and consumer IPOs,” Smith wrote in a market commentary. The list includes a Swiss running-shoe company backed by tennis giant Roger Federer, a drive-through coffee kiosk operator and a mortgage insurer that was spun out of insurer Genworth Financial. </p><p><blockquote>史密斯在市场评论中写道：“在漫长的暑假之后，本周是即将到来的科技、生物技术和消费者IPO的试金石。”该名单包括一家由网球巨头罗杰·费德勒支持的瑞士跑鞋公司、一家得来速咖啡亭运营商以及一家从保险公司Genworth Financial分拆出来的抵押贷款保险公司。</blockquote></p><p> The biggest deal of the week is expected to come from Thoughtworks,a Chicago-based technology consultancy that will go public at a valuation of up to $6.1 billion.</p><p><blockquote>本周最大的交易预计将来自总部位于芝加哥的技术咨询公司Thoughtworks，该公司将以高达61亿美元的估值上市。</blockquote></p><p> The company, which expects to change its name from Turing Holding Corp. to Thoughtworks with completion of the IPO, said a total of 36.84 million shares will be offered, split between the company and selling shareholders.</p><p><blockquote>该公司预计在IPO完成后将更名从Turing Holding Corp.更名为Thoughtworks，并表示将发行总计3684万股股票，由公司和出售股东分配。</blockquote></p><p> The deal is expected to price at between $18 and $20 a share, and the stock will trade on the Nasdaq under the ticker symbol “TWKS.” Goldman Sachs and JPMorgan are the lead underwriters. The company recorded net income of $79.3 million on revenue of $803.4 million in 2020, after income of $28.4 million on revenue of $772.2 million in 2019.</p><p><blockquote>这笔交易预计价格为每股18美元至20美元，股票将在纳斯达克交易，股票代码为“TWKS”。高盛和摩根大通是主承销商。本公司于2020年录得净收入79.3百万美元，收入为8.03.4百万美元，二零一九年录得7.72.2百万美元后，收入净额为2840万美元。</blockquote></p><p> The Swiss athletic-footwear maker On Holding&nbsp;is expected to raise up to $622 million at a valuation of almost $6 billion. On has applied to list 31.1 million shares priced at $18 to $20 each on the New York Stock Exchange, under the ticker symbol “ONON.”</p><p><blockquote>这家持有股份的瑞士运动鞋制造商预计将以近60亿美元的估值筹集至多6.22亿美元。On已申请在纽约证券交易所上市3110万股，每股价格为18至20美元，股票代码为“ONON”。</blockquote></p><p> Goldman Sachs, Morgan Stanley and Morgan Stanley are lead underwriters in a syndicate of nine banks on the On deal. Proceeds are to be used for general corporate purposes. The company has a line that it co-developed with Federer.</p><p><blockquote>高盛、摩根士丹利和摩根士丹利是此次交易的九家银行组成的银团的主承销商。收益将用于一般公司用途。该公司有一条与费德勒共同开发的生产线。</blockquote></p><p> The company had net income of 3.8 million Swiss francs ($4.1 million) in the six months through June 30, after a loss of 33.1 million francs in the year-earlier period,&nbsp;according to its IPO documents.&nbsp;Sales came to 315.5 million francs, up from 170.9 million francs.</p><p><blockquote>根据其IPO文件，在截至6月30日的六个月中，该公司的净利润为380万瑞士法郎（合410万美元），而上年同期为亏损3310万瑞士法郎，而去年同期的销售额为3.155亿瑞士法郎，高于1.709亿瑞士法郎。</blockquote></p><p> Also from Switzerland, sports betting site Sportrader Group AG&nbsp;plans to offer 19 million shares priced at $25 to $28 each, for a valuation of up to $31 billion. The company has applied to list on Nasdaq under the ticker symbol “SRAD.” JPMorgan, Morgan Stanley, Citigroup and UBS are lead underwriters in a syndicate of 13 banks working on the deal.</p><p><blockquote>同样来自瑞士的体育博彩网站Sportrader Group AG计划以每股25至28美元的价格发行1900万股股票，估值高达310亿美元。该公司已申请在纳斯达克上市，股票代码为“SRAD”。摩根大通、摩根士丹利、花旗集团和瑞银是参与该交易的13家银行组成的银团的主承销商。</blockquote></p><p> Proceeds are to be used for working capital and to spur growth. The company had a net profit of $29.9 million in the first six months of the year, on revenue of $321 million,&nbsp;according to its filing documents.</p><p><blockquote>收益将用于营运资金和刺激增长。根据其备案文件，该公司今年前六个月净利润为2990万美元，营收为3.21亿美元。</blockquote></p><p> Dutch Bros Inc.,an operator of drive-through shops that serve hot and cold drinks mostly in western U.S. states, is planning to offer 21.1 million shares priced at $18 to $20 each in its IPO, valuing the company at up to $3.3 billion.</p><p><blockquote>Dutch Bros Inc.是一家主要在美国西部各州提供冷热饮料的免下车商店运营商，计划在IPO中发行2110万股股票，每股价格为18至20美元，公司估值高达33亿美元。</blockquote></p><p> BofA Securities, JPMorgan and Jefferies are lead underwriters in a syndicate of 13 banks working on the deal. The company has applied to list on the New York Stock Exchange under the ticker symbol “BROS.”</p><p><blockquote>美国银行证券、摩根大通和杰富瑞是参与该交易的13家银行组成的财团的主承销商。该公司已申请在纽约证券交易所上市，股票代码为“BROS”。</blockquote></p><p> Proceeds are to be used to purchase additional Class A shares — the company is planning to have four classes of stock with differing voting rights. The company had a net loss of $13.6 million, or 32 cents a share, in the first six months of the year, narrower than the loss of $16.5 million, or 38 cents a share, posted in the year-earlier period. Revenue fell to $227.9 million from $327.4 million.</p><p><blockquote>所得款项将用于购买额外的A类股票——该公司计划拥有四类具有不同投票权的股票。该公司今年前六个月的净亏损为1,360万美元，即每股亏损32美分，低于去年同期的1,650万美元，即每股亏损38美分。收入从3.274亿美元降至2.279亿美元。</blockquote></p><p> <b>Rounding out the list are:</b></p><p><blockquote><b>名单上还有：</b></blockquote></p><p> •&nbsp;Definitive Healthcare Corp.,&nbsp;a Massachusetts-based provider of healthcare commercial intelligence, is planning to offer 15.56 million shares in its PO, which is expected to price between $21 and $24 a share. At that pricing, the company could be valued at up to $3.55 billion.</p><p><blockquote>•总部位于马萨诸塞州的医疗保健商业情报提供商Definitive Healthcare Corp.计划在其PO中发行1556万股股票，预计定价在每股21美元至24美元之间。按照这个定价，该公司的估值可能高达35.5亿美元。</blockquote></p><p></p><p> •&nbsp;Enact Holdings Inc., a mortgage insurer owned by Genworth, is planning to offer 13.3 million shares priced at $19 to $20 each. The company would be valued at $3.3 billion at the top of that range. The company said all shares will be sold by Genworth and it will not receive any proceeds. It has applied to list on Nasdaq under the ticker “ACT.” Goldman Sachs and JPMorgan are lead underwriters in a team of nine banks working on the deal.</p><p><blockquote>Genworth旗下的抵押贷款保险公司Enact Holdings Inc.计划发行1330万股股票，每股价格为19至20美元。该公司的估值为33亿美元，处于该范围的顶部。该公司表示，Genworth将出售所有股份，不会获得任何收益。它已申请在纳斯达克上市，股票代码为“ACT”。高盛和摩根大通是参与该交易的九家银行团队的主承销商。</blockquote></p><p> •&nbsp;ForgeRock<a href=\"https://www.marketwatch.com/investing/stock/FORG?mod=MW_story_quote&amp;mod=article_inline\" target=\"_blank\">,</a>&nbsp;a California-based identity security platform, is looking to raise up to $264 million with an offering of 11 million shares priced between $21 and $24 a share. That pricing would value the company a valuation of up to $1.91 billion.</p><p><blockquote>•锻造岩石<a href=\"https://www.marketwatch.com/investing/stock/FORG?mod=MW_story_quote&amp;mod=article_inline\" target=\"_blank\">,</a>一家总部位于加州的身份安全平台希望通过发行1100万股股票，每股价格在21美元至24美元之间，筹集至多2.64亿美元。该定价将使该公司估值高达19.1亿美元。</blockquote></p><p> The stock is expected to list on the NYSE under the ticker symbol “FORG.” Morgan Stanley and JPMorgan are the lead underwriters. The company recorded a net loss of $41.8 million on revenue of $127.6 million in 2020, after a loss of $36.9 million on revenue of $104.5 million in 2019.</p><p><blockquote>该股预计将在纽约证券交易所上市，股票代码为“FORG”。摩根士丹利和摩根大通是主承销商。该公司在2020年录得净亏损4180万美元，营收为1.276亿美元，而2019年营收为1.045亿美元，亏损3690万美元。</blockquote></p><p> <b>•</b>Dice Therapeutics&nbsp;is expected to raise up to $170 million at a valuation of up to $583 million and list on Nasdaq under the ticker symbol “DICE.” The biotech is developing therapies to treat chronic diseases in the field of immunology.</p><p><blockquote><b>•</b>Dice Therapeutics预计将以高达5.83亿美元的估值筹集至多1.7亿美元，并在纳斯达克上市，股票代码为“DICE”。该生物技术公司正在免疫学领域开发治疗慢性疾病的疗法。</blockquote></p><p> <b>•</b>Surgical robotics developer Procept BioRobotics,is aiming to raise up to $132 million at a valuation of about $1 billion with plans to list on Nasdaq under the ticker symbol “PRCT.” BofA Securities and Goldman Sachs are lead underwriters.</p><p><blockquote><b>•</b>手术机器人开发商Procept BioRobotics计划以约10亿美元的估值筹集至多1.32亿美元，并计划在纳斯达克上市，股票代码为“PRCT”。美银证券和高盛是主承销商。</blockquote></p><p> “We develop, manufacture and sell the AquaBeam Robotic System, an advanced, image-guided, surgical robotic system for use in minimally invasive urologic surgery with an initial focus on treating benign prostatic hyperplasia, or BPH,” the company says in its IPO documents.</p><p><blockquote>该公司在其IPO文件中表示：“我们开发、制造和销售AquaBeam机器人系统，这是一种先进的图像引导手术机器人系统，用于微创泌尿外科手术，最初重点是治疗良性前列腺增生（BPH）。”</blockquote></p><p> <b>•</b>Tyra Biosciences is aiming to raise $107.2 million in IPO proceeds at a valuation of $589 million. The biotech’s leading product candidate is a treatment for bladder cancer. It has applied to list on Nasdaq under the symbol “TYRA.”</p><p><blockquote><b>•</b>Tyra Biosciences的目标是通过IPO筹集1.072亿美元，估值为5.89亿美元。该生物技术公司的领先候选产品是膀胱癌的治疗方法。它已申请在纳斯达克上市，股票代码为“TYRA”。</blockquote></p><p> <b>•</b>EzFill Holdings, an app-based mobile fueling company in South Florida, is planning to raise $25 million at a valuation of $100 million. The company has applied to list on Nasdaq under the ticker symbol “EZFL.” ThinkEquity is sole underwriter.</p><p><blockquote><b>•</b>EzFill Holdings是一家位于南佛罗里达州的基于应用程序的移动加油公司，计划以1亿美元的估值筹集2500万美元。该公司已申请在纳斯达克上市，股票代码为“EZFL”。ThinkEquity是独家承销商。</blockquote></p><p> The Renaissance IPO ETF&nbsp;has gained 6% to date in 2021, while the S&amp;P 500&nbsp;has advanced 19%.</p><p><blockquote>2021年迄今为止，Renaissance IPO ETF已上涨6%，而标普500则上涨19%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/busy-ipo-market-this-week-may-make-2021-the-biggest-year-for-proceeds-and-break-previous-record-by-30-11631554372?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ONON":"On Holding AG",".IXIC":"NASDAQ Composite",".DJI":"道琼斯","DH":"Definitive Healthcare Corp.","DRNA":"Dicerna Pharmaceuticals, Inc.","PRCT":"PROCEPT BioRobotics","TYRA":"Tyra Biosciences, Inc.","FORG":"ForgeRock, Inc.",".SPX":"S&P 500 Index","TWKS":"Thoughtworks Holding Inc.","SRAD":"Sportradar Group AG","BROS":"Dutch Bros Inc."},"source_url":"https://www.marketwatch.com/story/busy-ipo-market-this-week-may-make-2021-the-biggest-year-for-proceeds-and-break-previous-record-by-30-11631554372?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160275332","content_text":"Swiss running-shoe company backed by Roger Federer and drive-through coffee chain expected to hit the market this week \nSwiss tennis giant Roger Federer is a backer of one of this week's bigger IPOs.\n\n\nAfter a flurry of initial-public-offering launches last week set the market up for a busy fall for deals, 11 are expected to price this week and raise more than $3 billion in proceeds. \n\nIf all deals materialize, it will make 2021 the biggest year for IPO proceeds ever, and shatter the previous record by about 30%, according to Bill Smith, founder and chief executive of Renaissance Capital, a provider of institutional research and exchange-traded funds oriented around IPOs. The market is expected to see some 375 deals for the year, raising $125 billion, according to Renaissance, beating the $97 billion raised in 2000 during the dot-com boom. \n\n“After the long summer break, this week is a litmus test for upcoming tech, biotech, and consumer IPOs,” Smith wrote in a market commentary. The list includes a Swiss running-shoe company backed by tennis giant Roger Federer, a drive-through coffee kiosk operator and a mortgage insurer that was spun out of insurer Genworth Financial. \n\nThe biggest deal of the week is expected to come from Thoughtworks,a Chicago-based technology consultancy that will go public at a valuation of up to $6.1 billion.\nThe company, which expects to change its name from Turing Holding Corp. to Thoughtworks with completion of the IPO, said a total of 36.84 million shares will be offered, split between the company and selling shareholders.\n\nThe deal is expected to price at between $18 and $20 a share, and the stock will trade on the Nasdaq under the ticker symbol “TWKS.” Goldman Sachs and JPMorgan are the lead underwriters. The company recorded net income of $79.3 million on revenue of $803.4 million in 2020, after income of $28.4 million on revenue of $772.2 million in 2019.\nThe Swiss athletic-footwear maker On Holding is expected to raise up to $622 million at a valuation of almost $6 billion. On has applied to list 31.1 million shares priced at $18 to $20 each on the New York Stock Exchange, under the ticker symbol “ONON.”\n\nGoldman Sachs, Morgan Stanley and Morgan Stanley are lead underwriters in a syndicate of nine banks on the On deal. Proceeds are to be used for general corporate purposes. The company has a line that it co-developed with Federer.\n\nThe company had net income of 3.8 million Swiss francs ($4.1 million) in the six months through June 30, after a loss of 33.1 million francs in the year-earlier period, according to its IPO documents. Sales came to 315.5 million francs, up from 170.9 million francs.\n\nAlso from Switzerland, sports betting site Sportrader Group AG plans to offer 19 million shares priced at $25 to $28 each, for a valuation of up to $31 billion. The company has applied to list on Nasdaq under the ticker symbol “SRAD.” JPMorgan, Morgan Stanley, Citigroup and UBS are lead underwriters in a syndicate of 13 banks working on the deal.\n\nProceeds are to be used for working capital and to spur growth. The company had a net profit of $29.9 million in the first six months of the year, on revenue of $321 million, according to its filing documents.\n\nDutch Bros Inc.,an operator of drive-through shops that serve hot and cold drinks mostly in western U.S. states, is planning to offer 21.1 million shares priced at $18 to $20 each in its IPO, valuing the company at up to $3.3 billion.\n\nBofA Securities, JPMorgan and Jefferies are lead underwriters in a syndicate of 13 banks working on the deal. The company has applied to list on the New York Stock Exchange under the ticker symbol “BROS.”\nProceeds are to be used to purchase additional Class A shares — the company is planning to have four classes of stock with differing voting rights. The company had a net loss of $13.6 million, or 32 cents a share, in the first six months of the year, narrower than the loss of $16.5 million, or 38 cents a share, posted in the year-earlier period. Revenue fell to $227.9 million from $327.4 million.\n\nRounding out the list are:\n• Definitive Healthcare Corp., a Massachusetts-based provider of healthcare commercial intelligence, is planning to offer 15.56 million shares in its PO, which is expected to price between $21 and $24 a share. At that pricing, the company could be valued at up to $3.55 billion.\n• Enact Holdings Inc., a mortgage insurer owned by Genworth, is planning to offer 13.3 million shares priced at $19 to $20 each. The company would be valued at $3.3 billion at the top of that range. The company said all shares will be sold by Genworth and it will not receive any proceeds. It has applied to list on Nasdaq under the ticker “ACT.” Goldman Sachs and JPMorgan are lead underwriters in a team of nine banks working on the deal.\n• ForgeRock, a California-based identity security platform, is looking to raise up to $264 million with an offering of 11 million shares priced between $21 and $24 a share. That pricing would value the company a valuation of up to $1.91 billion.\nThe stock is expected to list on the NYSE under the ticker symbol “FORG.” Morgan Stanley and JPMorgan are the lead underwriters. The company recorded a net loss of $41.8 million on revenue of $127.6 million in 2020, after a loss of $36.9 million on revenue of $104.5 million in 2019.\n•Dice Therapeutics is expected to raise up to $170 million at a valuation of up to $583 million and list on Nasdaq under the ticker symbol “DICE.” The biotech is developing therapies to treat chronic diseases in the field of immunology.\n•Surgical robotics developer Procept BioRobotics,is aiming to raise up to $132 million at a valuation of about $1 billion with plans to list on Nasdaq under the ticker symbol “PRCT.” BofA Securities and Goldman Sachs are lead underwriters.\n“We develop, manufacture and sell the AquaBeam Robotic System, an advanced, image-guided, surgical robotic system for use in minimally invasive urologic surgery with an initial focus on treating benign prostatic hyperplasia, or BPH,” the company says in its IPO documents.\n•Tyra Biosciences is aiming to raise $107.2 million in IPO proceeds at a valuation of $589 million. The biotech’s leading product candidate is a treatment for bladder cancer. It has applied to list on Nasdaq under the symbol “TYRA.”\n•EzFill Holdings, an app-based mobile fueling company in South Florida, is planning to raise $25 million at a valuation of $100 million. The company has applied to list on Nasdaq under the ticker symbol “EZFL.” ThinkEquity is sole underwriter.\nThe Renaissance IPO ETF has gained 6% to date in 2021, while the S&P 500 has advanced 19%.","news_type":1,"symbols_score_info":{"SRAD":0.9,".SPX":0.9,"TYRA":0.9,"DRNA":0.9,"FORG":0.9,"TWKS":0.9,"ACT.UK":0.9,"PRCT":0.9,".IXIC":0.9,"ONON":0.9,"DH":0.9,"BROS":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1247,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187793165,"gmtCreate":1623763920457,"gmtModify":1631886069064,"author":{"id":"3567477691365105","authorId":"3567477691365105","name":"Chiengcoco","avatar":"https://static.tigerbbs.com/57e1b744feb6b9e682c6d1bb7faeb020","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3567477691365105","idStr":"3567477691365105"},"themes":[],"htmlText":"我要T和R，谁要I可以互换","listText":"我要T和R，谁要I可以互换","text":"我要T和R，谁要I可以互换","images":[{"img":"https://static.tigerbbs.com/e6c6e95e3dddfa6cbd8c0bcd8dedfe1f","width":"1080","height":"2340"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/187793165","isVote":1,"tweetType":1,"viewCount":798,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0}],"lives":[]}