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- DragonKingDragonKing
  ·2021-12-29
  Is coming...Like Pls.
  非常抱歉，此主贴已删除
  4,260 1
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- DragonKingDragonKing
  ·2021-12-28
  Wow
  The $900 Billion Cash Pile Inflating Startup Valuations<blockquote>9000亿美元的现金储备抬高了初创公司的估值</blockquote>
  Investors are defying a share-price slump for newly public companies to make hundreds of billions of
  The $900 Billion Cash Pile Inflating Startup Valuations<blockquote>9000亿美元的现金储备抬高了初创公司的估值</blockquote>
  2,916 1
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- DragonKingDragonKing
  ·2021-12-28
  Get ready....
  非常抱歉，此主贴已删除
  3,375 评论
  3
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- DragonKingDragonKing
  ·2021-12-27
  Tine to buy...like pls.
  非常抱歉，此主贴已删除
  3,565 1
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- DragonKingDragonKing
  ·2021-12-27
  All in.
  非常抱歉，此主贴已删除
  3,624 评论
  点赞
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- DragonKingDragonKing
  ·2021-12-26
  In. Like pls.
  非常抱歉，此主贴已删除
  3,106 1
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- DragonKingDragonKing
  ·2021-12-26
  Yeah
  A Year After Announcing a Big Partnership, Ocugen Is in a Sorry State<blockquote>宣布大合作伙伴关系一年后，Ocugen的处境很糟糕</blockquote>
  In the last year, Ocugen(NASDAQ:OCGN) stock is still among the top performers. During this period, t
  A Year After Announcing a Big Partnership, Ocugen Is in a Sorry State<blockquote>宣布大合作伙伴关系一年后，Ocugen的处境很糟糕</blockquote>
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- DragonKingDragonKing
  ·2021-12-24
  All in.
  Will Netflix Stock Hit $700 in 2022?<blockquote>Netflix股价会在2022年达到700美元吗？</blockquote>
  Up just 17% in 2021, this streaming innovator might be poised for a huge run next year.
  Will Netflix Stock Hit $700 in 2022?<blockquote>Netflix股价会在2022年达到700美元吗？</blockquote>
  3,044 评论
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- DragonKingDragonKing
  ·2021-12-24
  Like pls
  非常抱歉，此主贴已删除
  4,276 4
  8
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- DragonKingDragonKing
  ·2021-12-24
  Down please...
  非常抱歉，此主贴已删除
  4,163 1
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coming...Like Pls.","listText":"Is coming...Like Pls.","text":"Is coming...Like Pls.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/696457111","repostId":"1186633322","repostType":4,"isVote":1,"tweetType":1,"viewCount":4260,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696881022,"gmtCreate":1640662343548,"gmtModify":1640662343987,"author":{"id":"3580988274582448","authorId":"3580988274582448","name":"DragonKing","avatar":"https://static.tigerbbs.com/999074a932b6e7b44c07fcebc581aacb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580988274582448","authorIdStr":"3580988274582448"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/696881022","repostId":"1114239115","repostType":4,"repost":{"id":"1114239115","kind":"news","pubTimestamp":1640661428,"share":"https://www.laohu8.com/m/news/1114239115?lang=zh_CN&edition=full","pubTime":"2021-12-28 11:17","market":"us","language":"en","title":"The $900 Billion Cash Pile Inflating Startup Valuations<blockquote>9000亿美元的现金储备抬高了初创公司的估值</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1114239115","media":"WSJ","summary":"Investors are defying a share-price slump for newly public companies to make hundreds of billions of","content":"<p><a href=\"https://laohu8.com/S/ISBC\">Investors</a> are defying a&nbsp;share-price slump&nbsp;for newly public companies to make hundreds of billions of dollars available to startups, a cash pile that promises to inject a torrent of money into early-stage firms in 2022 and beyond.</p><p><blockquote><a href=\"https://laohu8.com/S/ISBC\">投资者</a>正在冒着新上市公司股价暴跌的风险，向初创公司提供数千亿美元，这一现金储备有望在2022年及以后向早期公司注入大量资金。</blockquote></p><p> Special-purpose acquisition companies, which&nbsp;take startups public through mergers, raised about $12 billion in each of October and November, roughly doubling their clip from each of the previous three months, Dealogic data show. So far in December, three SPACs a day are being created. While that is below the first quarter’s record pace, it brings the total amount held by the hundreds of SPACs seeking private companies to take public&nbsp;in the next two years&nbsp;to roughly $160 billion.</p><p><blockquote>Dealogic的数据显示，通过合并让初创公司上市的特殊目的收购公司在10月和11月每年筹集了约120亿美元，大约是前三个月的两倍。12月到目前为止，每天有三个SPAC被创建。虽然这低于第一季度创纪录的速度，但它使数百家寻求私营公司在未来两年内上市的SPAC持有的总金额达到约1600亿美元。</blockquote></p><p> The cash committed to venture-capital firms and private-equity firms focused on rapidly growing companies but not yet spent also is ballooning. So-called&nbsp;dry powder&nbsp;hit about $440 billion for venture capitalists and roughly $310 billion for growth-focused PE firms earlier this month, according to Preqin.</p><p><blockquote>向风险投资公司和私募股权公司承诺但尚未支出的现金也在激增，这些公司专注于快速增长的公司。根据Preqin的数据，本月早些时候，所谓的干粉为风险投资家带来了约4400亿美元的收入，为专注于增长的私募股权公司带来了约3100亿美元的收入。</blockquote></p><p> Despite billions of dollars in lost market value for publicly listed startups, the cash hoards represent buoyant demand from investors with interest rates near zero and stock indexes at or near records. They show how SPACs and private markets have been&nbsp;more resilient than many analysts expected, particularly with regulators ratcheting up scrutiny of so-called blank-check companies. Many analysts also expect interest rates to climb in the years ahead, potentially making moonshot bets on early-stage companies less attractive.</p><p><blockquote>尽管上市初创公司的市值损失了数十亿美元，但在利率接近于零、股指处于或接近纪录水平的情况下，现金储备代表了投资者的旺盛需求。它们表明，SPAC和私人市场比许多分析师预期的更具弹性，特别是在监管机构加强对所谓空白支票公司的审查的情况下。许多分析师还预计，未来几年利率将攀升，这可能会降低对早期公司的登月押注的吸引力。</blockquote></p><p> Startups currently have several paths to access the cash, investors and executives say, particularly because a large chunk is flooding to companies&nbsp;working to decarbonize the economy. SPACs and other financiers often engage in bidding duels known on Wall Street as “SPAC-offs,” helping keep money flowing into startups.</p><p><blockquote>投资者和高管表示，初创公司目前有多种途径获得现金，特别是因为很大一部分资金正涌入致力于经济脱碳的公司。SPAC和其他金融家经常参与华尔街称为“SPAC收购”的竞购决斗，有助于保持资金流入初创公司。</blockquote></p><p> “There’s just so much money in the world chasing growth and returns,” said Bill Gross, who founded startup incubator Idealab.</p><p><blockquote>创业孵化器Idealab的创始人比尔·格罗斯(Bill Gross)表示：“世界上有太多资金追逐增长和回报。”</blockquote></p><p> Sometimes confused with the famous bond investor Bill Gross, Idealab’s Mr. Gross is chief executive of concentrated solar power startup Heliogen Inc. Heliogen, which doesn’t expect substantial revenue until 2023, is going public in a$2 billion SPAC deal. Another Idealab company, Energy Vault Inc.,unveiled&nbsp;a $1.6 billion SPAC merger in September.</p><p><blockquote>Idealab的格罗斯先生有时会与著名债券投资者比尔·格罗斯(Bill Gross)混淆，他是聚光太阳能初创公司Heliogen Inc.的首席执行官。Heliogen预计要到2023年才会有可观的收入，目前正在以20亿美元的SPAC交易上市。另一家Idealab公司Energy Vault Inc.在9月份公布了一项价值16亿美元的SPAC合并。</blockquote></p><p> Outside of SPACs, cash is&nbsp;piling into startups&nbsp;at unprecedented rates from venture-capital firms and hedge funds such as Tiger Global Management LLC that traditionally were more focused on public companies. Nearly 340 new unicorn startups—or about&nbsp;one&nbsp;each day—have privately raised money at valuations north of $1 billion this year, more than triple the total from last year, PitchBook data show.</p><p><blockquote>在SPAC之外，传统上更专注于上市公司的Tiger Global Management LLC等风险投资公司和对冲基金正以前所未有的速度涌入初创公司。PitchBook数据显示，今年有近340家新的独角兽初创公司（即每天约一家）以超过10亿美元的估值私下筹集资金，是去年总数的三倍多。</blockquote></p><p> In the late summer, Mike Xu, CEO&nbsp;of food-distribution startup GrubMarket, began looking for $50 million of new funding for his business, which he said is profitable. By November, demand proved so high he ended up securing $240 million from investors—which itself was lower than what many wanted to commit. That included a $40 million commitment from Tiger Global that came together about a week after he began discussions with the <a href=\"https://laohu8.com/S/NWY\">New York</a>-based investor.</p><p><blockquote>夏末，食品配送初创公司GrubMarket的首席执行官Mike Xu开始为他的业务寻找5000万美元的新资金，他说这项业务是盈利的。到11月，需求如此之高，他最终从投资者那里获得了2.4亿美元——这本身就低于许多人想要承诺的金额。其中包括Tiger Global承诺的4000万美元，该承诺是在他开始与<a href=\"https://laohu8.com/S/NWY\">纽约</a>为基础的投资者。</blockquote></p><p> “It just moved extremely fast,” he said of the investment round valuing the firm at over $1.2 billion. “It was way more than we expected.” GrubMarket also secured funds managed by&nbsp;<a href=\"https://laohu8.com/S/BLK\">BlackRock</a> Inc.</p><p><blockquote>“它的发展速度非常快，”他在谈到该公司估值超过12亿美元的本轮投资时说道。“这远远超出了我们的预期。”GrubMarket还获得了由以下人员管理的基金<a href=\"https://laohu8.com/S/BLK\">贝莱德</a>公司。</blockquote></p><p> Carbon Capture Inc., a startup working to remove carbon emissions directly from the atmosphere that also is backed by Mr. Gross’s Idealab, recently raised $35 million in its first round from investors including Salesforce Inc. co-CEO Marc Benioff’s venture firm.</p><p><blockquote>Carbon Capture Inc.是一家致力于直接从大气中去除碳排放的初创公司，也得到了格罗斯先生的Idealab的支持，最近在第一轮融资中从包括Salesforce Inc.联合首席执行官马克·贝尼奥夫(Marc Benioff)的风险投资公司在内的投资者那里筹集了3500万美元。</blockquote></p><p> Many startups also have found&nbsp;excited investors&nbsp;at large technology companies, pension funds, and sovereign-wealth funds.</p><p><blockquote>许多初创公司还在大型科技公司、养老基金和主权财富基金中找到了兴奋的投资者。</blockquote></p><p> The fundraising frenzy is continuing even though sentiment toward newly public startups&nbsp;has cooled. An exchange-traded fund that tracks companies that went public through SPACs is down about 25% for the year. Meanwhile, an ETF of companies that recently did traditional initial public offerings has slumped roughly 15% in the past three months.</p><p><blockquote>尽管对新上市初创公司的情绪已经降温，但融资狂潮仍在继续。一只追踪通过SPAC上市的公司的交易所交易基金今年下跌了约25%。与此同时，最近进行传统首次公开募股的公司的ETF在过去三个月内下跌了约15%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/fa784fe1c27b15e6c63cfb7b35c9bba6\" tg-width=\"822\" tg-height=\"751\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> SPACs are in focus for many investors because they have taken Wall Street and Silicon Valley&nbsp;by storm&nbsp;as a new way to quickly raise cash and go public. A SPAC is a shell firm that raises money and lists on a stock exchange with the sole intent of merging with a private firm to take it public. After regulators approve the deal, the private firm replaces the SPAC in the stock market.</p><p><blockquote>SPAC是许多投资者关注的焦点，因为它们作为快速筹集现金和上市的新方式席卷了华尔街和硅谷。特殊目的收购公司是一家空壳公司，它筹集资金并在证券交易所上市，其唯一目的是与私营公司合并以使其上市。监管机构批准该交易后，这家私营公司将取代股票市场上的SPAC。</blockquote></p><p></p><p> One reason for SPACs’ sudden ubiquity is that startups are allowed to make&nbsp;business projections&nbsp;when going public that aren’t allowed in traditional IPOs.</p><p><blockquote>SPAC突然无处不在的一个原因是，初创公司在上市时被允许做出传统IPO中不允许的业务预测。</blockquote></p><p> Many have struggled to meet those targets or have hit&nbsp;business snags, sending shares tumbling.Of the nearly 200 companies that have gone public through SPAC deals this year, about 75% have share prices below the SPAC’s listing price, according to SPAC Research. Nearly 40 companies&nbsp;have lost more than 50% of their value.</p><p><blockquote>许多公司难以实现这些目标或遇到业务障碍，导致股价暴跌。根据SPAC Research的数据，在今年通过SPAC交易上市的近200家公司中，约75%的公司股价低于SPAC的上市价格。近40家公司市值缩水超50%。</blockquote></p><p> Regulators&nbsp;have investigated&nbsp;several companies that went public this way after short sellers alleged wrongdoing, while multiple CEOs of newly listed electric-vehicle startups have resigned. Many analysts say SPACs allow startups to go public before they are ready.</p><p><blockquote>监管机构已经调查了几家在卖空者指控其不当行为后以这种方式上市的公司，而新上市的电动汽车初创公司的多位首席执行官已经辞职。许多分析师表示，SPAC允许初创公司在准备好之前上市。</blockquote></p><p> Yet investors continue to pour money into emerging companies in any way they can, in search of the next&nbsp;DoorDash Inc.or&nbsp;Airbnb Inc., whose early backers have been well rewarded. Many deals are&nbsp;tied to fighting climate change, with investors also riding the momentum inTeslaInc.and others linked to the energy transition.</p><p><blockquote>然而，投资者继续以任何可能的方式向新兴公司投入资金，寻找下一个DoorDash Inc.或爱彼迎公司，它们的早期支持者获得了丰厚的回报。许多交易都与应对气候变化有关，投资者也利用了TeslaInc.和其他与能源转型相关的交易的势头。</blockquote></p><p> “I would expect valuations will continue being driven up,” said John Carrington, CEO of&nbsp;clean-energy storage firm&nbsp;<a href=\"https://laohu8.com/S/STEM\">Stem Inc.</a> “It’s an industry that needs a lot of capital, for better or worse.” Stem’s market value has roughly doubled to $2.8 billion after it completed a SPAC deal earlier this year. The company had about $40 million in sales in the third quarter.</p><p><blockquote>清洁能源存储公司首席执行官约翰·卡林顿(John Carrington)表示：“我预计估值将继续上涨。”<a href=\"https://laohu8.com/S/STEM\">Stem公司。</a>“无论好坏，这都是一个需要大量资本的行业。”在今年早些时候完成SPAC交易后，Stem的市值大约翻了一番，达到28亿美元。该公司第三季度销售额约为4000万美元。</blockquote></p><p> Moving forward, some analysts expect a large gap between the winners and losers from the boom.</p><p><blockquote>展望未来，一些分析师预计繁荣的赢家和输家之间将存在巨大差距。</blockquote></p><p> “The availability of SPAC capital and of private capital gives companies options, but ultimately, the problems are caused by bringing the wrong company public or the wrong valuation,” said Mike Ryan, CEO of Bullet Point Network, a financial analytics company. A former Wall Street equity investor, Mr. Ryan also is a venture partner at Alpha Partners and board chair of a SPAC that Alpha Partners launched this summer.</p><p><blockquote>金融分析公司Bullet Point Network首席执行官迈克·瑞安(Mike Ryan)表示：“SPAC资本和私人资本的可用性为公司提供了选择，但最终，问题是由错误的公司上市或错误的估值造成的。”Ryan先生曾是华尔街股票投资者，也是Alpha Partners的风险合伙人以及Alpha Partners今年夏天推出的SPAC的董事会主席。</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>The $900 Billion Cash Pile Inflating Startup Valuations<blockquote>9000亿美元的现金储备抬高了初创公司的估值</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\">\nThe $900 Billion Cash Pile Inflating Startup Valuations<blockquote>9000亿美元的现金储备抬高了初创公司的估值</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">WSJ</strong><span class=\"h-time small\">2021-12-28 11:17</span>\n</p>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/ISBC\">Investors</a> are defying a&nbsp;share-price slump&nbsp;for newly public companies to make hundreds of billions of dollars available to startups, a cash pile that promises to inject a torrent of money into early-stage firms in 2022 and beyond.</p><p><blockquote><a href=\"https://laohu8.com/S/ISBC\">投资者</a>正在冒着新上市公司股价暴跌的风险，向初创公司提供数千亿美元，这一现金储备有望在2022年及以后向早期公司注入大量资金。</blockquote></p><p> Special-purpose acquisition companies, which&nbsp;take startups public through mergers, raised about $12 billion in each of October and November, roughly doubling their clip from each of the previous three months, Dealogic data show. So far in December, three SPACs a day are being created. While that is below the first quarter’s record pace, it brings the total amount held by the hundreds of SPACs seeking private companies to take public&nbsp;in the next two years&nbsp;to roughly $160 billion.</p><p><blockquote>Dealogic的数据显示，通过合并让初创公司上市的特殊目的收购公司在10月和11月每年筹集了约120亿美元，大约是前三个月的两倍。12月到目前为止，每天有三个SPAC被创建。虽然这低于第一季度创纪录的速度，但它使数百家寻求私营公司在未来两年内上市的SPAC持有的总金额达到约1600亿美元。</blockquote></p><p> The cash committed to venture-capital firms and private-equity firms focused on rapidly growing companies but not yet spent also is ballooning. So-called&nbsp;dry powder&nbsp;hit about $440 billion for venture capitalists and roughly $310 billion for growth-focused PE firms earlier this month, according to Preqin.</p><p><blockquote>向风险投资公司和私募股权公司承诺但尚未支出的现金也在激增，这些公司专注于快速增长的公司。根据Preqin的数据，本月早些时候，所谓的干粉为风险投资家带来了约4400亿美元的收入，为专注于增长的私募股权公司带来了约3100亿美元的收入。</blockquote></p><p> Despite billions of dollars in lost market value for publicly listed startups, the cash hoards represent buoyant demand from investors with interest rates near zero and stock indexes at or near records. They show how SPACs and private markets have been&nbsp;more resilient than many analysts expected, particularly with regulators ratcheting up scrutiny of so-called blank-check companies. Many analysts also expect interest rates to climb in the years ahead, potentially making moonshot bets on early-stage companies less attractive.</p><p><blockquote>尽管上市初创公司的市值损失了数十亿美元，但在利率接近于零、股指处于或接近纪录水平的情况下，现金储备代表了投资者的旺盛需求。它们表明，SPAC和私人市场比许多分析师预期的更具弹性，特别是在监管机构加强对所谓空白支票公司的审查的情况下。许多分析师还预计，未来几年利率将攀升，这可能会降低对早期公司的登月押注的吸引力。</blockquote></p><p> Startups currently have several paths to access the cash, investors and executives say, particularly because a large chunk is flooding to companies&nbsp;working to decarbonize the economy. SPACs and other financiers often engage in bidding duels known on Wall Street as “SPAC-offs,” helping keep money flowing into startups.</p><p><blockquote>投资者和高管表示，初创公司目前有多种途径获得现金，特别是因为很大一部分资金正涌入致力于经济脱碳的公司。SPAC和其他金融家经常参与华尔街称为“SPAC收购”的竞购决斗，有助于保持资金流入初创公司。</blockquote></p><p> “There’s just so much money in the world chasing growth and returns,” said Bill Gross, who founded startup incubator Idealab.</p><p><blockquote>创业孵化器Idealab的创始人比尔·格罗斯(Bill Gross)表示：“世界上有太多资金追逐增长和回报。”</blockquote></p><p> Sometimes confused with the famous bond investor Bill Gross, Idealab’s Mr. Gross is chief executive of concentrated solar power startup Heliogen Inc. Heliogen, which doesn’t expect substantial revenue until 2023, is going public in a$2 billion SPAC deal. Another Idealab company, Energy Vault Inc.,unveiled&nbsp;a $1.6 billion SPAC merger in September.</p><p><blockquote>Idealab的格罗斯先生有时会与著名债券投资者比尔·格罗斯(Bill Gross)混淆，他是聚光太阳能初创公司Heliogen Inc.的首席执行官。Heliogen预计要到2023年才会有可观的收入，目前正在以20亿美元的SPAC交易上市。另一家Idealab公司Energy Vault Inc.在9月份公布了一项价值16亿美元的SPAC合并。</blockquote></p><p> Outside of SPACs, cash is&nbsp;piling into startups&nbsp;at unprecedented rates from venture-capital firms and hedge funds such as Tiger Global Management LLC that traditionally were more focused on public companies. Nearly 340 new unicorn startups—or about&nbsp;one&nbsp;each day—have privately raised money at valuations north of $1 billion this year, more than triple the total from last year, PitchBook data show.</p><p><blockquote>在SPAC之外，传统上更专注于上市公司的Tiger Global Management LLC等风险投资公司和对冲基金正以前所未有的速度涌入初创公司。PitchBook数据显示，今年有近340家新的独角兽初创公司（即每天约一家）以超过10亿美元的估值私下筹集资金，是去年总数的三倍多。</blockquote></p><p> In the late summer, Mike Xu, CEO&nbsp;of food-distribution startup GrubMarket, began looking for $50 million of new funding for his business, which he said is profitable. By November, demand proved so high he ended up securing $240 million from investors—which itself was lower than what many wanted to commit. That included a $40 million commitment from Tiger Global that came together about a week after he began discussions with the <a href=\"https://laohu8.com/S/NWY\">New York</a>-based investor.</p><p><blockquote>夏末，食品配送初创公司GrubMarket的首席执行官Mike Xu开始为他的业务寻找5000万美元的新资金，他说这项业务是盈利的。到11月，需求如此之高，他最终从投资者那里获得了2.4亿美元——这本身就低于许多人想要承诺的金额。其中包括Tiger Global承诺的4000万美元，该承诺是在他开始与<a href=\"https://laohu8.com/S/NWY\">纽约</a>为基础的投资者。</blockquote></p><p> “It just moved extremely fast,” he said of the investment round valuing the firm at over $1.2 billion. “It was way more than we expected.” GrubMarket also secured funds managed by&nbsp;<a href=\"https://laohu8.com/S/BLK\">BlackRock</a> Inc.</p><p><blockquote>“它的发展速度非常快，”他在谈到该公司估值超过12亿美元的本轮投资时说道。“这远远超出了我们的预期。”GrubMarket还获得了由以下人员管理的基金<a href=\"https://laohu8.com/S/BLK\">贝莱德</a>公司。</blockquote></p><p> Carbon Capture Inc., a startup working to remove carbon emissions directly from the atmosphere that also is backed by Mr. Gross’s Idealab, recently raised $35 million in its first round from investors including Salesforce Inc. co-CEO Marc Benioff’s venture firm.</p><p><blockquote>Carbon Capture Inc.是一家致力于直接从大气中去除碳排放的初创公司，也得到了格罗斯先生的Idealab的支持，最近在第一轮融资中从包括Salesforce Inc.联合首席执行官马克·贝尼奥夫(Marc Benioff)的风险投资公司在内的投资者那里筹集了3500万美元。</blockquote></p><p> Many startups also have found&nbsp;excited investors&nbsp;at large technology companies, pension funds, and sovereign-wealth funds.</p><p><blockquote>许多初创公司还在大型科技公司、养老基金和主权财富基金中找到了兴奋的投资者。</blockquote></p><p> The fundraising frenzy is continuing even though sentiment toward newly public startups&nbsp;has cooled. An exchange-traded fund that tracks companies that went public through SPACs is down about 25% for the year. Meanwhile, an ETF of companies that recently did traditional initial public offerings has slumped roughly 15% in the past three months.</p><p><blockquote>尽管对新上市初创公司的情绪已经降温，但融资狂潮仍在继续。一只追踪通过SPAC上市的公司的交易所交易基金今年下跌了约25%。与此同时，最近进行传统首次公开募股的公司的ETF在过去三个月内下跌了约15%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/fa784fe1c27b15e6c63cfb7b35c9bba6\" tg-width=\"822\" tg-height=\"751\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> SPACs are in focus for many investors because they have taken Wall Street and Silicon Valley&nbsp;by storm&nbsp;as a new way to quickly raise cash and go public. A SPAC is a shell firm that raises money and lists on a stock exchange with the sole intent of merging with a private firm to take it public. After regulators approve the deal, the private firm replaces the SPAC in the stock market.</p><p><blockquote>SPAC是许多投资者关注的焦点，因为它们作为快速筹集现金和上市的新方式席卷了华尔街和硅谷。特殊目的收购公司是一家空壳公司，它筹集资金并在证券交易所上市，其唯一目的是与私营公司合并以使其上市。监管机构批准该交易后，这家私营公司将取代股票市场上的SPAC。</blockquote></p><p></p><p> One reason for SPACs’ sudden ubiquity is that startups are allowed to make&nbsp;business projections&nbsp;when going public that aren’t allowed in traditional IPOs.</p><p><blockquote>SPAC突然无处不在的一个原因是，初创公司在上市时被允许做出传统IPO中不允许的业务预测。</blockquote></p><p> Many have struggled to meet those targets or have hit&nbsp;business snags, sending shares tumbling.Of the nearly 200 companies that have gone public through SPAC deals this year, about 75% have share prices below the SPAC’s listing price, according to SPAC Research. Nearly 40 companies&nbsp;have lost more than 50% of their value.</p><p><blockquote>许多公司难以实现这些目标或遇到业务障碍，导致股价暴跌。根据SPAC Research的数据，在今年通过SPAC交易上市的近200家公司中，约75%的公司股价低于SPAC的上市价格。近40家公司市值缩水超50%。</blockquote></p><p> Regulators&nbsp;have investigated&nbsp;several companies that went public this way after short sellers alleged wrongdoing, while multiple CEOs of newly listed electric-vehicle startups have resigned. Many analysts say SPACs allow startups to go public before they are ready.</p><p><blockquote>监管机构已经调查了几家在卖空者指控其不当行为后以这种方式上市的公司，而新上市的电动汽车初创公司的多位首席执行官已经辞职。许多分析师表示，SPAC允许初创公司在准备好之前上市。</blockquote></p><p> Yet investors continue to pour money into emerging companies in any way they can, in search of the next&nbsp;DoorDash Inc.or&nbsp;Airbnb Inc., whose early backers have been well rewarded. Many deals are&nbsp;tied to fighting climate change, with investors also riding the momentum inTeslaInc.and others linked to the energy transition.</p><p><blockquote>然而，投资者继续以任何可能的方式向新兴公司投入资金，寻找下一个DoorDash Inc.或爱彼迎公司，它们的早期支持者获得了丰厚的回报。许多交易都与应对气候变化有关，投资者也利用了TeslaInc.和其他与能源转型相关的交易的势头。</blockquote></p><p> “I would expect valuations will continue being driven up,” said John Carrington, CEO of&nbsp;clean-energy storage firm&nbsp;<a href=\"https://laohu8.com/S/STEM\">Stem Inc.</a> “It’s an industry that needs a lot of capital, for better or worse.” Stem’s market value has roughly doubled to $2.8 billion after it completed a SPAC deal earlier this year. The company had about $40 million in sales in the third quarter.</p><p><blockquote>清洁能源存储公司首席执行官约翰·卡林顿(John Carrington)表示：“我预计估值将继续上涨。”<a href=\"https://laohu8.com/S/STEM\">Stem公司。</a>“无论好坏，这都是一个需要大量资本的行业。”在今年早些时候完成SPAC交易后，Stem的市值大约翻了一番，达到28亿美元。该公司第三季度销售额约为4000万美元。</blockquote></p><p> Moving forward, some analysts expect a large gap between the winners and losers from the boom.</p><p><blockquote>展望未来，一些分析师预计繁荣的赢家和输家之间将存在巨大差距。</blockquote></p><p> “The availability of SPAC capital and of private capital gives companies options, but ultimately, the problems are caused by bringing the wrong company public or the wrong valuation,” said Mike Ryan, CEO of Bullet Point Network, a financial analytics company. A former Wall Street equity investor, Mr. Ryan also is a venture partner at Alpha Partners and board chair of a SPAC that Alpha Partners launched this summer.</p><p><blockquote>金融分析公司Bullet Point Network首席执行官迈克·瑞安(Mike Ryan)表示：“SPAC资本和私人资本的可用性为公司提供了选择，但最终，问题是由错误的公司上市或错误的估值造成的。”Ryan先生曾是华尔街股票投资者，也是Alpha Partners的风险合伙人以及Alpha Partners今年夏天推出的SPAC的董事会主席。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/the-900-billion-cash-pile-inflating-startup-valuations-11640539562?mod=hp_lead_pos6\">WSJ</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":{"ABNB":"爱彼迎","DASH":"DoorDash, Inc."},"source_url":"https://www.wsj.com/articles/the-900-billion-cash-pile-inflating-startup-valuations-11640539562?mod=hp_lead_pos6","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114239115","content_text":"Investors are defying a share-price slump for newly public companies to make hundreds of billions of dollars available to startups, a cash pile that promises to inject a torrent of money into early-stage firms in 2022 and beyond.\nSpecial-purpose acquisition companies, which take startups public through mergers, raised about $12 billion in each of October and November, roughly doubling their clip from each of the previous three months, Dealogic data show. So far in December, three SPACs a day are being created. While that is below the first quarter’s record pace, it brings the total amount held by the hundreds of SPACs seeking private companies to take public in the next two years to roughly $160 billion.\nThe cash committed to venture-capital firms and private-equity firms focused on rapidly growing companies but not yet spent also is ballooning. So-called dry powder hit about $440 billion for venture capitalists and roughly $310 billion for growth-focused PE firms earlier this month, according to Preqin.\nDespite billions of dollars in lost market value for publicly listed startups, the cash hoards represent buoyant demand from investors with interest rates near zero and stock indexes at or near records. They show how SPACs and private markets have been more resilient than many analysts expected, particularly with regulators ratcheting up scrutiny of so-called blank-check companies. Many analysts also expect interest rates to climb in the years ahead, potentially making moonshot bets on early-stage companies less attractive.\nStartups currently have several paths to access the cash, investors and executives say, particularly because a large chunk is flooding to companies working to decarbonize the economy. SPACs and other financiers often engage in bidding duels known on Wall Street as “SPAC-offs,” helping keep money flowing into startups.\n“There’s just so much money in the world chasing growth and returns,” said Bill Gross, who founded startup incubator Idealab.\nSometimes confused with the famous bond investor Bill Gross, Idealab’s Mr. Gross is chief executive of concentrated solar power startup Heliogen Inc. Heliogen, which doesn’t expect substantial revenue until 2023, is going public in a$2 billion SPAC deal. Another Idealab company, Energy Vault Inc.,unveiled a $1.6 billion SPAC merger in September.\nOutside of SPACs, cash is piling into startups at unprecedented rates from venture-capital firms and hedge funds such as Tiger Global Management LLC that traditionally were more focused on public companies. Nearly 340 new unicorn startups—or about one each day—have privately raised money at valuations north of $1 billion this year, more than triple the total from last year, PitchBook data show.\nIn the late summer, Mike Xu, CEO of food-distribution startup GrubMarket, began looking for $50 million of new funding for his business, which he said is profitable. By November, demand proved so high he ended up securing $240 million from investors—which itself was lower than what many wanted to commit. That included a $40 million commitment from Tiger Global that came together about a week after he began discussions with the New York-based investor.\n“It just moved extremely fast,” he said of the investment round valuing the firm at over $1.2 billion. “It was way more than we expected.” GrubMarket also secured funds managed by BlackRock Inc.\nCarbon Capture Inc., a startup working to remove carbon emissions directly from the atmosphere that also is backed by Mr. Gross’s Idealab, recently raised $35 million in its first round from investors including Salesforce Inc. co-CEO Marc Benioff’s venture firm.\nMany startups also have found excited investors at large technology companies, pension funds, and sovereign-wealth funds.\nThe fundraising frenzy is continuing even though sentiment toward newly public startups has cooled. An exchange-traded fund that tracks companies that went public through SPACs is down about 25% for the year. Meanwhile, an ETF of companies that recently did traditional initial public offerings has slumped roughly 15% in the past three months.\n\nSPACs are in focus for many investors because they have taken Wall Street and Silicon Valley by storm as a new way to quickly raise cash and go public. A SPAC is a shell firm that raises money and lists on a stock exchange with the sole intent of merging with a private firm to take it public. After regulators approve the deal, the private firm replaces the SPAC in the stock market.\nOne reason for SPACs’ sudden ubiquity is that startups are allowed to make business projections when going public that aren’t allowed in traditional IPOs.\nMany have struggled to meet those targets or have hit business snags, sending shares tumbling.Of the nearly 200 companies that have gone public through SPAC deals this year, about 75% have share prices below the SPAC’s listing price, according to SPAC Research. Nearly 40 companies have lost more than 50% of their value.\nRegulators have investigated several companies that went public this way after short sellers alleged wrongdoing, while multiple CEOs of newly listed electric-vehicle startups have resigned. Many analysts say SPACs allow startups to go public before they are ready.\nYet investors continue to pour money into emerging companies in any way they can, in search of the next DoorDash Inc.or Airbnb Inc., whose early backers have been well rewarded. Many deals are tied to fighting climate change, with investors also riding the momentum inTeslaInc.and others linked to the energy transition.\n“I would expect valuations will continue being driven up,” said John Carrington, CEO of clean-energy storage firm Stem Inc. “It’s an industry that needs a lot of capital, for better or worse.” Stem’s market value has roughly doubled to $2.8 billion after it completed a SPAC deal earlier this year. The company had about $40 million in sales in the third quarter.\nMoving forward, some analysts expect a large gap between the winners and losers from the boom.\n“The availability of SPAC capital and of private capital gives companies options, but ultimately, the problems are caused by bringing the wrong company public or the wrong valuation,” said Mike Ryan, CEO of Bullet Point Network, a financial analytics company. A former Wall Street equity investor, Mr. Ryan also is a venture partner at Alpha Partners and board chair of a SPAC that Alpha Partners launched this summer.","news_type":1,"symbols_score_info":{"DASH":0.9,"ABNB":0.9}},"isVote":1,"tweetType":1,"viewCount":2916,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696883560,"gmtCreate":1640662328934,"gmtModify":1640662329323,"author":{"id":"3580988274582448","authorId":"3580988274582448","name":"DragonKing","avatar":"https://static.tigerbbs.com/999074a932b6e7b44c07fcebc581aacb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580988274582448","authorIdStr":"3580988274582448"},"themes":[],"htmlText":"Get ready....","listText":"Get ready....","text":"Get ready....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696883560","repostId":"1127544468","repostType":4,"isVote":1,"tweetType":1,"viewCount":3375,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696907489,"gmtCreate":1640590057671,"gmtModify":1640590058090,"author":{"id":"3580988274582448","authorId":"3580988274582448","name":"DragonKing","avatar":"https://static.tigerbbs.com/999074a932b6e7b44c07fcebc581aacb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580988274582448","authorIdStr":"3580988274582448"},"themes":[],"htmlText":"Tine to buy...like pls.","listText":"Tine to buy...like pls.","text":"Tine to buy...like pls.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/696907489","repostId":"1136351826","repostType":4,"isVote":1,"tweetType":1,"viewCount":3565,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696907310,"gmtCreate":1640589965952,"gmtModify":1640589975560,"author":{"id":"3580988274582448","authorId":"3580988274582448","name":"DragonKing","avatar":"https://static.tigerbbs.com/999074a932b6e7b44c07fcebc581aacb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580988274582448","authorIdStr":"3580988274582448"},"themes":[],"htmlText":"All in.","listText":"All in.","text":"All in.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696907310","repostId":"1115384970","repostType":4,"isVote":1,"tweetType":1,"viewCount":3624,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698465891,"gmtCreate":1640498424628,"gmtModify":1640498424997,"author":{"id":"3580988274582448","authorId":"3580988274582448","name":"DragonKing","avatar":"https://static.tigerbbs.com/999074a932b6e7b44c07fcebc581aacb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580988274582448","authorIdStr":"3580988274582448"},"themes":[],"htmlText":"In. Like pls.","listText":"In. Like pls.","text":"In. Like pls.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/698465891","repostId":"2193033173","repostType":4,"isVote":1,"tweetType":1,"viewCount":3106,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698465393,"gmtCreate":1640498357563,"gmtModify":1640498357961,"author":{"id":"3580988274582448","authorId":"3580988274582448","name":"DragonKing","avatar":"https://static.tigerbbs.com/999074a932b6e7b44c07fcebc581aacb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580988274582448","authorIdStr":"3580988274582448"},"themes":[],"htmlText":"Yeah","listText":"Yeah","text":"Yeah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/698465393","repostId":"1144001147","repostType":4,"repost":{"id":"1144001147","kind":"news","pubTimestamp":1640485026,"share":"https://www.laohu8.com/m/news/1144001147?lang=zh_CN&edition=full","pubTime":"2021-12-26 10:17","market":"us","language":"en","title":"A Year After Announcing a Big Partnership, Ocugen Is in a Sorry State<blockquote>宣布大合作伙伴关系一年后，Ocugen的处境很糟糕</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1144001147","media":"InvestorPlace","summary":"In the last year, Ocugen(NASDAQ:OCGN) stock is still among the top performers. During this period, t","content":"<p><div> In the last year, Ocugen(NASDAQ:OCGN) stock is still among the top performers. During this period, the stock has surged by over 500%. The stock’s ascent began after Dec. 21, 2020 — starting from there...</p><p><blockquote><div>去年，Ocugen（纳斯达克股票代码：OCGN）股票仍然是表现最好的股票之一。在此期间，该股已大涨超500%。该股的上涨始于2020年12月21日之后——从那里开始……</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/12/a-year-after-its-big-partnership-with-bharat-ocgn-stock-is-in-a-sorry-state/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/a-year-after-its-big-partnership-with-bharat-ocgn-stock-is-in-a-sorry-state/\">网页连接</a></blockquote></p><p></p>","source":"lsy1606302653667","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>A Year After Announcing a Big Partnership, Ocugen Is in a Sorry State<blockquote>宣布大合作伙伴关系一年后，Ocugen的处境很糟糕</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\">\nA Year After Announcing a Big Partnership, Ocugen Is in a Sorry State<blockquote>宣布大合作伙伴关系一年后，Ocugen的处境很糟糕</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">InvestorPlace</strong><span class=\"h-time small\">2021-12-26 10:17</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> In the last year, Ocugen(NASDAQ:OCGN) stock is still among the top performers. During this period, the stock has surged by over 500%. The stock’s ascent began after Dec. 21, 2020 — starting from there...</p><p><blockquote><div>去年，Ocugen（纳斯达克股票代码：OCGN）股票仍然是表现最好的股票之一。在此期间，该股已大涨超500%。该股的上涨始于2020年12月21日之后——从那里开始……</div></blockquote></p><p>  <a href=\"https://investorplace.com/2021/12/a-year-after-its-big-partnership-with-bharat-ocgn-stock-is-in-a-sorry-state/\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://investorplace.com/2021/12/a-year-after-its-big-partnership-with-bharat-ocgn-stock-is-in-a-sorry-state/\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://investorplace.com/2021/12/a-year-after-its-big-partnership-with-bharat-ocgn-stock-is-in-a-sorry-state/\">InvestorPlace</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":{"OCGN":"Ocugen"},"source_url":"https://investorplace.com/2021/12/a-year-after-its-big-partnership-with-bharat-ocgn-stock-is-in-a-sorry-state/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144001147","content_text":"In the last year, Ocugen(NASDAQ:OCGN) stock is still among the top performers. During this period, the stock has surged by over 500%. The stock’s ascent began after Dec. 21, 2020 — starting from there, the stock is up over 1,600%.\nHowever, it’s worth noting that OCGN stock was trading well below one dollar before it stitched a partnership with Bharat Biotech. The companies announced plans to begin manufacturing Covid-19 vaccines in the U.S. on Dec. 22 last year.\nBeyond the news of this partnership, there has been little to cheer for investors. OCGN stock traded at all-time highs of $18.77 in February and reached slightly lower peaks in May and November. The stock traded at $5.12 at the start of Dec. 23.\nOcugen will continue to underperform going forward. Even after the downtrend in the last few months, OCGN stock should be avoided.\nLet’s talk about the reasons to be bearish.\nFDA Approval Remains Elusive\nPfizer(NYSE:PFE) and Moderna(NASDAQ:MRNA) have been leaders in the vaccine race in the U.S. In a country where more than 70% of the population has already been vaccinated, Ocugen has yet to secure an approval from the U.S. Food and Drug Administration.\nBack in June, the biotech company’s application for emergency use authorization was rejected by the FDA. The recommendation by the FDA was to file for a biologics license application, which implies full approval.\nIn November, Ocugen announced that the FDA has “issued a clinical hold on the Company’s Investigational New Drug application (IND) to evaluate the COVID-19 vaccine candidate.” The FDA will be identifying the specific deficiencies that form a basis for the clinical hold. Once Ocugen addresses these deficiencies, there will be some progress.\nThe key point is that it’s been over a year since Ocugen announced the partnership with Bharat Biotech. The company has still been unsuccessful from an approval perspective.\nIn July, Ocugen had also initiated a rolling submission to Health Canada for the vaccine. There is no positive news on that front either.\nLet’s imagine a scenario where Ocugen receives an approval for vaccine use in Q1 2022. This is very unlikely. However, even in an optimistic case scenario, Ocugen needs to compete in a market where vaccination percentage is high. There is unlikely to be a case for strong revenue and cash flow growth.\nCan Omicron Provide a Lifeline for OCGN Stock?\nThe omicron variant has been a cause of concern for governments globally. Ocugen and partner Bharat Biotech are currently studying the effectiveness of the vaccine against the variant.\nIf the vaccine proves to be effective, can it be a game-changer for Ocugen? Most likely, no.\nFirst and foremost, Moderna has announced that its Covid-19 booster increases neutralizing antibodies 37-fold against Omicron variant.\nFurthermore, Pfizer has announced that a third dose increases the “neutralizing antibody by 25-fold compared to two doses against the Omicron variant.”\nClearly, the leading vaccine makers have an edge. Even if Ocugen announces that its vaccine is effective against the omicron variant, the stock is unlikely to trend higher.\nPeople who have already taken two shots of Moderna or Pfizer are unlikely to pursue a booster shot with Ocugen. Additionally, Ocugen is still struggling for approval.\nIt’s also worth noting that Ocugen needs to share revenue with Bharat Biotech. The visibility for healthy cash flows is therefore very unlikely.\nOCGN Stock Will Trend Lower\nOCGN stock is likely to continue trending lower in the coming months. Without an approval, the company is rapidly losing out on any revenue and cash flow potential.\nThe company is building a pipeline of drugs for various indications. However, the pipeline for various indications is still at a pre-clinical stage.\nThe stock trend will therefore be dictated by the outcome of Covid-19 vaccine approval and revenue potential. Things seem bleak on that front.\nIt also seems unlikely that Ocugen has a capability to expand the vaccine partnership with Bharat Biotech to other countries.","news_type":1,"symbols_score_info":{"OCGN":0.9}},"isVote":1,"tweetType":1,"viewCount":3376,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698122582,"gmtCreate":1640323440813,"gmtModify":1640323441182,"author":{"id":"3580988274582448","authorId":"3580988274582448","name":"DragonKing","avatar":"https://static.tigerbbs.com/999074a932b6e7b44c07fcebc581aacb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580988274582448","authorIdStr":"3580988274582448"},"themes":[],"htmlText":"All in.","listText":"All in.","text":"All in.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/698122582","repostId":"1105709224","repostType":4,"repost":{"id":"1105709224","kind":"news","pubTimestamp":1640322562,"share":"https://www.laohu8.com/m/news/1105709224?lang=zh_CN&edition=full","pubTime":"2021-12-24 13:09","market":"us","language":"en","title":"Will Netflix Stock Hit $700 in 2022?<blockquote>Netflix股价会在2022年达到700美元吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1105709224","media":"Motley Fool","summary":"Up just 17% in 2021, this streaming innovator might be poised for a huge run next year.","content":"<p><b>Key Points</b></p><p><blockquote><b>要点</b></blockquote></p><p> <ul>  <li>Netflix was one of the biggest winners in 2020 during the depth of the pandemic, but things have been different this year.</li>  <li>The streaming company's production studios are largely up and running worldwide, increasing the likelihood of a normalized content slate in 2022.</li>  <li>If Netflix adds customers next year in line with historical growth, the stock should reach $700.</li> </ul> One of the biggest winners of the coronavirus pandemic was&nbsp;<b>Netflix</b>&nbsp;(NASDAQ:NFLX). This top media business saw its stock price soar 67%&nbsp;in 2020,&nbsp;supported by a&nbsp;growing&nbsp;user&nbsp;base. With people stuck at home, the company experienced pulled-forward demand last year.</p><p><blockquote><ul><li>在疫情最严重的时期，Netflix是2020年最大的赢家之一，但今年情况有所不同。</li><li>这家流媒体公司的制作工作室大部分已在全球范围内建立并运行，这增加了2022年内容正常化的可能性。</li><li>如果Netflix明年增加的客户数量与历史增长一致，该股应该会达到700美元。</li></ul>冠状病毒大流行的最大赢家之一是<b>Netflix</b>（纳斯达克：NFLX）。在不断增长的用户群的支持下，这家顶级媒体企业的股价在2020年飙升了67%。由于人们被困在家里，该公司去年经历了需求的拉动。</blockquote></p><p> During the first nine months of 2021, however, Netflix added just 10 million subscribers, and the stock has significantly trailed the&nbsp;<b>S&amp;P 500</b>&nbsp;this year. The&nbsp;streaming industry&nbsp;is becoming increasingly crowded with new rivals coming to market, and with economies slowly opening back up, consumers want to enjoy other leisure activities.</p><p><blockquote>然而，2021年前9个月，Netflix仅增加了1000万订阅用户，该股大幅落后于<b>标普500</b>今年。随着新的竞争对手进入市场，流媒体行业变得越来越拥挤，随着经济慢慢恢复开放，消费者希望享受其他休闲活动。</blockquote></p><p> What does next year hold? Can Netflix's stock price reach $700 at some point in 2022? Let's find out.</p><p><blockquote>明年会发生什么？Netflix的股价能否在2022年某个时候达到700美元？让我们一探究竟。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f33834bd990b835cdac9f1e5c18110a\" tg-width=\"2000\" tg-height=\"1448\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Productions are up and running</b></p><p><blockquote><b>生产已启动并运行</b></blockquote></p><p> The pandemic caused major production delays in 2020, leading to a lighter content slate for Netflix at the beginning of this year. Therefore, it shouldn't surprise anyone that&nbsp;membership&nbsp;growth in the first half of 2021&nbsp;was weak.</p><p><blockquote>疫情在2020年造成了重大的制作延迟，导致今年年初网飞的内容变得更加轻松。因此，2021年上半年会员增长疲软不应让任何人感到惊讶。</blockquote></p><p> But management has said that productions are largely back up and running. The company is currently producing local content in&nbsp;45 different countries. As my colleague Adam Levy points out, streaming services need to&nbsp;introduce new hit series&nbsp;to gain new customers.</p><p><blockquote>但管理层表示，生产已基本恢复运行。该公司目前在45个不同的国家制作本地内容。正如我的同事亚当·利维（Adam Levy）指出的那样，流媒体服务需要推出新的热门剧集来获得新客户。</blockquote></p><p> And this costs money. Luckily for Netflix, it has deep pockets and will end 2021&nbsp;having spent $17&nbsp;billion in cash on content. Management expects the current three-month period to be the strongest fourth-quarter content&nbsp;offering&nbsp;ever, something that will help&nbsp;bring&nbsp;new&nbsp;customers to the service.</p><p><blockquote>这是要花钱的。对Netflix来说幸运的是，它财力雄厚，到2021年底将在内容上花费170亿美元现金。管理层预计，当前的三个月将是有史以来最强劲的第四季度内容提供，这将有助于为该服务带来新客户。</blockquote></p><p> \"Assuming no new COVID waves or unforeseen events that result in large-scale production shutdowns, we currently anticipate a more normalized content slate in 2022, with a greater number of originals in 2022 vs. 2021,\" the leadership team highlighted in the Q3 shareholder&nbsp;letter.</p><p><blockquote>领导团队在第三季度股东信中强调：“假设没有新的COVID浪潮或不可预见的事件导致大规模生产停工，我们目前预计2022年的内容列表将更加正常化，2022年的原创数量将比2021年更多。”</blockquote></p><p> When it comes to Netflix, Wall Street unsurprisingly fixates on one data point above all else: subscriber growth. This drives the stock price. Having fresh shows and movies on tap for 2022 will help expand the user base, which supports revenue and profit growth.</p><p><blockquote>当谈到Netflix时，华尔街不出所料地关注一个数据点：用户增长。这推动了股价。2022年推出新节目和电影将有助于扩大用户群，从而支持收入和利润增长。</blockquote></p><p> <b>Don't count this winner out</b></p><p><blockquote><b>不要把这个赢家排除在外</b></blockquote></p><p> I think it's completely realistic for Netflix to reach $700 a share by the end of 2022. Based on Dec. 21's closing stock price of $605, this would imply a roughly&nbsp;16% appreciation.</p><p><blockquote>我认为Netflix到2022年底达到每股700美元是完全现实的。根据12月21日605美元的收盘价计算，这意味着上涨约16%。</blockquote></p><p> After a couple of lumpy years, I think it's fair to assume that Netflix can add 25 million subscribers in 2022. This is in line with the growth in recent years, in the range of 25 million to 30 million member additions per year. Including estimates for the fourth quarter of 2021 and all of next year, the business should end 2022 with approximately 247 million&nbsp;customers.</p><p><blockquote>经过几年的坎坷，我认为可以公平地假设Netflix可以在2022年增加2500万用户。这与近年来每年增加2500万至3000万会员的增长一致。包括对2021年第四季度和明年全年的估计，该业务到2022年底将拥有约2.47亿客户。</blockquote></p><p> Now, what the stock price does depends on how much Netflix's results can surprise Wall Street to the upside. With&nbsp;<b>Walt&nbsp;Disney</b>'s Disney+ service reporting&nbsp;disappointing subscriber growth&nbsp;of 2.1 million in its latest fiscal quarter, I suspect the sentiment for streaming companies is weak heading into the new year. Moreover, reopening economies add pessimism for streaming services, which tend to benefit from lockdowns and anti-pandemic policies.</p><p><blockquote>现在，股价走势取决于Netflix的业绩能给华尔街带来多大惊喜。与<b>迪斯尼</b>Disney+服务报告称，最近一个财季的订户增长了210万，令人失望，我怀疑流媒体公司在进入新的一年时的情绪疲软。此外，经济重新开放加剧了流媒体服务的悲观情绪，这些服务往往受益于封锁和抗疫政策。</blockquote></p><p> Therefore, if Netflix increases its customer base by 25 million next year, which is outstanding growth in any case, I see the stock rising meaningfully. What's more, expanding profitability and positive free cash flow in 2022 will boost optimism surrounding the business.</p><p><blockquote>因此，如果Netflix明年的客户群增加2500万（无论如何这都是出色的增长），我认为该股将大幅上涨。更重要的是，2022年盈利能力的扩大和正的自由现金流将提振人们对该业务的乐观情绪。</blockquote></p><p> Analysts forecast Netflix's earnings to grow 23%&nbsp;in 2022. Even if the current price-to-earnings ratio of&nbsp;55 comes down slightly, the stock will likely hit $700 in 12 months. Factoring in the likelihood of positive surprises when the company reports quarterly results throughout the year, $700 per share might be a conservative price target.</p><p><blockquote>分析师预测Netflix 2022年盈利将增长23%。即使目前55的市盈率略有下降，该股也可能在12个月内触及700美元。考虑到公司全年公布季度业绩时可能出现积极惊喜的可能性，每股700美元可能是一个保守的目标价。</blockquote></p><p> Even a more mature Netflix can provide outstanding returns for shareholders in 2022.</p><p><blockquote>即使是更成熟的奈飞，也能在2022年为股东提供出色的回报。</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>Will Netflix Stock Hit $700 in 2022?<blockquote>Netflix股价会在2022年达到700美元吗？</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\">\nWill Netflix Stock Hit $700 in 2022?<blockquote>Netflix股价会在2022年达到700美元吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-12-24 13:09</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Key Points</b></p><p><blockquote><b>要点</b></blockquote></p><p> <ul>  <li>Netflix was one of the biggest winners in 2020 during the depth of the pandemic, but things have been different this year.</li>  <li>The streaming company's production studios are largely up and running worldwide, increasing the likelihood of a normalized content slate in 2022.</li>  <li>If Netflix adds customers next year in line with historical growth, the stock should reach $700.</li> </ul> One of the biggest winners of the coronavirus pandemic was&nbsp;<b>Netflix</b>&nbsp;(NASDAQ:NFLX). This top media business saw its stock price soar 67%&nbsp;in 2020,&nbsp;supported by a&nbsp;growing&nbsp;user&nbsp;base. With people stuck at home, the company experienced pulled-forward demand last year.</p><p><blockquote><ul><li>在疫情最严重的时期，Netflix是2020年最大的赢家之一，但今年情况有所不同。</li><li>这家流媒体公司的制作工作室大部分已在全球范围内建立并运行，这增加了2022年内容正常化的可能性。</li><li>如果Netflix明年增加的客户数量与历史增长一致，该股应该会达到700美元。</li></ul>冠状病毒大流行的最大赢家之一是<b>Netflix</b>（纳斯达克：NFLX）。在不断增长的用户群的支持下，这家顶级媒体企业的股价在2020年飙升了67%。由于人们被困在家里，该公司去年经历了需求的拉动。</blockquote></p><p> During the first nine months of 2021, however, Netflix added just 10 million subscribers, and the stock has significantly trailed the&nbsp;<b>S&amp;P 500</b>&nbsp;this year. The&nbsp;streaming industry&nbsp;is becoming increasingly crowded with new rivals coming to market, and with economies slowly opening back up, consumers want to enjoy other leisure activities.</p><p><blockquote>然而，2021年前9个月，Netflix仅增加了1000万订阅用户，该股大幅落后于<b>标普500</b>今年。随着新的竞争对手进入市场，流媒体行业变得越来越拥挤，随着经济慢慢恢复开放，消费者希望享受其他休闲活动。</blockquote></p><p> What does next year hold? Can Netflix's stock price reach $700 at some point in 2022? Let's find out.</p><p><blockquote>明年会发生什么？Netflix的股价能否在2022年某个时候达到700美元？让我们一探究竟。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f33834bd990b835cdac9f1e5c18110a\" tg-width=\"2000\" tg-height=\"1448\" width=\"100%\" height=\"auto\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><blockquote><p class=\"t-img-caption\"><span>图片来源：盖蒂图片社。</span></p></blockquote></p><p> <b>Productions are up and running</b></p><p><blockquote><b>生产已启动并运行</b></blockquote></p><p> The pandemic caused major production delays in 2020, leading to a lighter content slate for Netflix at the beginning of this year. Therefore, it shouldn't surprise anyone that&nbsp;membership&nbsp;growth in the first half of 2021&nbsp;was weak.</p><p><blockquote>疫情在2020年造成了重大的制作延迟，导致今年年初网飞的内容变得更加轻松。因此，2021年上半年会员增长疲软不应让任何人感到惊讶。</blockquote></p><p> But management has said that productions are largely back up and running. The company is currently producing local content in&nbsp;45 different countries. As my colleague Adam Levy points out, streaming services need to&nbsp;introduce new hit series&nbsp;to gain new customers.</p><p><blockquote>但管理层表示，生产已基本恢复运行。该公司目前在45个不同的国家制作本地内容。正如我的同事亚当·利维（Adam Levy）指出的那样，流媒体服务需要推出新的热门剧集来获得新客户。</blockquote></p><p> And this costs money. Luckily for Netflix, it has deep pockets and will end 2021&nbsp;having spent $17&nbsp;billion in cash on content. Management expects the current three-month period to be the strongest fourth-quarter content&nbsp;offering&nbsp;ever, something that will help&nbsp;bring&nbsp;new&nbsp;customers to the service.</p><p><blockquote>这是要花钱的。对Netflix来说幸运的是，它财力雄厚，到2021年底将在内容上花费170亿美元现金。管理层预计，当前的三个月将是有史以来最强劲的第四季度内容提供，这将有助于为该服务带来新客户。</blockquote></p><p> \"Assuming no new COVID waves or unforeseen events that result in large-scale production shutdowns, we currently anticipate a more normalized content slate in 2022, with a greater number of originals in 2022 vs. 2021,\" the leadership team highlighted in the Q3 shareholder&nbsp;letter.</p><p><blockquote>领导团队在第三季度股东信中强调：“假设没有新的COVID浪潮或不可预见的事件导致大规模生产停工，我们目前预计2022年的内容列表将更加正常化，2022年的原创数量将比2021年更多。”</blockquote></p><p> When it comes to Netflix, Wall Street unsurprisingly fixates on one data point above all else: subscriber growth. This drives the stock price. Having fresh shows and movies on tap for 2022 will help expand the user base, which supports revenue and profit growth.</p><p><blockquote>当谈到Netflix时，华尔街不出所料地关注一个数据点：用户增长。这推动了股价。2022年推出新节目和电影将有助于扩大用户群，从而支持收入和利润增长。</blockquote></p><p> <b>Don't count this winner out</b></p><p><blockquote><b>不要把这个赢家排除在外</b></blockquote></p><p> I think it's completely realistic for Netflix to reach $700 a share by the end of 2022. Based on Dec. 21's closing stock price of $605, this would imply a roughly&nbsp;16% appreciation.</p><p><blockquote>我认为Netflix到2022年底达到每股700美元是完全现实的。根据12月21日605美元的收盘价计算，这意味着上涨约16%。</blockquote></p><p> After a couple of lumpy years, I think it's fair to assume that Netflix can add 25 million subscribers in 2022. This is in line with the growth in recent years, in the range of 25 million to 30 million member additions per year. Including estimates for the fourth quarter of 2021 and all of next year, the business should end 2022 with approximately 247 million&nbsp;customers.</p><p><blockquote>经过几年的坎坷，我认为可以公平地假设Netflix可以在2022年增加2500万用户。这与近年来每年增加2500万至3000万会员的增长一致。包括对2021年第四季度和明年全年的估计，该业务到2022年底将拥有约2.47亿客户。</blockquote></p><p> Now, what the stock price does depends on how much Netflix's results can surprise Wall Street to the upside. With&nbsp;<b>Walt&nbsp;Disney</b>'s Disney+ service reporting&nbsp;disappointing subscriber growth&nbsp;of 2.1 million in its latest fiscal quarter, I suspect the sentiment for streaming companies is weak heading into the new year. Moreover, reopening economies add pessimism for streaming services, which tend to benefit from lockdowns and anti-pandemic policies.</p><p><blockquote>现在，股价走势取决于Netflix的业绩能给华尔街带来多大惊喜。与<b>迪斯尼</b>Disney+服务报告称，最近一个财季的订户增长了210万，令人失望，我怀疑流媒体公司在进入新的一年时的情绪疲软。此外，经济重新开放加剧了流媒体服务的悲观情绪，这些服务往往受益于封锁和抗疫政策。</blockquote></p><p> Therefore, if Netflix increases its customer base by 25 million next year, which is outstanding growth in any case, I see the stock rising meaningfully. What's more, expanding profitability and positive free cash flow in 2022 will boost optimism surrounding the business.</p><p><blockquote>因此，如果Netflix明年的客户群增加2500万（无论如何这都是出色的增长），我认为该股将大幅上涨。更重要的是，2022年盈利能力的扩大和正的自由现金流将提振人们对该业务的乐观情绪。</blockquote></p><p> Analysts forecast Netflix's earnings to grow 23%&nbsp;in 2022. Even if the current price-to-earnings ratio of&nbsp;55 comes down slightly, the stock will likely hit $700 in 12 months. Factoring in the likelihood of positive surprises when the company reports quarterly results throughout the year, $700 per share might be a conservative price target.</p><p><blockquote>分析师预测Netflix 2022年盈利将增长23%。即使目前55的市盈率略有下降，该股也可能在12个月内触及700美元。考虑到公司全年公布季度业绩时可能出现积极惊喜的可能性，每股700美元可能是一个保守的目标价。</blockquote></p><p> Even a more mature Netflix can provide outstanding returns for shareholders in 2022.</p><p><blockquote>即使是更成熟的奈飞，也能在2022年为股东提供出色的回报。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/12/23/will-netflix-stock-hit-700-in-2022/\">Motley Fool</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":{"NFLX":"奈飞"},"source_url":"https://www.fool.com/investing/2021/12/23/will-netflix-stock-hit-700-in-2022/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105709224","content_text":"Key Points\n\nNetflix was one of the biggest winners in 2020 during the depth of the pandemic, but things have been different this year.\nThe streaming company's production studios are largely up and running worldwide, increasing the likelihood of a normalized content slate in 2022.\nIf Netflix adds customers next year in line with historical growth, the stock should reach $700.\n\nOne of the biggest winners of the coronavirus pandemic was Netflix (NASDAQ:NFLX). This top media business saw its stock price soar 67% in 2020, supported by a growing user base. With people stuck at home, the company experienced pulled-forward demand last year.\nDuring the first nine months of 2021, however, Netflix added just 10 million subscribers, and the stock has significantly trailed the S&P 500 this year. The streaming industry is becoming increasingly crowded with new rivals coming to market, and with economies slowly opening back up, consumers want to enjoy other leisure activities.\nWhat does next year hold? Can Netflix's stock price reach $700 at some point in 2022? Let's find out.\nIMAGE SOURCE: GETTY IMAGES.\nProductions are up and running\nThe pandemic caused major production delays in 2020, leading to a lighter content slate for Netflix at the beginning of this year. Therefore, it shouldn't surprise anyone that membership growth in the first half of 2021 was weak.\nBut management has said that productions are largely back up and running. The company is currently producing local content in 45 different countries. As my colleague Adam Levy points out, streaming services need to introduce new hit series to gain new customers.\nAnd this costs money. Luckily for Netflix, it has deep pockets and will end 2021 having spent $17 billion in cash on content. Management expects the current three-month period to be the strongest fourth-quarter content offering ever, something that will help bring new customers to the service.\n\"Assuming no new COVID waves or unforeseen events that result in large-scale production shutdowns, we currently anticipate a more normalized content slate in 2022, with a greater number of originals in 2022 vs. 2021,\" the leadership team highlighted in the Q3 shareholder letter.\nWhen it comes to Netflix, Wall Street unsurprisingly fixates on one data point above all else: subscriber growth. This drives the stock price. Having fresh shows and movies on tap for 2022 will help expand the user base, which supports revenue and profit growth.\nDon't count this winner out\nI think it's completely realistic for Netflix to reach $700 a share by the end of 2022. Based on Dec. 21's closing stock price of $605, this would imply a roughly 16% appreciation.\nAfter a couple of lumpy years, I think it's fair to assume that Netflix can add 25 million subscribers in 2022. This is in line with the growth in recent years, in the range of 25 million to 30 million member additions per year. Including estimates for the fourth quarter of 2021 and all of next year, the business should end 2022 with approximately 247 million customers.\nNow, what the stock price does depends on how much Netflix's results can surprise Wall Street to the upside. With Walt Disney's Disney+ service reporting disappointing subscriber growth of 2.1 million in its latest fiscal quarter, I suspect the sentiment for streaming companies is weak heading into the new year. Moreover, reopening economies add pessimism for streaming services, which tend to benefit from lockdowns and anti-pandemic policies.\nTherefore, if Netflix increases its customer base by 25 million next year, which is outstanding growth in any case, I see the stock rising meaningfully. What's more, expanding profitability and positive free cash flow in 2022 will boost optimism surrounding the business.\nAnalysts forecast Netflix's earnings to grow 23% in 2022. Even if the current price-to-earnings ratio of 55 comes down slightly, the stock will likely hit $700 in 12 months. Factoring in the likelihood of positive surprises when the company reports quarterly results throughout the year, $700 per share might be a conservative price target.\nEven a more mature Netflix can provide outstanding returns for shareholders in 2022.","news_type":1,"symbols_score_info":{"NFLX":0.9}},"isVote":1,"tweetType":1,"viewCount":3044,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698122240,"gmtCreate":1640323421437,"gmtModify":1640323424232,"author":{"id":"3580988274582448","authorId":"3580988274582448","name":"DragonKing","avatar":"https://static.tigerbbs.com/999074a932b6e7b44c07fcebc581aacb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580988274582448","authorIdStr":"3580988274582448"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/698122240","repostId":"1105843279","repostType":4,"isVote":1,"tweetType":1,"viewCount":4276,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698122681,"gmtCreate":1640323409041,"gmtModify":1640323423877,"author":{"id":"3580988274582448","authorId":"3580988274582448","name":"DragonKing","avatar":"https://static.tigerbbs.com/999074a932b6e7b44c07fcebc581aacb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580988274582448","authorIdStr":"3580988274582448"},"themes":[],"htmlText":"Down please...","listText":"Down please...","text":"Down please...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/698122681","repostId":"2193078140","repostType":4,"isVote":1,"tweetType":1,"viewCount":4163,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"defaultTab":"posts","isTTM":false}