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1161 days ago

Chinese vape maker RLX Technology jumped 146% in trading debut, now down below opening price

RLX raised $1.4 billion in a US IPO. Depositary shares rose to $34 after a $25 opening. Shares are now $24.27 with pre-markets orders at $23.39. Source: FlowOne

#Technology

1161 days ago

Qualtrics IPO sees successful debut

Shares of Qualtrics a spinoff from SAP rose close to 40% in its IPO debut amid a surge in interest from enterprise-software hungry investors. With an opening price of $30.00, Qualtrics soared to $45.50 at market close. Source: Yahoo

#Technology

1162 days ago

SAP can still turn its 1% market share around

SAP is one of the smaller players in the enterprise software cloud space (where Amazon sees 33% market share). SAP recently announced a partnership with Microsoft--Teams will now be integrated into the SAP platform. SAP enables companies to access all their data in one platform, may it be managing inventory, bookkeeping, or logistics and hiring. Recent lower cloud revenues are however a problem the company faces. SAP offers its own cloud service, known as S/4Hana, but customers have been slow to shift apps online, in part because their IT systems have grown increasingly complex over time. Source: WSJ

#Technology

1163 days ago

Apple revenues continue to grow surpassing 2018 levels despite iPhone sales slow down

Apple  surpassed every earnings estimate in 2020 with EPS last quarter increasing quarter to quarter from $0.65 to $0.73. Net income in 2020 was $57 billion with Q4 showing a profit of close to $15 billion. Source: BoA/FT

#Stocks #Technology

1163 days ago

Tech valuations now vs dot com era graphic

High price-to-earnings (P/E ratio) means investors are willing to pay a premium to hold a specific stock. It could mean the stock is very promising with future cashflows and earnings growth justifying the high share price. It could also mean that a stock is overvalued, overbought, and hence a riskier investment. How do you assess this comparison with the dot come era (source: FT):

#Technology
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