The $2.5bn Bird pre-money valuation sparks new optimism but hurdles remain in infrastructure and road ‘nuisance’
That valuation sounds like the business has a serious grasp
on the market.
BuzzVestor
did a quick snoop to see where this market is going. And supposedly it has
traction, according to a new report.
The
Global Electric Scooter and Motorcycle market accounted for $7.5bn in 2018 and
is expected to reach $16.5bn by 2027...
Softbank ‘unicorn’ Grab gets stung with $21m fine
With 45 investors supporting the business, including Invesco, Experian Ventures, and Softbank Vision Fund, the proposed fine puts a dent in the company’s reputation following its July US$2bn 5-year Softbank-backed digital infrastructure plan to expand into Indonesia.
Following the merger between Grab and Uber in late March
2018, Grab swiftly became the dominant player...
Money on my Mind: Why it’s wise to get the latest on IHT before you KTB
We, mortals, are left to the whims of politicians when it comes to inheritance taxes. It is a morbid thought, a toss-of-the-coin-countdown to when you think you may kick the bucket (KTB).
However, Chancellor Javid made some musings over cutting inheritance tax (IHT) at the recent Conservative Party Conference. Or at least he shared...
Private equity’s General Atlantic bearish on China
Private equity firms are divided on the stability and growth trajectory of China-based portfolio company investments. Uncertainty is ruling this space, but General Atlantic CEO Bill Ford remains positive and is looking at China long-term. About 55% of General Atlantic’s portfolio is invested outside the United States, with about 10% in China, reports CNBC.
UPS drone airline: pulling in revenues, spurring new eco-system gains, building scale over time
This week the world’s first revenue-generating drone airline, yes that’s a thing now, was launched by UPS and approved by the US Federal Aviation Administration through an industry-first Part 135 Standard certification, UPS reported.
Last Friday, UPS
subsidiary, UPS Flight Forward Inc., launched the first drone delivery flight by any company under Part 135
Standard at...
What every Founder/CEO can learn by opening a can of Play-Doh
Transforming a challenge into a solution is something my mother has often succeeded in. One of my first memories of this trait occurred on a rainy day in 1979. Head tilted chin in hand, a look of forlorn on my freckled cheeks, Mom walked into the kitchen and found her kindergartner sulking and counting raindrops. The family...
Climate-resilient infra funds on the cards as EBRD launches $700m bond
The EBRD has launched the first-ever dedicated climate resilience bond, raising US$ 700m with the issuance.
BNP Paribas, Goldman Sachs, and Skandinaviska Enskilda Banken AB acted as joint bookrunners, which saw demand from approximately 40 investors in 15 countries.
The proceeds from the five-year bond will be used to finance the...
Climate change: the new private-sector led asset class?
This week global advisory and insurer, Willis Towers Watson (NASDAQ: WLTW), launched in tandem with governments including the UK and Jamaica, the Global Commission on Adaptation and the World Economic Forum, a private-sector led Coalition for Climate Resilient Investment.
The definition of climate-resilient infrastructure investment will need more explaining or at least more fine-tuning,...
DeVos’ OAPC latest family office to take stake in private equity firm
Signs that family offices will keep overall portfolio allocation in private equity at or slightly above 15% are expected to continue as interest rates stay low and uncertainty and volatility in global public markets and geopolitics prevail into 2020.
This allocation away from the traditional asset classes of equities and fixed income improved...
UK business investment falls for the sixth quarter and UK credit conditions ‘tightening’ for SMEs, says BOE report
Business investment
in the UK had fallen by 0.5% in 2019 Q2, and had now declined in five of the
past six quarters, according to The Bank of
England’s Monetary Policy Committee (MPC) meeting ending on 18 September 2019, which
also voted unanimously to maintain Bank Rate at 0.75%.
Contacts of
the Bank’s Agents had continued to report...