If confirmed, OpenAI workers' sale of a reported $6.6 billion in shares to investors would make the company the world's most valuable startup, overtaking Elon Musk's rocket company SpaceX -- valued at around $400 billion.
Total market value of Saudi stocks hits $2.97 trillion
Riyadh, Saudi Arabia - The total market value of the primary Saudi stock market, represented by the All Tadawul Share Index (TASI), has reached an impressive SR11 trillion ($2.97 trillion). This valuation encompasses shares from 231 listed companies and funds currently actively traded in the market. An analysis of the...
Market downturn impacts growth equity valuation
For strong growth companies, the choice has narrowed down to growth funding vs private equity and both have different criteria. Very often, companies prefer growth-oriented investors for higher valuations, whereas many PE investors remain by nature more cautious, he adds.
Valuations tank but it’s not yet doom and gloom
Some of the fear in markets is unjustified, at least for now. Many of the economic factors that propelled deal-making last year, namely interest rates, haven’t actually changed yet either. VCs, corporates, and others are still flush with cash, and they need to put their money to work, he adds.
Dubai road-toll operator Salik’s IPO to sell 20% shares
According to its intention-to-float document, the company is selling 1.5 billion shares and the offer price will be confirmed on September 22.Listed insurance firms’ in UAE net profits at $222m in H1 2022
The total premiums of insurance companies listed in local financial markets in the first half of 2022 increased by 7.64 percent year-on-year to $302 million while their net profits totaled $222 million.
ADNOC is UAE’s most valuable brand for 4th year
ADNOC maintained in 2022 its position as the UAE's most valuable brand for the fourth consecutive year, according to a new report from Brand Finance, the world's leading independent brand valuation consultancy. Brand Finance also ranked Dr. Sultan bin Ahmed Al Jaber, Managing Director and Group CEO of ADNOC, number...Apple hits $3trn valuation
It has become the first US company to reach that valuation.
Fertiglobe IPO set for $6bn valuation as subscription ends
Fertiglobe, the fertilizer firm, is all set to earn a $6 billion valuation as 114.6 million shares were allocated on the Abu Dhabi stock market.
UAE kitchen firm Kitopi’s valuation crosses $1 billion
The Dubai-based cloud kitchen company Kitopi has crossed $1 billion in valuation, its CEO has said Its valuation went up after it had successfully raised more than $400 million in fundraising Kitopi, the Dubai-based cloud kitchen company, has seen its valuation go through the roof, crossing one $1 billion, after...
