Saturday☕️
Trending:
- Instacart IPO
- Rolls Royce Droptail
Markets:
- Yesterday's U.S. stock market:
- Yesterday's commodity market:
- Yesterday's crypto market:
Instacart IPO:
- Instacart, the popular grocery delivery platform, reported a revenue surge of 31% for the first half of 2023, as it steadily approaches its eagerly-awaited IPO. This comes shortly after SoftBank-supported Arm Holdings shared its own IPO intentions, with both firms serving as potential barometers for investor interest in IPOs.
- Excluding SPACs, IPOs this year have already secured $10.3 billion through 77 launches, a notable surge from 2022's figures. Although Instacart discreetly initiated its IPO process 15 months prior, it delayed its public debut due to market fluctuations in tech stocks and Federal Reserve strategies.
- Reporting a revenue of $1.48 billion in Q1 and Q2 2023, an improvement from the $1.13 billion of Q1 and Q2 2022, and a notable profit gain. Goldman Sachs and J.P. Morgan are set to spearhead Instacart's offering, with plans to list its shares as "CART" on the Nasdaq. Instacart, founded in 2012, serves customers in the U.S. and Canada, delivering groceries in as little as half an hour.
- Instacart's valuation journey has been rocky, decreasing to $10 billion in late 2022 from a previous high, but then rebounding by 18% this April. They had previously contemplated a direct listing and in 2021, welcomed Frank Slootman, an IPO veteran, to their board.
Rolls Royce:
- Rolls-Royce, the renowned British luxury car brand, has debuted the La Rose Noire Droptail, an exclusive model with a price tag exceeding $30 million. Leading the line-up of four planned Droptails, this vehicle redefines the classic four-seater sedan into a sleek two-seater roadster.
- Its lavish interiors house a specialized compartment for champagne and feature a unique Audemars Piguet watch embedded in the dashboard, which can also be sported on the wrist. Although exact performance specs are yet to be disclosed, it's believed to possess a 6.75-Liter V12 engine, akin to those in the Ghost and Phantom models, achieving 0-60 mph in a swift 4.6 seconds.
Statistic:
- Top 20 largest healthcare companies by market cap:
- 🇺🇸 UnitedHealth: $455.38B
- 🇺🇸 Elevance Health: $106.63B
- 🇺🇸 CVS Health: $86.46B
- 🇺🇸 HCA Healthcare: $75.17B
- 🇺🇸 McKesson: $58.12B
- 🇩🇪 Siemens Healthineers: $55.18B
- 🇺🇸 AmerisourceBergen: $36.04B
- 🇺🇸 Centene: $34.37B
- 🇨🇳 AIER Eye Hospital: $22.29B
- 🇺🇸 Cardinal Health: $21.96B
- 🇺🇸 Baxter: $21.03B
- 🇺🇸 Molina Healthcare: $18.59B
- 🇩🇪 Fresenius: $17.92B
- 🇨🇳 JD Health: $17.68B
- 🇩🇪 Fresenius Medical Care: $14.27B
- 🇧🇷 Rede D'Or Sao Luiz: $13.44B
- 🇯🇵 M3, Inc: $13.15B
- 🇹🇭 Bangkok Dusit Medical Services (BDMS): $12.96B
- 🇲🇾 IHH Healthcare: $11.38B
- 🇺🇸 Bio-Rad Laboratories: $11.10B
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