Financial news of the week 2

News on the subject of IPO. Marketed educational platform

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1.Coursera. The company was valued at 43 billion dollars. The company floated shares at $33 per share, valuing them at the upper end of the announced range. Coursera said it plans to spend the money on working capital, marketing, research, and administrative issues and may also use the money to buy additional business services or technology. The company operates since 2012 and 2020, was very profitable for her - the company's revenue soared by 60% to 294 million dollars and of course, the trend for distance education went up, and on this, the company was the beneficiary of the crisis because it has received only pluses, but still, for people who are thinking about going into this company, I remind you that the loss of the company for 2020, it was, It is clear that it is a big company, it is developing and it is a fast-growing business, but on the other hand we also remember that the management of the company warns that in the next few years the growth rate of revenue may slow down because people will go back offline.

IPO food delivery Deliver has not had a very good start the shares fell by 30% during the debut trading in London on Wednesday and the company's valuation as a result dropped by more than 2 billion pounds and this is such an important image moment for the UK as an international financial center because, after Brexit, the UK has to re-establish its credibility by Deliver not very worked out because on the one hand the listing of this company which is directly in London's largest IPO in London since Glencore in 2011 and the largest technology IPO on the London Stock Exchange, while many large investors have not participated in this deal citing concerns about the business model and ownership structure and this really raises questions about whether London can hold its position after Brexit or this fact means that Britain is ceding its place as a global financial center.

2. Let's talk about the banking sector The news of the fall of hedge fund Ar Hegas Capital is a small family fund, which I burst the previous Friday after a cascade of margin call of that Korean billionaire Bill Hwang, who was the founder of the fund lost his fortune within a few hours on Friday, he is actually to blame himself, he should have been aware of the risks, obviously, the fund was not very transparent, but the issue is that it really hit pretty hard the biggest banks that were servicing the positions of this fund. So about losses of hundreds of millions of dollars: report Credit Suisse - the second in volume of assets in the bank of Switzerland; Namura - the largest bank of Japan; the Swiss UBS with also joined also and most likely it is far not the full list and by estimations of analysts of JPMorgan Chase the largest global banks could lose to ten billion dollars for one day for that Friday. Credit Suisse shares plummeted 20%. The bank reports that its losses connected with the fact that its positions were liquidated will amount to billions of dollars, and on this background Global Ratings has lowered the outlook on Credit Suisse rating to negative from stable only because of this situation with Ar Hegas. At the same time, the U.S. is beginning to look into the situation trying to determine the causes and assess the consequences. According to Bloomberg, U.S. regulators have summoned representatives of the top Wall Street banks to the carpet to try to assess the extent of damage and the situation creates questions and to supervision, especially in connection with the fact that Ar Hegas accumulated positions in shares worth tens of billions of dollars without disclosing them to other market participants, Bloomberg's sources say. Companies that fell under the sale there partly rebounded partly lying at the bottom, we must keep in mind the paper, which was open positions in the list of victims there and the Chinese Alibaba, and Baidu and American media companies there Discovery.

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