by Jibran Munaf | November 14, 2024 | Corporate Finance
The Walt Disney Company (DIS) reported stronger-than-expected fourth-quarter earnings on Thursday, driven by its direct-to-consumer (DTC) business, which reached profitability amidst an industry-wide pivot to streaming. Disney posted adjusted earnings of $1.14 per...
by Beshr Olaiwi | November 11, 2024 | Corporate Finance
Talabat, the leading on-demand food and quick-commerce app, announced on November 11 that its parent company, Delivery Hero MENA Holding, will sell over 3.49 billion ordinary shares through an initial public offering (IPO) at a nominal value of AED0.04 per share. This...
by Jibran Munaf | November 11, 2024 | Corporate Finance
Swiggy Ltd.’s $1.3 billion initial public offering (IPO) closed successfully on Friday, with demand outstripping supply by more than three times. A late surge in interest from major investors underscored a strong appetite for the Indian food-delivery...
by Jibran Munaf | November 9, 2024 | Corporate Finance, Technology
Sony posted robust quarterly results on Friday, significantly beating analyst expectations on operating profit and revising its full-year sales outlook. The Japanese tech giant’s September quarter operating profit surged by 73% to 455.1 billion yen ($2.98 billion),...
by Jibran Munaf | November 9, 2024 | Corporate Finance
Talabat, the Middle East arm of Germany-based Delivery Hero, is set to launch its highly anticipated Dubai initial public offering (IPO) next week, sources familiar with the matter told Reuters. Expected to raise over $1 billion, this IPO would rank among the largest...
by Jibran Munaf | November 7, 2024 | Corporate Finance, Real Estate
Deyaar Development PJSC (“Deyaar”), one of Dubai’s leading real estate developers and service providers, has reported a robust financial performance for the nine-month period ending September 30, 2024. The company’s profit before tax reached...
