|Bid||64.49 x 900|
|Ask||64.51 x 1400|
|Day's Range||61.80 - 64.70|
|52 Week Range||47.20 - 74.17|
|Beta (5Y Monthly)||1.66|
|PE Ratio (TTM)||31.86|
|Earnings Date||Feb 25, 2020 - Mar 01, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||66.86|
(Bloomberg) -- 58 Home, owned by China’s Craigslist equivalent 58.com Inc., is close to completing a private fundraising en route to a U.S. initial public offering that could value the online services platform at as much as $2 billion, people familiar with the matter said.The business, known locally as 58 Daojia, is seeking funds to bankroll an expansion into China’s competitive online services arena. It’s now wrapping up a pre-IPO financing round at a valuation of more than $1 billion, the people said, requesting not to be named because the matter is private. Once that’s done, 58 Home intends to prepare for a U.S. debut in which it will seek a valuation of between $1.5 billion and $2 billion, one of the people said.Deliberations are at an early stage and details of the potential offering could still change, the people said. Liu Cong, a spokesman for 58.com, declined to comment, while a representative for 58 Home also had no comment. 58.com’s shares rose 2% in New York.58 Home is one of China’s leaders in helping people connect online with services from flower delivery to home-cleaning. Backed by Tencent Holdings Ltd., it’s vying for market share however against deeper-pocketed rivals such as Meituan Dianping and certain businesses operated by e-commerce leader Alibaba Group Holding Ltd. All are eyeing a slice of a market for physical, on-demand services still largely undisrupted by online technology.58.com’s unit raised its last private funding round in 2015, garnering $300 million from investors including Alibaba, KKR and Ping An Group. Parent 58.com holds 68.8% of the company’s equity interest but doesn’t consolidate the unit’s financials in its own results, according to its annual filing.(Updates with shares in third paragraph)\--With assistance from Julia Fioretti and Manuel Baigorri.To contact Bloomberg News staff for this story: Lulu Yilun Chen in Hong Kong at email@example.com;Dong Cao in Beijing at firstname.lastname@example.orgTo contact the editors responsible for this story: Peter Elstrom at email@example.com, ;Fion Li at firstname.lastname@example.org, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
58.com Inc. (WUBA) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
As we already know from media reports and hedge fund investor letters, hedge funds delivered their best returns in a decade. Most investors who decided to stick with hedge funds after a rough 2018 recouped their losses by the end of the third quarter. We get to see hedge funds' thoughts towards the market and […]
58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"), China's largest online market place for classifieds, today announced that it will hold its annual general meeting of shareholders ("AGM") on Friday, December 19, 2019, at 2:00 p.m. (local time), at 42/F Edinburgh Tower, The Landmark, 15 Queen's Road Central, Hong Kong. The record date is December 2, 2019.
58.com earnings for the third-quarter topped Wall Street estimates as the China internet company, which is similar to Craigslist, reported revenue of $602 million, up 17.5% from last year.
BEIJING , Nov. 18, 2019 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"), China's largest online market place for classifieds, today reported its unaudited financial ...
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
BEIJING , Nov. 11, 2019 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"), China's largest online market place for classifieds, today announced that it plans to release ...
Hedge funds and other investment firms that we track manage billions of dollars of their wealthy clients' money, and needless to say, they are painstakingly thorough when analyzing where to invest this money, as their own wealth also depends on it. Regardless of the various methods used by elite investors like David Tepper and David […]
U.S.-listed Chinese stocks have taken a beating in the past six months, with the iShares FTSE/Xinhua China 25 Index (NYSE: FXI ) down 11.8% overall in that time. Fears over the negative economic impact ...
BEIJING, Sept. 30, 2019 /PRNewswire/ -- 58.com Inc. (WUBA) ("58.com" or the "Company"), China's largest online market place for classifieds, today announced that it has entered into definitive agreements to acquire a certain number of shares of Golden Pacer, a leading financial technology platform in China, by converting its profit participation right with respect to the financial services and other finance related business disposed by the Company in 2017 (the "Disposed Business") to equity stake in Golden Pacer. Golden Pacer is the ultimate holding company of the Disposed Business.
BEIJING, Sept. 10, 2019 /PRNewswire/ -- 58.com Inc. (WUBA) ("58.com" or the "Company"), China's largest online market place for classifieds, today announced that Zhuan Zhuan, an online used goods trading platform and a consolidated subsidiary of 58.com, has entered into definitive agreements with a group of investors for its series B round of financing. The total amount to be invested into Zhuan Zhuan is approximately US$300 million. 58.com and Tencent, as the existing investors of Zhuan Zhuan, also took part in this round.
BEIJING, Sept. 9, 2019 /PRNewswire/ -- 58.com Inc. (WUBA) ("58.com" or the "Company"), China's largest online marketplace for classifieds, today announced two key management appointments. Mr. Hao Zhou has been appointed President of International Business. In this newly created key management position, Mr. Zhou will be responsible for the Company's expansion into markets outside of Mainland China.
Chinese internet company 58.com reported second-quarter earnings that beat estimates but the stock fell as its third quarter outlook fell short. The report came before the market open.
NEW YORK, NY / ACCESSWIRE / August 22, 2019 / 58.com Inc. (NYSE: WUBA ) will be discussing their earnings results in their 2019 Second Quarter Earnings to be held on August 22, 2019 at 8:00 AM Eastern ...
BEIJING , Aug. 21, 2019 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"), China's largest online market place for classifieds, today reported its unaudited financial ...
58.com (NYSE: WUBA ) releases its next round of earnings this Thursday, August 22. Here's Benzinga's essential guide to 58.com's Q2 earnings report. Earnings and Revenue Based on 58.com management projections, ...