WUBA - 58.com Inc.

NYSE - Nasdaq Real Time Price. Currency in USD
54.15
+0.34 (+0.63%)
As of 9:31AM EDT. Market open.
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close53.81
Open53.96
Bid53.69 x 800
Ask54.30 x 800
Day's Range54.10 - 54.19
52 Week Range37.92 - 69.89
Volume45,029
Avg. Volume1,279,083
Market Cap8.119B
Beta (5Y Monthly)1.27
PE Ratio (TTM)26.67
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Here is What Hedge Funds Think About 58.com Inc  (WUBA)
    Insider Monkey

    Here is What Hedge Funds Think About 58.com Inc (WUBA)

    We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. In this article, we look at what those funds think […]

  • Warburg Pincus-Backed Group Nears 58.com Buyout Deal
    Bloomberg

    Warburg Pincus-Backed Group Nears 58.com Buyout Deal

    (Bloomberg) -- An investor group backed by Warburg Pincus and General Atlantic agreed to take 58.com Inc. private in a deal valuing China’s biggest online classifieds firm at about $8.7 billion.The private equity consortium offered to buy out the New York-listed company’s independent shareholders for $56 cash per American depositary receipt, 58.com said in a statement Monday, confirming an earlier Bloomberg News report. The bid represents a 20% premium to the last close before an initial buyout approach was announced in April.58.com’s ADRs jumped as much as 10.8% to $55.18 on Monday in New York. The stock closed at $54.58.The buyer group, which also includes Ocean Link Partners and 58.com founder Jinbo Yao, slightly increased the offer from its earlier proposal of $55 per ADR. The consortium has received as much as $3.5 billion in loan commitments from lenders including Shanghai Pudong Development Bank Co. to help fund the purchase, according to Monday’s statement.58.com’s board approved the transaction after it was unanimously recommended by a special committee of independent directors, it said in the statement. The deal is expected to close in the second half of the year.The agreement to purchase 58.com, known as China’s answer to Craigslist, follows more than two months of negotiations after the company said it received a buyout proposal. The potential deal had drawn objections from some minority investors, including Coronation Fund Managers, Aberdeen Standard Investments and Carmignac Gestion, which said the proposed bid significantly undervalues the business.Yao, 58.com’s chairman and chief executive officer, and General Atlantic control 44% of the company’s voting power and have agreed to approve the transaction, they said in the statement. Chinese tech giant Tencent Holdings Ltd. also owns a stake in the company.Houlihan Lokey Inc. advised 58.com’s special board committee on the deal.(Updates share price in third paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Why 58.com Stock Was Up Today
    Motley Fool

    Why 58.com Stock Was Up Today

    What happened Shares of Chinese classified-ad company 58.com (NYSE: WUBA) traded higher on Monday, after the company entered into a definitive agreement that will take it private. As of 2 p.m. EDT today, the stock was up 10%.

  • Reuters

    China's 58.com to go private in $8.7 billion deal

    Private equity investors are actively seeking Chinese companies to take private in the hope they can snap up bargains amid the coronavirus-induced sell-off. Yao has about 42% of the voting power in 58.com.

  • Jeff Auxier Buys Ingersoll Rand, Sells Smucker
    GuruFocus.com

    Jeff Auxier Buys Ingersoll Rand, Sells Smucker

    Guru releases portfolio for the 1st quarter Continue reading...

  • Thomson Reuters StreetEvents

    Edited Transcript of WUBA earnings conference call or presentation 12-Mar-20 12:00pm GMT

    Q4 2019 58.Com Inc Earnings Call

  • Hedge Funds Were Getting Burned By 58.com Inc (WUBA) Before The Coronavirus
    Insider Monkey

    Hedge Funds Were Getting Burned By 58.com Inc (WUBA) Before The Coronavirus

    We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

  • Factbox: On the backburner - IPO delays due to Coronavirus
    Reuters

    Factbox: On the backburner - IPO delays due to Coronavirus

    , (Reuters) - The fast-spreading coronavirus outbreak around the world has forced a number of startups and private firms to put their plans for an initial public offering on hold. ** Buyout firm Carlyle Group Inc <CG.O> has delayed the IPO of its German specialty chemicals group Atotech, concerned that the coronavirus outbreak will negatively impact the valuation it could achieve with investors, Reuters reported, citing people familiar with the matter. ** Recording label Warner Music Group Corp has abandoned plans to kick off its public debut early this week, Reuters reported, citing people familiar with the matter.

  • Is It Time To Consider Buying 58.com Inc. (NYSE:WUBA)?
    Simply Wall St.

    Is It Time To Consider Buying 58.com Inc. (NYSE:WUBA)?

    58.com Inc. (NYSE:WUBA), which is in the interactive media and services business, and is based in China, saw...

  • Jeff Auxier Buys 5 Stocks in 4th Quarter
    GuruFocus.com

    Jeff Auxier Buys 5 Stocks in 4th Quarter

    Guru also gains position in ViacomCBS Continue reading...

  • Chris Davis' Firm Buys Intel, Sells Microsoft
    GuruFocus.com

    Chris Davis' Firm Buys Intel, Sells Microsoft

    Update on the guru’s biggest trades for the fourth quarter Continue reading...

  • China’s 58 Home Said to Delay U.S. IPO as Virus Hurts Demand
    Bloomberg

    China’s 58 Home Said to Delay U.S. IPO as Virus Hurts Demand

    (Bloomberg) -- 58 Home, the maid and home-maintenance service owned by China’s Craigslist equivalent 58.com Inc., has delayed its planned U.S. initial public offering, according to people familiar with the matter, as the coronavirus outbreak cripples customer demand.The company’s pre-IPO financing round -- a private fundraising effort that started late last year -- also hasn’t been completed, said the people, who asked not to be named because the information is private. The IPO had been expected to take place in the first half of the year.Shares of 58.com Inc. fell 4.9% in New York trading, the biggest decline since September.The 58 Home’s move adds to the list of IPO setbacks amid the virus outbreak. Restaurant operator Daikiya Group Holdings Ltd. on Wednesday canceled its first-time share sale in Hong Kong, while Chinese biotech firm InnoCare Pharma Ltd. has postponed investor meetings for its planned listing in the financial hub.Read: Virus Hits World’s No.1 IPO Market as Investor Meetings ScrappedThe virus has killed at least 1,355 people in China as of Thursday. People across the nation have been minimizing personal contact for fear of contracting the disease, hurting 58 Home’s on-demand services including part-time cleaners and home handymen.“Obviously, the virus outbreak has affected home and cleaning services -- that entire sector has almost been brought to a standstill,” 58 Home said in a statement. “Our short-term revenue will be affected.”The firm declined to comment on its IPO and fundraising plans.The company added it is facing a severe shortage of maids, and 30 million people in the home and cleaning-services sectors could lose their jobs if the outbreak continues.Workers StrandedMany workers are still stranded in their hometowns, where they traveled for Lunar New Year celebrations, and haven’t been able to return to major cities after the authorities curtailed travel to try to contain the virus.To ensure the health of maids who work on its platform, 58 Home has been logging their travel history, and offering masks and temperature checks.Locally known as 58 Daojia, the company has been seeking funds to bankroll an expansion into China’s competitive online services arena. It was aiming for a valuation of as much as $2 billion in a U.S. IPO.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 against deeper-pocketed rivals such as Meituan Dianping and businesses operated by e-commerce leader Alibaba Group Holding Ltd. All are targeting a slice of a market for physical, on-demand services that are being disrupted by online technology.58.com’s unit raised its last private funding round in 2015, garnering $300 million from investors including Alibaba, KKR & Co. 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 to add 58.com Inc. share price in third paragraph)To contact the reporters on this story: Lulu Yilun Chen in Hong Kong at ychen447@bloomberg.net;Dong Cao in Beijing at dcao59@bloomberg.netTo contact the editors responsible for this story: Candice Zachariahs at czachariahs2@bloomberg.net, Peter Vercoe, Fion LiFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Does 58.com Inc.’s (NYSE:WUBA) ROCE Reflect Well On The Business?
    Simply Wall St.

    Does 58.com Inc.’s (NYSE:WUBA) ROCE Reflect Well On The Business?

    Today we are going to look at 58.com Inc. (NYSE:WUBA) to see whether it might be an attractive investment prospect...

  • Bloomberg

    China’s 58 Home Seeks U.S. IPO of $2 Billion Online Services Arm

    (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 ychen447@bloomberg.net;Dong Cao in Beijing at dcao59@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, ;Fion Li at fli59@bloomberg.net, Edwin ChanFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Moving Average Crossover Alert: 58.com
    Zacks

    Moving Average Crossover Alert: 58.com

    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.

  • Hedge Funds Are Betting On 58.com Inc  (WUBA)
    Insider Monkey

    Hedge Funds Are Betting On 58.com Inc (WUBA)

    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 to Hold Annual General Meeting on December 19, 2019
    PR Newswire

    58.com to Hold Annual General Meeting on December 19, 2019

    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.

  • Thomson Reuters StreetEvents

    Edited Transcript of WUBA earnings conference call or presentation 19-Nov-19 1:00pm GMT

    Q3 2019 58.Com Inc Earnings Call

  • 58.com Earnings, Revenue Top Third-Quarter Estimates
    Investor's Business Daily

    58.com Earnings, Revenue Top Third-Quarter Estimates

    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.

  • Should We Be Delighted With 58.com Inc.'s (NYSE:WUBA) ROE Of 21%?
    Simply Wall St.

    Should We Be Delighted With 58.com Inc.'s (NYSE:WUBA) ROE Of 21%?

    While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

  • Should You Avoid 58.com Inc (WUBA)?
    Insider Monkey

    Should You Avoid 58.com Inc (WUBA)?

    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 […]

  • Is 58.com (WUBA) a Potential Stock for Value Investors?
    Zacks

    Is 58.com (WUBA) a Potential Stock for Value Investors?

    Let's see if 58.com (WUBA) stock is a good choice for value-oriented investors right now from multiple angles.