Jumia $JMIA Beating Amazon $AMZN & Alibaba $BABA In Africa (video)

Why Jumia Is Beating Amazon And Alibaba In Africa

Jumia has been dubbed the "Amazon of Africa" as Africa's largest e-commerce operator, surpassing Amazon and China's Alibaba, and it's the first African tech start-up to go public on the New York Stock Exchange. Investors had high hopes for Jumia when it went public on April 12. Now, Jumia is adjusting to its new international status, and figuring out what that status means for the African continent.

Sacha Poignonnec and Jeremy Hodara, former McKinsey & Company employees, founded the company in 2012. Like Amazon and Alibaba, Jumia allows customers to buy products like cell phones, shoes, and groceries online. Jumia also offers bill paying, food delivery, and cellular data plans.

China Daily, a Chinese state-run news organization, says that Alibaba serviced 4.2 million African customers through its AliExpress services since it entered the continent.

Jumia serviced 4.3 million users and 81,000 active sellers in 14 countries. Amazon is available in 11 countries on the African continent, but neither Amazon nor Alibaba have had the benefit of getting their start in African countries. Jumia, for example, offers unique features like allowing customers to pay for items upon delivery. CNBC video above published Jun 25, 2019.

Jumia is an e-commerce platform for electronics, fashion, and more. It has partnered with more than 81,000 local African companies and individuals and is a direct competitor to Kilimall in Kenya and Konga in Nigeria. Started in 2012 in Lagos, the company currently has a presence across 12 African countries.

Jumia Technologies AG

• Domain: jumia.com  / group.jumia.com
• Founded: Nigeria
• Traded as: NYSE: JMIA
• Founders: Sacha Poignonnec, Raphael Kofi Afaedor, Tunde Kehinde
• CEO: Sacha Poignonnec (2012–), Jeremy Hodara (2012–)
• Parent organization: Rocket Internet

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Fiverr CEO Micha Kaufman on the Strong $FVRR IPO June 13 (video)

Fiverr CEO Micha Kaufman on the $FVRR IPO

Fiverr CEO Micha Kaufman on CNBC's "Squawk on the Street" after the company's debut in publicly trading on the NYSE June 13, 2019, to discuss what makes the $FVRR IPO different from the likes of Uber and Lyft.

Israel-based freelancer marketplace Fiverr International ( NYSE: FVRR ) IPO raised $100 million at a market cap of $635 million. The company grew sales by 45% in 2018 to $83 million, but with a -27% operating loss. The company's stock began public trading on June 13, 2019, on the New York Stock Exchange, closing with a 90% gain in price per share:

$FVRR June 13, 2019

Domain: fiverr.com (launched Feb. 1, 2010)
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Silicon Valley's LTSE, Long-Term Stock Exchange, Gets SEC Approval

Eric Ries, Founder and CEO, The Long-Term Stock Exchange

Eric Ries, author, The Lean Startup; founder and CEO, The Long-Term Stock Exchange, in conversation with Leigh Gallagher, Fortune.com. Management teams are often pressured to make decisions based on short-term interests and not the long-term potential for their business. Can the public marketplace create better incentives to rid us of our need for fast results in favor of governance that benefits companies, investors, and our communities? Video above published Jun 27, 2018.

Domains: longtermstockexchange.com and ltse.com

34-85828 May 10, 2019 Long Term Stock Exchange, Inc. (Findings, Opinion, and Order of the Commission)
File No.: 10-234
See Also: Notice of Filing of Application for Registration as a National Securities Exchange under Section 6 of the Securities Exchange Act of 1934

"We are building a market where companies are rewarded for choosing to innovate, to invest in their employees, and to seed future growth. And where companies can run their businesses with the stewardship that similarly aligned shareholders, stakeholders and society demand. Our vision is that companies in every industry will be able to go public while continuing to prioritize and pursue strategies for long-term success. That's a step forward for all of us."--Eric Ries, CEO and founder, LTSE 

The U.S. Securities and Exchange Commission on Friday approved the creation of the Long-Term Stock Exchange, or LTSE, a Silicon Valley-based national securities exchange, proposed to the SEC in November 2018, by technology entrepreneur, author and startup adviser Eric Ries, who has been working on the idea for years. He raised $19 million from venture capitalists including Marc Andreessen, to get the project off the ground, but regulatory approval was required to launch and give high-growth technology companies more options to list their shares outside of the traditional New York stock exchanges.
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Pinterest IPO: Pinterest Going Public as $PINS (video)

IPO: Pinterest Going Public

Fortune Magazine video above published Mar 22, 2019.

NYSE: PINS

Pinterest, Inc. SEC Form S-1

Pinterest, Inc., a social media web and mobile application company, operates a software system designed to discover information online using mainly images, including GIFs and videos. The website was founded by Ben Silbermann, Paul Sciarra, and Evan Sharp.

• Domain: pinterest.com
• Date launched: January 2010
• Employees: 800+ employees
• Key people: Evan Sharp (chief product officer); Ben Silbermann (CEO)
• Owner: Cold Brew Labs, Inc.

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Investors Warned By FINRA Not To Get Fooled By Bitcoin Scams (video)

Investors Warned Not To Get Fooled By Bitcoin  or Cryptocurrency Scams

CNBC.com video above published Dec 22, 2017: Bitcoin's skyrocketing stocks push cryptocurrency mania — and scams — to new highs, but FINRA's guidelines could help investors avoid getting duped.

See also:

• Israel regulator seeks to ban bitcoin and other cryptocurrency firms from trading on the Tel Aviv Stock Exchange | reuters.com.

• Israel central bank mulls issuing digital currency for faster payments | reuters.com

• Belarus adopts crypto-currency law to woo foreign investors | reuters.com, law also allows local IT companies to operate in part under English law, a provision meant to attract potential foreign investors.

FINRA Warns Investors: Don’t Fall for Cryptocurrency-Related Stock Scams | FINRA.org: "... "It can be difficult for investors to avoid the lure of the cryptocurrency markets, especially when prominent people express interest in it, and news reports and social media tout the promise of guaranteed quick fortunes and skyrocketing returns," said Gerri Walsh, FINRA’s Senior Vice President for Investor Education. "But it is important to do your research. Even when legitimate companies enter a hot, new sector, con artists almost always follow suit." Before investing in any cryptocurrency-related stock, buyers should follow these tips to avoid costly mistakes:

• Be suspicious of anyone who guarantees that an investment will perform a certain way, or makes pushy sales pitches that encourage you to “act now.” If you think the claims might be exaggerated or misleading, contact the SEC, file a complaint using FINRA’s online Complaint Center or send a tip to FINRA's Office of the Whistleblower.
• Do not say "yes" to cryptocurrency stock purchases from an aggressive cold caller, particularly if the recommended stocks are very low-priced. Not answering at all, or putting down the phone, are generally the safest responses to a cold caller or anyone aggressively pitching low-priced stocks or other investment opportunities.
• Use FINRA BrokerCheck® to check the professional background of the individuals involved in selling the investment, as well as the firms who tout these opportunities. Selling securities generally requires a license and registrations under state and federal securities laws and FINRA rules.
• Check the SEC's EDGAR database to find out whether the company files with the SEC. If so, read the reports and verify any information you have heard about the company. But remember, the fact that a company that has registered its securities or filed reports with the SEC doesn't mean it will be a good investment.
• Be wary of stocks with huge spikes in price. Steep run-ups in price could signal potential manipulation or fraud.
• Know where the stock trades and pay attention to any cautions associated with the stock. Most stock pump-and-dump schemes tend to be quoted on an over-the-counter (OTC) quotation platform like OTC Markets, which provides icons to warn investors of concerns associated with a given company. These include a stop sign or skull and crossbones to warn of questionable practices.

"Investors can obtain more information about, and the disciplinary record of, any FINRA-registered broker or brokerage firm by using FINRA's BrokerCheck or by calling (800) 289-9999. In 2016, members of the public used this free service to conduct 111 million reviews of broker or firm records. Investors can also call FINRA's Securities Helpline for Seniors at (844) 57-HELPS for assistance with concerns or questions about their brokerage accounts and investments ..."

In the U.S., the Financial Industry Regulatory Authority, Inc. (FINRA) (domain: finra.org) is a private corporation that acts as a self-regulatory organization (SRO). FINRA is the successor to the National Association of Securities Dealers, Inc. (NASD) and the member regulation, enforcement and arbitration operations of the New York Stock Exchange. It is a non-governmental organization that regulates member brokerage firms and exchange markets. The government agency which acts as the ultimate regulator of the securities industry, including FINRA, is the Securities and Exchange Commission (Domain: SEC.gov).

Similarly, the Commodity Futures Trading Commission (CFTC) is the U.S. financial regulatory agency tasked with overseeing the U.S. derivatives markets (domain: cftc.gov). Read the CFTC Statement on Self-Certification of Bitcoin Products by CME (cmegroup.com), CFE (cfe.cboe.com), and Cantor Exchange (cantorexchange.com).

The National Futures Association (NFA) is the industrywide SRO for the U.S. derivatives industry. Read NFA Investor Advisory—Futures on Virtual Currencies Including Bitcoin | nfa.futures.org:

"December 1, 2017 The purpose of this investor advisory is to remind investors that, just like any other speculative investment, trading futures on virtual currencies, including Bitcoin, have certain benefits and various risks. While futures on virtual currencies must be traded on regulated futures exchanges, trading these products involves a high level of risk and may not be suitable for all investors. It is critical, therefore, for investors who are considering trading virtual currency futures to educate themselves about these products, understand their risks, and conduct due diligence before making investment decisions. Investor protection begins with investor education ...." (read more at link above).

Participate in person or via live online broadcast. Visit our website to register for the @FINRA Cybersecurity Conference. https://t.co/go9ojJWVGB #FinraCS pic.twitter.com/zcHdgeA5mY

— FINRA Education (@FINRA_Education) December 19, 2017

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Yext, Digital Knowledge Engine, $YEXT IPO Expected Thursday on NYSE

Yext is planning to raise $94 million in an initial public offering (IPO) and begin publicly trading under the symbol YEXT on the New York Stock Exchange (NYSE), on Thursday, April 13th. The company plans to issue 10,500,000 shares at a price of $8.00-$10.00 $11.00 (update) per share.

Domain: yext.com
Stock exchange: symbol  |  NYSE: YEXT
Update for Thursday, April 13, 2017: CLOSE $13.41 CHANGE $2.41 CHG % up 21.91%

Last year, Yext generated $124.3 million in revenue and had a net loss of $43.2 million. Yext has a market cap of $769.4 million.

Morgan Stanley, J.P. Morgan and RBC Capital Markets acted as the underwriters for the IPO and Pacific Crest Securities (a division of KeyBanc Capital Markets) and Piper Jaffray were co-managers.

Yext, located in New York City, was founded in 2006 and has 630 employees. Yext describes itself as “a knowledge engine. Our platform lets businesses manage their digital knowledge in the cloud and sync it to over 100 services including Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri and Yelp. Digital knowledge is the structured information that a business wants to make publicly accessible." 

See also: 

• NYC's beleaguered startup scene looks for a win with Yext IPO | VentureBeat.com
• Yext: A 45% Upside Potential From The IPO Price - Yext, Inc. (Pending:YEXT) | SeekingAlpha.com
• Yes To The Yext IPO - Yext, Inc. (Pending:YEXT) | SeekingAlpha.com 
• Amendment No. 2 to Form S-1 Registration Statement | SEC.gov

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Snap $SNAP (Snapchat) Files For IPO, Hopes To Raise $3 Billion (video)

Snap $SNAP Files For IPO

Video above published Feb 2, 2017: Snap files for its IPO. Recode's Kara Swisher weighs in.

Snap Inc. filed its Form S-1 with the Securities and Exchange Commission (SEC) on Thursday, February 2, 2017, in the process of going public. Snap hopes to raise $3 billion in the initial public offering (IPO) and will trade on the New York Stock Exchange (NYSE) under the symbol SNAP.

Snap Inc. domains:

• snap.com
• snapchat.com  On twitter: @Snapchat
• spectacles.com

UPDATE: Feb 4, 2017 More at Stake in this IPO than Just Toxic Financials | WolfStreet.com: "new shareholders will get no voting rights at all. Zilch ... None. This vote-less Class A common stock is what is going to be sold to the public at the IPO. Shareholders will get little for their money – other than hope and hype and the financial toxicity of the deal that we can now see thanks to the filing."

Form S-1 excerpts (emphasis added):

Our flagship product, Snapchat, is a camera application that was created to help people communicate through short videos and images. We call each of those short videos or images a Snap. On average, 158 million people use Snapchat daily, and over 2.5 billion Snaps are created every day.

Camera. Snapchat opens directly into the Camera, making it easy to create a Snap and send it to friends. Snaps are deleted by default, so there is a lot less pressure to look pretty or perfect when creating and sending images on Snapchat. We offer lots of fun Creative Tools like Lenses, Geofilters, and Bitmojis that allow our community to express themselves through Snaps. Lenses are interactive animations that are overlaid on a person’s face or the world around them. Geofilters are artistic filters that can be applied after a Snap is taken at pre-defined times and locations. Bitmojis are cartoon likenesses of a user that are created in the Bitmoji application. On average, more than 60% of our Daily Active Users create Snaps with our Camera every day. This means that our Chat Service and Storytelling Platform products are always full of new, unique, and expressive Snaps.

Chat Service. The first version of our application was a Chat Service that made it easy to send Snaps back and forth with friends—hence the name “Snapchat.” Our Chat Service has since been reimagined to include text-based Chat, video and voice calling, stickers, Bitmojis, and Group Chat. On average, more than 60% of our Daily Active Users use our Chat Service every day to send Snaps and talk with friends. We benefit from the frequency with which our user base communicates with one another because each message invites a user back to the application when they receive a push notification. On average, our Daily Active Users visit Snapchat more than 18 times each day.

Timeline excerpt from Snap Inc. S-1

See also:

• Snapchat maker Snap files for what's expected to be Los Angeles' biggest-ever IPO | LATimes.com
• Snap files to raise $3 billion in much-hyped IPO | VentureBeat.com

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Trump Era: Markets, IPOs, Economy, Trade, Tax Reform, 4% Growth?

S&P 500 Index (source google.com)

The S&P 500 closed up Wednesday (chart above) and has gained 6.18% since Trump's election on Nov. 8th.

Tom Barrack on Donald Trump's Inauguration and Cabinet Picks:

Video above published Jan 18, 2017: Colony Capital Founder and Executive Chairman Tom Barrack discusses the inauguration of President-Elect Donald Trump and the make-up of his cabinet.

JPMorgan CEO Jamie Dimon: Donald Trump's Reforms Could Cause Economic Growth

Video above published Jan 18, 2017: At the World Economic Forum in Davos, JPMorgan CEO Jamie Dimon talks about tax reform and President-elect Trump's economic policies.

NYSE Chief: Trump May Bring Better Times for Public Companies:

NYSE President Tom Farley discusses the markets under a Trump administration and his outlook for the future for public companies and IPOs. He speaks with Erik Schatzker from the World Economic Forum in Davos, Switzerland on "Bloomberg Markets" on January 17, 2017.

Wilbur Ross: I'm Not Anti-Trade, I'm Pro-Sensible Trade

Video above published Jan 18, 2017: Wilbur Ross, chairman and chief strategy officer at WL Ross testifies at his confirmation hearing for Secretary of Commerce. Full hearing video here.

Dow Chemical CEO: 4% Growth Is Possible Under Trump

Video above published Jan 17, 2017: Andrew Liveris, Dow Chemical CEO, explains what is needed to spark four percent growth in the U.S. economy and shares the details of talks with President-elect Donald Trump on stimulating manufacturing growth. He speaks with Bloomberg's Erik Schatzker from the World Economic Forum in Davos, Switzerland on "Bloomberg Daybreak: Americas."


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Chinese 'Squeeze Outs' of US Investors on NYSE and NASDAQ

An unprecedented wave of Chinese management offers to buy out U.S. shareholders are at premiums well below average, despite these companies exiting American stock markets with six times the amount of cash they arrived with, according to a white paper study (embed below) by Heng Ren Partners (hengreninvestment.com).

Heng Ren Investments - Letters to Companies - recent example: Heng Ren Letter to Sinovac Biotech on Squeeze Out (August 2016) (English) (pdf)

White Paper Press Release:

Chinese “Squeeze Outs” by DanielShvartsman


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Square CEO Dorsey: IPO Helps Us Accelerate (video)

Square CEO Dorsey: IPO Helps Us Accelerate - Jack Dorsey, founder and chief executive officer at Square, discusses the company on its first day of trading after an initial public offering and where he is focused on finding growth. He spoke on "Bloomberg Markets" (Nov 19, 2015).

Domain name: squareup.com  (square.com redirects to squareup.com)

NYSE Stock chart of Square: NYSE:SQ

Tweets by @Square

See also on Domain Mondo: Mobile Payments Providers, Square IPO, NYSE: SQ (video)

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Mobile Payments Providers, Square IPO, NYSE: SQ (video)

Square has filed for an IPO (initial public offering), seeking to raise $275 million, with a listing on NYSE under the symbol "SQ" - Square Inc., the mobile-payments company was founded, and is led, by Twitter Inc. (twitter.com) Chief Executive Officer Jack Dorsey. Bloomberg's Reed Stevenson reports on "Bloomberg Markets," October 15, 2015.

Last week Square filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its Class A common stock. The number of shares to be offered and the price range for the offering have not been determined. Square intends to list its common stock on the New York Stock Exchange under the ticker symbol “SQ.” Goldman, Sachs & Co., Morgan Stanley, and J.P. Morgan are acting as lead joint book-running managers for the proposed offering. Barclays, Deutsche Bank Securities, Jefferies, RBC Capital Markets, and Stifel are acting as additional book-running managers for the proposed offering, and LOYAL3 Securities, Inc. is acting as a co-manager. The offering will be made only by means of a prospectus. (Source: Squareup.com; link and emphasis added)

Domain names of mobile payment providers referenced in the video above:

• squareup.com  (note: square.com redirects to squareup.com)
• firstdata.com
• paypal.com
• stripe.com

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Alibaba Group, Chairman Jack Ma, Alibaba's Grand Ambitions (video)

Alibaba Group Executive Chairman Jack Ma Has Some Grand Ambitions - BDA Chairman Duncan Clark (bda.com),  Jana Mobile's Crid Yu (jana.com) and Bloomberg's Alex Barinka discuss Jack Ma's grand ambitions for Alibaba with Bloomberg Businessweek's Brad Stone on "Bloomberg West," June 9th (bloomberg.com).

Principal domain names: alibabagroup.com and alibaba.com
(a list of more domain names used by Alibaba Group is here)

Stock Exchange: Stock Symbol -- NYSE: BABA

See also on Domain Mondo:

• Alibaba Founder Jack Ma: Ideas and Technology Can Change the World (video)
• Alibaba Group, Quarterly and FY2015, Earnings Conference Call May 7th
• New Alibaba CEO, Daniel Zhang, Stock Performance and Goals (video)
• Why Alibaba Shares Are Trading at a Post-IPO Low (video)
• The Alibaba Story (video)
• Alibaba Founder Jack Ma Reflects On A 12-Year Journey (video)
• Alibaba.com, Mother Of All IPOs, Values .COM Company at $162 Billion
• Alibaba IPO Roadshow (video), Top Chinese Internet Companies
• Tencent, Another Huge Chinese dot COM, Taking On Alibaba

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GoDaddy, $GDDY, Quiet Period Ends, Earnings Conference Call Tuesday

GDDY stock chart (May 8) source: google.com

UPDATE May 12, 2015: GoDaddy Reports First Quarter 2015 Results: GoDaddy (NYSE:GDDY): Q1 EPS of -$0.34 - Revenue of $376.3M (+17.5% Y/Y)
Desert Newco, LLC
Condensed Consolidated Statements of Operations (unaudited)
(In millions, except unit and per unit amounts)
Three Months Ended   March 31,
                                                         2015 2014
Net loss                                       $(43.4) $(51.3)
Net loss per unitbasic and diluted $(0.34) $(0.40)

Read more: GoDaddy Reports First Quarter 2015 Results | Press Release

UPDATE: NYSE: GDDY - May 11 4:01 PM EDT: $25.68 share price increase of $0.80 / up 3.22% - GoDaddy shares up following bullish underwriter coverage - "GoDaddy (NYSE:GDDY) has received 9 bullish ratings on underwriter coverage day to go with 1 neutral rating (from Stifel). The launches come ahead of the SMB domain name/hosting services firm's Tuesday Q1 report...." read more at  Seeking Alpha

The GoDaddy, "quiet period" ends Monday, May 11, 2015 (check share price: NYSE: GDDY). GoDaddy issued 23,000,000 shares in its IPO on April 1st, to raise a total in initial public offering of (USD) $460,000,000, based on the initial share price of $20.00 (total market cap $3.85B). During the company’s quiet period, insiders and underwriters that worked on the IPO are restricted from issuing any research reports for the company because of SEC regulations. Effective May 12th, IPO underwriters, including Citigroup, JPMorgan, Morgan Stanley, Barclays, and Deutsche Bank, can publish reports and recommendations, often causing a temporary increase in share price.

GoDaddy Inc. - Q1 2015 Earnings Conference Call: Tuesday, May 12, 2015 Time: 05:00 PM EST (US) Time Converter

Q1 2015 Earnings Conference Call - View the live Webcast

GoDaddy Inc. is a domain name registrar and has developed a set of cloud-based technology products that enable its customers to establish a digital presence, connect with their customers and manage their business operations. The Company's products include domain, hosting and presence, and business applications.

see also:

• GoDaddy IPO Puts Lipstick on the Pig, Raises $460 million
• The Past Has Gone, Why A GoDaddy IPO Is Like ICANN, Another Relic
• Is the GoDaddy IPO Still "No Go" Time? (video)
• GoDaddy CEO Blake Irving, Leading Change, Interview, Podcast

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After 18 Years, Why No Net Income for GoDaddy? (videos)

After 18 Years, Why No Net Income for GoDaddy? GoDaddy CEO Blake Irving discusses the company’s IPO, business and the first day of trading on April Fools' Day, April 1, 2015. He speaks on Bloomberg's “Market Makers.” GoDaddy trades under the symbol GDDY on the New York Stock Exchange (NYSE).

NYSE Group President Tom Farley discusses GoDaddy’s first day of trading and competition for IPO’s. He speaks on “Market Makers.”

Despite the hype and euphoria of the opening day, not everyone is positive on GDDY:

Cramer: Stay away from GoDaddy: "Investors should not buy into the hype of GoDaddy's initial public offering, CNBC's Jim Cramer said Wednesday. "I think it's telling that it's not making money," Cramer said on "Squawk on the Street." That's code for 'what the heck are they doing?'" Cramer made his remarks ahead of the Internet domain registrar's IPO.GoDaddy priced its IPO at $20 per share, above the estimated range of $17 to $19. Its opening trade came in at $26.15 per share."

GoDaddy soars on IPO, should you buy? Pros divided: "... for Jason Rotman, president of Lido Isle Advisors, GoDaddy is a "bad investment." He called the stock's performance Wednesday "classic first-day euphoria" and believes it will settle back down around the $18-$20 range. The company's biggest problem, he said, is that it is losing money: $200 million in 2013 and "a little bit less" last year. "Why would anybody invest in a company that is losing hundreds of millions of dollars per year?" Rotman asked. "GoDaddy, in my opinion, has zero moat of safety around their business model. It's only going to get more competitive."..."

see  also: GoDaddy IPO Puts Lipstick on the Pig, Raises $460 million


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