SoftBank-Backed InMobi Is Said to Aim for $1 Billion India IPO
The company plans to hire arrangers for an IPO in Mumbai and file an initial draft prospectus with regulators this year, the people said, asking not to be identified because the discussions are private. InMobi could seek a valuation of $5 billion to $6 billion in a share offering, they said, adding that considerations are ongoing and no final decisions have been made.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Forbes
28 minutes ago
- Forbes
Samsung's Galaxy Z Fold 7 Regains Foldable Throne After Years
The Galaxy Z Fold 7 is so thin Ben Sin Over a 12-month stretch between 2019 and 2020, Samsung invented the foldable phone industry that we know today. In 2019, it was the South Korean tech giant which released the first functional, useable foldable phone (I had to add the descriptive caveats because a now-bankrupted Chinese company named Royole had rushed out a foldable phone before Samsung, but it was only sold in China and did not operate too well), and then a year later, Samsung also released the first flip phone style compact foldable. Fold 7 in the hand Ben Sin But while Samsung pioneered the tech, Chinese brands soon took that idea and began engineering superior foldable hardware. Starting in 2021, when Huawei released the Mate X2, all the way to last year, when Oppo released the Find N5, Chinese foldable phones were flat out superior in hardware in almost every way that mattered: they were thinner, lighter, with bigger batteries, bigger camera sensors, and screens with a less prominent crease at the folding point. Samsung's 2022 foldable, Fold 4 (left) next to Xiaomi's 2022 foldable (right). Look at the difference in thickness. Yet Xiaomi's foldable had a larger battery and better cameras. Ben Sin It took a few years, but Samsung has finally stepped up, and its new Galaxy Z Fold 7 features hardware that more than catches up — and even surpasses — the competition. Significantly thinner compared to last generation The new Fold 7 (left) next to the Fold 6 Ben Sin The biggest change to the Fold 7 is that it has slimmed down drastically. Last year's Fold 6 measured 12.2mm thick when folded. This year's Fold 7 measures just 8.9mm, which is either the number one or two thinnest in the industry right now (Honor is claiming to be thinner at 8.8mm but there have been some disputes). The three latest foldable phones right now Ben Sin If you compare the Fold 7 just against previous Samsung foldables, the new thinness is absolutely jaw-dropping. The phone is also much lighter, at 217g, compared to 239g last year. From worst crease to arguably best crease Samsung's Fold 7 also reduces the display crease at the folding point. The crease is still noticeable if you actively look for it, but it is not as deep or jarring as previous generations of Samsung foldables. Fold 7 screen Ben Sin The method by which Samsung used to reduce the crease appears to be the exact same method Chinese brands have been using for years: allowing a small amount of space in the hinge for the screen to fold in a curved form instead of a straight fold. (The below marketing image is from Chinese brands OPPO/OnePlus, but Samsung's hinge uses this same mechanism to reduce the crease). This is a marketing image released by OPPO/OnePlus for its foldable phone two years ago. But Samsung's hinge now uses this same mechanism. OnePlus But to my eyes, Samsung's Fold 7 crease is even less noticeable (shallower) than the crease in all my other Chinese foldable phones. I feel like the crease in my Honor Magic V5 and Vivo X Fold 5 (both just as new as the Fold 7), has slightly deeper grooves at the folding point. In other words, Samsung's crease went from the worst in the industry to the best. This isn't new tech, however I need to make clear here that almost every improvement the Fold 7 has made -- slimming down, reducing crease -- are not new tech, and in fact, Samsung is merely catching up to the Chinese competition. For me, who has seen all the latest Chinese foldables, the Fold 7 makes me think "about time" more than "wow this is so amazing." Fold 7 in the hand Ben Sin However, Chinese foldables are not available worldwide (they're virtually non-existent in North America and South Korea). So for people who have only seen Samsung's foldables in the past, the Fold 7 will appear very, very impressive to them. Other bits make the Fold 7 the most polished foldable Fold 7 in folded form Ben Sin In addition to the new slimdown and display, the Fold 7 brings back the best-in-class hinge (which has always been a strength of Samsung foldables). The Fold 7 is also powered by a special edition of Qualcomm's Snapdragon 8 Elite that's a bit over-clocked, so it is technically the most powerful silicon in the Android realm right now. Add all these things together, and one can make a case that the Samsung Fold 7 hardware is the best in the industry. This was something I could not say from 2021 to 2024. The camera system of the Fold 7, however, are just solid, but unremarkable. There's a new 200-megapixel main camera that can grab some good looking images, but the 10-megapixel 3X zoom lens is dated, and falls behind the Periscope cameras offered by Chinese competition. The 12-megapixel ultrawide is solid if shooting under good lighting scenarios. Overall, Samsung's camera system is fine for a foldable, but does fall behind Vivo's last two generation of foldable cameras. Fold 7 Ben Sin Battery capacity is also on the low side compared to the competition, at 4,400 mAh. Other foldables, like the Honor Magic V5 or Vivo X Fold 5, pack batteries north of 5,500 mAh in a similar form factor. That's because Chinese brands use a new battery tech known as silicon carbon that is more energy-dense. Samsung has so far avoided using this new battery tech. Considering Samsung's past history with batteries, it is understandable why the company is cautious, but I do need to point out Chinese foldables have been using these batteries for two years and I have not heard any reports of them malfunctioning. Still, the Fold 7 battery life should be enough to last an average Joe all day. I am a heavy user who is always outside (I do not work a 9-5, and I do not like to sit at home), and this phone could still last me about 10 hours of use. For a less active person, who's stuck in the office 8-9 hours a day, or who drives everywhere, the Fold 7 will be able to finish their entire day with enough juice to spare. The Fold 7 is a hit at home in Korea, and will be worldwide Reports out of South Korea show the Galaxy Z Fold 7 is a major hit in its home country, as it has shattered Samsung's pre-order records. And I think the Fold 7 will have similar success worldwide (maybe except inside China, where Samsung has almost no market presence). Fold 7's outside screen next to the Fold 6. Ben Sin Despite Chinese foldables being clearly superior the past few years, various factors (some out of their control) have prevented Chinese foldables from reaching mainstream appeal. Samsung's superior brand power, marketing, and physical retail presence has kept its outdated foldables the last couple years afloat; now that Samsung actually has up-to-date, bleeding edge hardware? I expect the Fold 7 to be a hit from U.K. to Germany, Hong Kong to Singapore. As a tech reviewer, I must still say: about time, Samsung. Now let's not wait four years until your next hardware push.
Yahoo
an hour ago
- Yahoo
CEO of Russia-backed Indian refiner Nayara resigns after EU sanctions, sources say
(Refiles to fix formatting) By Nidhi Verma NEW DELHI (Reuters) -Russia-backed Indian refiner Nayara Energy has named a new chief executive after its previous CEO resigned following European Union sanctions that targeted the company, four sources with knowledge of the matter said on Friday. The reshuffle at the top is the latest disruption for the company since the EU announced a new round of sanctions last Friday directed at Russia over its war in Ukraine. This week, a tanker carrying Russian Urals crude was diverted away from Nayara's Vadinar port to unload its cargo at another port in western India, Reuters reported. That came after two other tankers skipped loading refined products from Vadinar, Reuters reported. Mumbai-based Nayara has appointed company veteran Sergey Denisov as chief executive to replace Alessandro des Dorides, the sources said. Denisov's appointment was decided at a board meeting on Wednesday, they said. Nayara Energy did not immediately respond to a request for comment. Des Dorides, who joined Nayara Energy in April 2024, for a three-year term, did not immediately respond to a message sent on LinkedIn. In its announcement of his appointment last year, Nayara described Des Dorides as a 24-year veteran of the energy industry. He left Italian major Eni in 2019 after about six months as head of oil trading and operations. Denisov has been with Nayara since 2017. His LinkedIn profile describes him as Nayara's chief development officer. In recent days, Nayara's website has no longer carried pages listing its leadership. The company is one of India's two major private-sector refiners, along with the larger Reliance Industries. The pair have been India's biggest buyers of discounted Russian crude. Nayara, which operates India's third-biggest refinery at Vadinar in western Gujarat state, typically exports at least four million barrels of refined products per month, including diesel, jet fuel, gasoline and naphtha. It also operates more than 6,000 fuel stations. The 400,000 barrels per day (bpd) Vadinar refinery is equivalent to nearly 8% of India's total refining capacity of about 5.2 million bpd. Nayara Energy has criticised the EU's "unjust and unilateral" decision to impose sanctions. Russia's Rosneft holds a 49.13% stake in Nayara and a similar stake is owned by a consortium, Kesani Enterprises Co Ltd, led by Italy's Mareterra Group and Russian investment group United Capital Partners, according to a 2024 note by India's CARE Ratings agency. India, which has become the top importer of seaborne Russian oil in the aftermath of Moscow's Ukraine invasion, has also criticised the EU's sanctions. Rosneft, which said the sanctions on Nayara were unjustified and illegal, did not immediately respond to a request for comment.
Yahoo
an hour ago
- Yahoo
Will Stripe SPAC or IPO in 2025?
Key Points Webull, Chime, and Circle Internet Group are some popular fintech companies that went public during the past year. In addition, SoFi Technologies and Robinhood Markets have emerged as leading fintech stocks over incumbents such as Block or PayPal. Although Stripe is a highly coveted private company, investors are curious if the company will become the next hot fintech IPO. 10 stocks we like better than SoFi Technologies › During the past several years, a number of technology-driven companies have burst onto the scene in search of disrupting the financial services industry. Amid a flurry of public offerings from the likes of Webull, Chime, Circle Internet Group, Robinhood Markets, and SoFi Technologies (NASDAQ: SOFI), financial services unicorn Stripe has remained a private company. But with a reported valuation of $91.5 billion, Stripe exceeds the market capitalizations of incumbent fintech businesses such as PayPal and Block by a considerable margin. Let's dig into the paths that competing fintech companies took to public exchanges in recent years. From there, I'll outline some factors that may weigh on Stripe's decision to pursue a public offering in the near future. How do companies go public? During a traditional initial public offering (IPO) process, a company will engage a number of investment banking firms such as Goldman Sachs, Morgan Stanley, or JPMorgan Chase to assist with the underwriting process. Banks put together detailed documentation covering the company's historical financial profile, key performance indicators (KPIs), and risk factors around the business. This information is packaged in a regulatory filing known as an S-1 made with the Securities and Exchange Commission (SEC). From there, banks and executives conduct a roadshow during which they market and pitch the IPO offering to institutional investors and wealth management firms. This process helps gauge investor interest and how the offering should be priced. Another way to list on the public exchanges is through a special purpose acquisition company (SPAC). SPACs are colloquially referred to as "blank check companies" on Wall Street. Essentially, a sponsor will take a shell company public to raise capital. From there, the goal is to use those funds to merge with a private company and take it public . SPACs can be attractive for businesses as they typically offer a faster route to going public compared to traditional underwriting protocols led by investment banks. For investors, SPAC mergers may be more accessible than traditional IPO companies -- where allocations are generally first reserved for institutional investors. How have fintech offerings fared in recent years? Although SPACs may sound appealing as they can provide investors with access to popular start-ups in hot industries more easily than a traditional IPO, there are some important points to consider about these companies. According to a SPAC study conducted at the University of Florida, one-year de-SPAC (the transition period after a merger announcement) returns averaged negative 46.3% between 2012 and 2022. The average three-year return was even worse, posting a return of negative 57.7%. When it comes to industry-specific metrics, the median de-SPAC returns between 2009 and 2025 for crypto companies was negative 66% while broader financial services companies returned negative 6%. No matter which way you cut it, SPACs in the fintech realm have been largely underwhelming. By contrast, since Robinhood went public back in 2021 using the traditional IPO process, the shares have surged by 192% -- handily topping the 48% return from the S&P 500. Both Circle and Chime completed IPOs about a month ago and have posted mixed returns so far. While Circle stock went to the moon initially, it has since pulled back considerably (yet still trades much higher than its IPO price). Chime's action has been relatively muted, likely due to investors realizing that competing neobank SoFi is much larger and more profitable -- calling into question Chime's growth prospects. Should Stripe go public in 2025? Overall, I think the results have largely been mixed for public offerings in the fintech sector in recent years. I think a big reason for this performance is that despite impressive growth and differentiated product offerings, questions remain over how neobanks and new brokerage platforms can really compete and disrupt industry incumbents. In addition, I think Stripe is likely weighing how macro factors such as potential changes to Federal Reserve monetary policy could affect its own business results, sentiment across the broader capital markets, valuations, and appetites for public offerings. Whether Stripe should go public really hinges on the company's needs and whether it makes sense from a strategic and operational perspective. Should you buy stock in SoFi Technologies right now? Before you buy stock in SoFi Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and SoFi Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,774!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,942!* Now, it's worth noting Stock Advisor's total average return is 1,040% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 JPMorgan Chase is an advertising partner of Motley Fool Money. Adam Spatacco has positions in SoFi Technologies. The Motley Fool has positions in and recommends Block, Goldman Sachs Group, JPMorgan Chase, and PayPal. The Motley Fool recommends the following options: long January 2027 $42.50 calls on PayPal and short September 2025 $77.50 calls on PayPal. The Motley Fool has a disclosure policy. Will Stripe SPAC or IPO in 2025? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
