Latest news with #Quiambao
GMA Network
6 days ago
- Sport
- GMA Network
Tim Cone says Gilas ‘outcoached' in loss to Chinese Taipei in FIBA Asia Cup
Gilas Pilipinas head coach Tim Cone took full accountability for the team's 95-87 defeat to Chinese Taipei — a loss that dealt a huge early blow to their 2025 FIBA Asia Cup campaign. Cone, the most accomplished coach in PBA history, didn't mince words as he admitted to being 'outcoached' by Chinese Taipei tactician Gianluca Tucci, who once again got the better of Gilas following their 91-84 upset of the Philippines in the FIBA Asia qualifiers back in February. "Obviously we didn't play a very good one. [I'm] disappointed with the way we played, we got behind early in the game and just played on our heels the whole way. It's like we're in panic mode for 40 minutes," Cone said. "They're playing high-level basketball, extremely well-coached. Obviously, they outcoached us tonight. A disappointing performance on my part and really hurt by the loss." Chinese Taipei got off to a hot start in the game with sniper Ying-Chun Chen scoring 11 of his game-high 34 points in the first quarter alone, which helped them build a lead as big as 17 points, 27-10. But Gilas Pilipinas stood its ground with the likes of Dwight Ramos, Kevin Quiambao, and Justin Brownlee sparking a comeback. Quiambao, who made the most of his 16 minutes of playing time, opened the payoff period with a personal 5-0 run. He also knocked down a tough three-pointer to bring the Filipinos to within six, 80-74, with 4:43 left. Chen, however, dashed whatever hope Gilas had left, drilling another triple and sinking two free throws to push Chinese Taipei ahead, 85-74. Quiambao would still show some fight in him by firing a triple, but Chinese Taipei big man Brandon Gilbeck converted back-to-back baskets including a game-sealing dunk to close it out for the world no. 73 Chinese Taipei. Cone admitted that the win proved Chinese Taipei has the tools to contend for a podium finish in the tournament. "If Chinese Taipei continues to play like they did, making shots the way that they were making, [then] they could be one of the guys that gets a medal, without a doubt," he said. But his focus isn't on the other team right now, stressing they have to regroup as one unit, especially as they will have to go up against a powerhouse New Zealand next. READ MORE | Gilas Pilipinas at 2025 FIBA Asia Cup: Schedule vs Chinese Taipei, New Zealand, and Iraq Gilas will look to atone for the opening day loss on Thursday night against the Tall Blacks, who cruised to an early 1-0 card in Group D following a 100-78 win over Iraq. "But we'll see what we can do, we have to see if we can bounce back from this and move forward. That's the only thing that we can do at this point." —JMB, GMA Integrated News
Yahoo
26-07-2025
- Business
- Yahoo
The IPO market may be back, but only for prepared CFOs
This story was originally published on To receive daily news and insights, subscribe to our free daily newsletter. After three sluggish years in the IPO market, the rising cost of capital paired with recent stock market performance has resulted in a resurgence of IPOs. But for finance chiefs hoping to join that wave, the path forward likely isn't about perfect timing. Rather, it's about precision and performance. 'This is all about, do you have great numbers? If you have the metrics… the market is open,' said Dean Quiambao, chief relationship builder, partner and Northern California Market leader at accounting, consulting and technology firm Armanino, and a trusted adviser to pre-IPO CFOs. After predicting the IPO market would have the upturn it's seeing now, Quiambao still says metrics alone aren't enough. 'A Taylor Swift-style 'Love Story' is not good enough anymore,' he said. 'These companies better have a growth story.' Turning metrics into action According to Quiambao, headline metrics are only the start to a successful offering. He affirmed investors want proof of revenue quality, customer retention and legitimate product or offering expansion capabilities. 'To use Sigma Computing as an example, [more than half] of customers use two or more products,' he noted. 'That feels good.' He also cited Sigma's Rule of 40 score, saying it's at 63, as the kind of performance that catches institutional investor attention. '[I believe] that one's gonna go,' he said. 'Watch out.' Once metrics like these are achieved, Quiambao said it's the CFO's job to not only present them, but to strategically embed them across the organization. 'The best companies control the KPIs that matter most to them,' he said. 'They go to market saying, 'These are the 10 or 11 [KPIs] we track. Take a look [at] how we track them quarter after quarter.'' Quiambao said the most effective CFOs can turn those KPIs into shared accountability. 'They've built a sense of responsibility across the company,' he said. 'People feel like that's our metric. Those team members know how they can personally take ownership of the data.' With this in mind, there's an important distinction to be made that confidence in current performance is less important than the ability to forecast. 'I've personally met CFOs and finance teams who've told me, 'The only thing stopping us from going public is our forecastability of [quarter over quarter] revenue and sales,'' he said. 'They say, 'We know the deal is going to come in, but we just don't know what quarter it's going to come in.'' That kind of variability in forecasting, he explained, can disqualify otherwise strong companies. 'If you're going to go public right now, you better hit your first couple of quarters,' he said. 'That's imperative.' Balancing growth aspirations with IPO pricing While investors want growth, they also expect to see scalable operations and profit leverage. Quiambao said the ability to show how automation improves margins is now also a must. He explained how Chime, the mobile banking fintech that had its IPO early last month, is a good example of this. 'Chime has become known for implementing technology to the point where a large majority of their customer interactions don't [involve] people,' he said. 'They build systems, processes and technology, and that's driving down cost and increasing efficiency.' But even when the fundamentals, forecasting and execution are all there, pricing the IPO appropriately remains critical. 'Don't be greedy,' Quiambao said. 'There have been companies recently that went out a little greedy, and they were just flat.' He cited CoreWeave's recent IPO as a case study in smart valuation. 'They went out at a decreased valuation than what was reported in the past, and then they had some results, and then they had some quarter by quarter. And now? Look at them. They're on a solid trajectory.' Quoting a conversation he had with a leader at NASDAQ Capital Markets in New York, Quiambao said pricing strategy is critical to earning investor dollars on the onset. '[The NASDAQ leader] said, 'I got $20 trillion within eight blocks up here, and they all want to buy tech,'' Quiambao explained. 'But he made an important distinction: they've got to go out at the right price.' For some companies, that means going public at a reduced valuation. 'Are you willing to go out at a price that might be less than your last stated valuation, and then go earn it back?' Quiambao said. 'Well-prepared finance teams will earn that valuation back if they do it right.' Private equity's influence For the growing number of CFOs who are working at private equity-backed companies, preparing to go public comes with added layers of complexity. Quiambao said those deals often require navigating capital structures that weren't designed with public markets in mind. 'Private equity wants to move fast, but the CFO needs to be sure that the process is done correctly. A flat IPO is never good, but one under private equity or after a private equity exit can result in additional challenges for leadership across the organization.' Dean Quiambao Partner, Northern California market leader, Armanino 'You've got time constraints, carry structures, rollover equity, maybe some debt limitations,' he said. 'And sometimes the CFO's job becomes, how do we untangle all that and still tell a clean, compelling story to public investors?' In these scenarios, finance leaders are balancing the expectations of their PE sponsors with the type of rigor demanded by public markets. That includes aligning short-term performance with long-term investor confidence, while also making sure legacy deal structures don't create any extra friction between leaders during the IPO process. Quiambao said successful PE-backed CFOs tend to treat readiness as a full-time discipline, not a transactional push. 'They're modeling out scenarios early, managing tax exposure and thinking about how to structure equity in a way that holds up under public scrutiny,' he said. 'And they're doing it all on a compressed timeline.' He said a flat IPO in this scenario can be detrimental. 'Private equity wants to move fast, but the CFO needs to be sure that the process is done correctly. A flat IPO is never good, but one under private equity or after a private equity exit can result in additional challenges for leadership across the organization.' A Bay Area bounce back? While other cities have drawn headlines for innovation and tech talent, Quiambao said the Bay Area is quietly regaining its position as a hub for AI and IPO-stage companies. Other areas, like Texas and Miami, have claimed their cities as the next technology and finance hubs too, but Quiambao says San Francisco's role in that is growing rapidly right now. 'People might not want to believe it, but the Bay Area is coming back,' he said. 'We are becoming the home of AI.' He described a new concentration of venture firms, founders and startups around the Mission Bay neighborhood, where OpenAI's headquarters sit across from the Golden State Warriors' arena. 'There are always important people walking around, there's always security everywhere,' he said. 'It's like the AI corner right there. You want to meet an AI person? Just hang out there for a bit. The buzz around here is real.' He also said he sees founders reversing course on the trend of a mass exodus of business, finance and technology professionals from California that has occurred in recent years. 'I met a CEO during New York Tech Week, and he told me he is moving from New York to San Francisco,' Quiambao said. 'His competitor is here. His VCs are here. The AI scene is here. He said, 'I have to move where the action is happening.'' Recommended Reading The IPO market is ready for a comeback, says Armanino's Dean Quiambao 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
GMA Network
21-07-2025
- Sport
- GMA Network
This Filipino skills trainer helped Kevin Quiambao land a spot in a private scrimmage in US
What started only as a personal trip to the United States for Patrick Tancioco turned into a chance to help rising basketball star Kevin Quiambao chase his NBA dream. Quiambao was in the US in July, with training sessions in Sacramento, Los Angeles, San Francisco, and Las Vegas. Last week, he was also part of a private scrimmage hosted by Excel Sports Management, which was attended by scouts and front office personnel of several NBA teams. READ MORE | Kevin Quiambao talks about his NBA dream and recent US training Tancioco, who founded Better Basketball and trains top collegiate and professional players, traveled to the US to meet up with his mentor, NBA skills coach Drew Hanlen, and help run sessions with NBA players at the NBA Pro Day in Las Vegas. Upon learning that Quiambao was in the same country, Tancioco decided to lend the Pinoy baller a hand and connected him with Tim Edwards of Excel, leading to Quiambao's participation in the workout. "'Yun talaga ang pinunta ko dito, hindi si KQ. Na-tiyempo lang na nandito siya at kailangan niya ng tulong pero ako ang purpose ko dito ay i-meet si Drew Hanlen, 'yung mentor ko," Tancioco told GMA News Online in an interview last week. "So meron akong friend na agent, five years ko na siyang kaibigan, si Tim Edwards. Nag-fall through 'yung ibang plano ni KQ dito so minessage ko si Tim." [That's what I came here for, not KQ. It just so happened that he was here and he needed some help but my purpose was to meet my mentor Drew Hanlen… I have a friend who's also an agent, he's been my friend for five years, Tim Edwards. KQ's other plans fell through so I messaged Tim.] Quiambao is no stranger to Edwards. Tancioco shared that five years ago, he sent Edwards video featuring then-rising stars Carl Tamayo and Aldous Torculas—back when they were still playing for NU Nazareth School and UP Integrated School, respectively. The goal was to ask if either had the potential to make it to US NCAA Division I. "But surprisingly ang napansin niya doon sa video ay si Kevin Quiambao. Nu'ng pinaalala ko kay Tim, sabi niya sakto kasi 'yung agency niya, which is Excel Agency, merong private runs,' Tancioco shared. [Surprisingly, Kevin Quiambao was the one he noticed. When I reminded Tim, he said, it was fortunate because his agency, Excel Agency, was doing private runs.] The 24-year-old Quiambao, for his part, spoke about the work he's put in while he was in the US. "Tutuloy-tuloy lang. Siyempre for the love of the game, and then para sa country natin kasi I'm trying to aim na maging first Filipino full-blooded na makapasok sa NBA," Quiambao told GMA Integrated News' Martin Javier. "Nothing is impossible naman." [I just keep going. Of course, for the love of the game and for the country also because I'm trying to aim to become the first Filipino full-blooded player to make it to the NBA... Nothing is impossible.] —with reporting from Martin Javier/JMB, GMA Integrated News
GMA Network
16-07-2025
- Sport
- GMA Network
Kevin Quiambao talks about his NBA dream and recent US training
For Kevin Quiambao, the journey to fulfilling his NBA dream is not yet over, especially after undergoing training sessions and a private workout in the United States in the last few days. In an exclusive interview with 24 Oras' 'Game Changer' host and sportscaster Martin Javier, Quiambao said he has been in the United States since July 2 and had training sessions in Sacramento, Los Angeles, San Francisco, and Las Vegas. "It's been a long journey for us -- a tiring journey," the reigning UAAP back-to-back Most Valuable Player said. "Ayun nga, para sa pangarap ko is gagawin ko ang best ko, whatever it takes." Quiambao added he will still have sessions with some local trainers but said he is not expecting a spot anymore in the NBA Summer League teams. "I'm trying to be a sponge lang in the next few days kasi ilang days na lang ako rito. Kung ano pa kaya ko ma-learn is i-soak in ko na lang sa sarili ko and dalhin ko sa Pilipinas and Korea mga natutunan ko rito," he added. While in the US, Quiambao confirmed that he had a private workout with NBA players. "It's a privilege for me na makapaglaro with NBA players, with Vic Oladipo, and some two-way players ng NBA. "It's been a pleasure for me. It's a once-in-a-lifetime experience and hopefully this is not the last." "Kailangan ko mag-work hard for me and put my trust in myself lang palagi na kaya kong maabot 'yung NBA mentally and personally na kaya ko gawin lahat," he added. The grind then continues for KQ. "Tuloy-tuloy lang, for the love of the game. Para sa country natin, I'm trying to aim na maging first Filipino na full-blooded na makapasok sa NBA. Nothing is impossible naman." For now, Quiambao said he will join Gilas Pilipinas for the upcoming FIBA Asia Cup. "Darating naman ako doon the day before the training camp will start. Gagawin ko lahat for the country," he said. —JKC, GMA Integrated News
GMA Network
04-07-2025
- Sport
- GMA Network
Get to know Kevin Quiambao, the Filipino pursuing his NBA dream
Photo Inside Page Kevin Quiambao has officially taken his first big step toward making his NBA dream a reality. The 24-year-old Filipino basketball star arrived in Sacramento, California, on Thursday, July 3 (Manila time), as part of his plan to join training camps and catch the eye of scouts from the NBA. He shared a glimpse of his journey through a social media stories, showing a sneak peek into his training. Quiambao, currently playing for the Goyang Sono Skygunners in the Korean Basketball League (KBL), is looking to take his talents to the next level. As part of his U.S. visit, he will meet with PBA legend and former Gilas Pilipinas standout Jimmy Alapag, who now works as an assistant coach for the Sacramento Kings. The Muntinlupa native also has his sights set on securing a slot in the NBA Summer League, scheduled from July 10 to 20. Quiambao's impressive debut season in the KBL made waves among fans and analysts alike. The two-time UAAP MVP averaged 16.9 points, 6.3 rebounds, 3.9 assists, and 1.3 steals over 23 games. Despite his stellar performance, Goyang finished the season in eighth place with a 19-35 record.
