Lower interest rates also may spur more activity on lending platforms such as upstart. Deals in the making? And was notable for the fintech ipo index due to acquisitions. Nuvei went private and in a billion deal became a wholly owned subsidiary of pe firm advent international. At the time of announcement the deal represented a premium to nuveis trading price. Elsewhere and just last month moneylion entered a definitive agreement to be acquired by gen digital for billion investors seemingly had been anticipating such a corporate action as shares were trading at or above the per share level into the announcement.
The two deals both of them bids for platform companies saudi arabia cell phone number list where nuvei has been focused on payment processing and moneylions been building out a financial services ecosystem represent what might be on investors radars. Platforms are extensible and can be broadened to include new services and products and can with enough scale become global. Bill.coms up roughly since its ipo and as pymnts has reported has been announcing new capabilities aimed at modernizing and streamlining bb and corporate back office processes and payments.
Bnpl perhaps no surprise has been a standout for the past several months as noted by pymnts intelligence research and by the fact that sezzle is now nearly above its offer price. For quickly growing corporates investors tend to look at multiple such as price to sales and whether ebitda a rough measure of cash flow and thus operating not net profits are positive. The average price-to-sales ratio across our universe of coverage stands at versus a roughly multiple as estimated by sites such as macrotrends.