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January 17, 2021

VALUATION

Lower valuation multiple leads to lower General Mills target price

FoodBusinessNews
NEW YORK — Credit Suisse has lowered its target price on Minneapolis-based General Mills, Inc. to $62 from $64 “to reflect a lower valuation multiple.” Meanwhile, the ratings agency maintained its “outperform” outlook for the company. “During our meetings, management laid out a strong case for why the company is......

Playtika aims at near $10 billion valuation in U.S. IPO

Reuters
xx (Reuters) – Playtika Holding Corp, a mobile gaming company owned by a Chinese investor group, said on Thursday it was aiming to raise as much as $1.67 billion in it initial public offering (IPO), giving it a valuation of nearly $10 billion. Reporting by Noor Zainab Hussain in Bengaluru;......

Qualtrics files IPO papers, aiming for valuation of up to $14.4 billion after spinning out of SAP

CNBC
CNBC – For more and to sign up click here Ryan Smith, Co-Founder and CEO of Qualtrics peaks on stage during the 2015 Web Summit on in Dublin, Ireland. Clodagh Kilcoyne | Getty Images Qualtrics is about to go public, for real this time. The cloud software vendor, which SAP......

Salesforce could more than double its valuation after $27.7 billion deal for Slack, Jim Cramer says

CNBC
CNBC – For more and to sign up click here Salesforce‘s blockbuster deal for the Slack messaging platform will give the software giant the visibility it needs to increase its valuation by threefold, CNBC’s Jim Cramer said Thursday. “If you follow the customer, you’ll understand why Salesforce.com, which built a......

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