Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Bob van Dijk, CEO of both <a href="https://www.smartkarma.com/entities/naspers-ltd" target="_blank" data-smartkarma-citation="entities:21085:1" rel="noopener">Naspers (NPN SJ)</a> and <a href="https://www.smartkarma.com/entities/prosus-nv" target="_blank" data-smartkarma-citation="entities:28104:1" rel="noopener">Prosus NV (PRX NA)</a>, has stepped down, effective 18 September. </li>
<li>Van Dijk was instrumental in the 2019 listing of Prosus and the creation (and subsequent unwinding) of the highly-criticised Prosus/Naspers cross-holding structure. </li>
<li>His departure should have minimal impact. Everything else basically stays the same. Continue to be long Prosus vs. NAV - that is, Prosus vs. <a href="https://www.smartkarma.com/entities/tencent-holdings-ltd" target="_blank" data-smartkarma-citation="entities:26:1" rel="noopener">Tencent (700 HK)</a>.</li>
</ul>


Bob van Dijk, CEO of both Naspers (NPN SJ) and Prosus NV (PRX NA), has stepped down, effective 18 September. 
Van Dijk was instrumental in the 2019 listing of Prosus and the creation (and subsequent unwinding) of the highly-criticised Prosus/Naspers cross-holding structure. 
His departure should have minimal impact. Everything else basically stays the same. Continue to be long Prosus vs. NAV - that is, Prosus vs. Tencent (700 HK).


Prosus/Naspers: Business As Usual As CEO Steps Down

Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

Algosun Global

Equity Capital Markets

<a href="https://www.smartkarma.com/entities/remitly-global-inc" target="_blank" data-smartkarma-citation="entities:11929:1" rel="noopener">Remitly Global (RELY US)</a> , the Seattle-based all-digital financial services provider for immigrants and their families, filed for an IPO and with the most recent S-1/A, fintech unicorn plans to raise ~$285 million at midpoint of the price range at $40/share. This implies IPO valuation of ~$7.6 billion on a fully diluted basis, including options, RSUs and warrants. PayU, a payment technology leader and one of the world’s top investors in fintech, agreed to purchase a number of Remitly shares at IPO price with an aggregate purchase price of up to $25 million in a private placement. <a href="https://www.smartkarma.com/entities/remitly-global-inc" target="_blank" data-smartkarma-citation="entities:11929:1" rel="noopener">Remitly Global (RELY US)</a>  applied to list common stock on the Nasdaq Global Select Market under the symbol “RELY”. Goldman Sachs and J.P Morgan are leading the IPO.

Remitly Global (RELY US) , the Seattle-based all-digital financial services provider for immigrants and their families, filed for an IPO and with the most recent S-1/A, fintech unicorn plans to raise ~$285 million at midpoint of the price range at $40/share. This implies IPO valuation of ~$7.6 billion on a fully diluted basis, including options, RSUs and warrants. PayU, a payment technology leader and one of the world’s top investors in fintech, agreed to purchase a number of Remitly shares at IPO price with an aggregate purchase price of up to $25 million in a private placement. Remitly Global (RELY US)  applied to list common stock on the Nasdaq Global Select Market under the symbol “RELY”. Goldman Sachs and J.P Morgan are leading the IPO.   

Remitly IPO. VC-Funded Disruptor Transforming Remittances

United States

Remitly Global Inc provides financial services. The Company offers online money transer and payment solutions. Remitly Global serves customers worldwide.

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Remitly Global (RELY US)

Prosus/Naspers: Business As Usual As CEO Steps Down

For arbers, go long Prosus and hedge 75% with Tencent, and 10-15% of Prosus listed holdings (Meituan, Delivery Hero, Trip.com, Remitly Global)...

David Blennerhassett

Remitly IPO. VC-Funded Disruptor Transforming Remittances

Remitly IPO is a promising investment opportunity to increase exposure to high-growth disruptors transforming global remittance market

Andrei Zakharov

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