Cautious Optimism

Cautious Optimism

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Cautious Optimism
Cautious Optimism
Swiggy's IPO inches closer to trading, and is the stock market dangerously overvalued?
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Swiggy's IPO inches closer to trading, and is the stock market dangerously overvalued?

Alex Wilhelm
Nov 11, 2024
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Cautious Optimism
Cautious Optimism
Swiggy's IPO inches closer to trading, and is the stock market dangerously overvalued?
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Welcome to Cautious Optimism, a newsletter on tech, business, and power. This week’s economic calendar can be found here.

  • 📈 Trending Up: Future deportations … The Musk presidency … media economics … crypto venture vibes … bitcoin’s current USD-denominated value … Coinbase, Tesla … self-writing enterprise software …

    • On one hand: Microsoft CFO Amy Hood, regarding calendar Q4: “[W]e expect to add more sequential dollars to Azure than any other quarter in history.”

  • 📉 Trending Down: Anti-Trump VCs, kinda (BBG) … Chinese inflation (or, Trending Up: Deflation risks in China) … Chinese factory prices …. Mozilla …

    • On the other: Slower improvement of marginal AI models at OpenAI?

Swiggy’s IPO is nearly done

Indian quick-commerce giant Swiggy’s IPO is nearly complete. (If you need a refresher on its numbers, head here.) The company will accrue a decacorn valuation in its IPO, and the transaction is oversubscribed. Still, there are some less-than-exuberant details to consider:

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