Discover and read the best of Twitter Threads about #prospectus

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There are 2 ways to interpret digital capital market:“DIGITAL CAPITAL”
market which consists of digital assets,and “DIGITAL”capital market in which financial activities are based on #digitization,according to an inspiring speech by Xiao Gang at 4th #Beijing Global #Fintech Summit Image
According to Xiao, there are three major functions of a “digital capital market”:
1. To reflect capital market activities such as #trading, registration, and
settlement; and to structuralize data in capital market(e.g. financial reporting&
#prospectus) mp.weixin.qq.com/s/-IMkg8W5LJx7…
2. Improve the operation of capital #market, which concerns improving the inclusiveness of #finance, addressing financial information asymmetry, and reforming outdated financial regulatory measures etc.
Read 5 tweets
1// Of all the S-1s this year (Uber, Lyft, Pagerduty, Slack, etc.) & the 17 others in SaaS in 2018, Zoom is #1 in growth rate by a wide margin (120% growth, next closest is Slack and Pagerduty in 50s%; for 2018, Elastic at 70%). It’s also #1 in 2019 for profit margin by a large..
2// margin and it’s the only one in 2019 that’s FCF+ — so undoubtedly an A++ financial profile and probably the closest thing to venture growth rates in the public markets (will be #1 in the Bessemer cloud index of 49 recent software companies by 50% over the #2 (Elastic)).
3// also of note, the Company spends $6 on S&M per $1 spent on R&D. Clearly the product team is super efficient. Effective and massive S&M budget of $300m+ run rate —> 120% growth with 140% annual net expansion. Ridiculous execution 📈
Read 5 tweets

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