|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||52.89 - 54.80|
|52-week range||29.02 - 70.48|
|Beta (5Y monthly)||1.24|
|PE ratio (TTM)||N/A|
|Earnings date||25 Feb 2021|
|Forward dividend & yield||1.30 (2.35%)|
|Ex-dividend date||09 Jun 2020|
|1y target est||99.21|
Many people know Altria Group (NYSE: MO) as the tobacco conglomerate that owns the famous Marlboro brand. This stake is currently worth north of $13 billion and plays a big part in calculating the intrinsic value of Altria. While it can pay to diversify, Altria management should seriously consider selling its stake in Anheuser Busch.
This year has already started with a bang, and with a “blue wave” looming over the United States, three industries could be ready to explode
(Bloomberg) -- Kuaishou Technology, the main rival to ByteDance Ltd., has received approval from the Hong Kong stock exchange for an initial public offering of about $5 billion, according to people familiar with the matter, paving the way for one of the city’s biggest listings of the year.The Tencent Holdings Ltd.-backed short video startup plans to begin gauging demand for its IPO as soon as next week, one of the people said, asking not to be identified as the information isn’t public. Kuaishou is angling for a valuation of $50 billion, almost twice the recent estimate, Bloomberg News has reported.A representative for Kuaishou had no immediate comment.Kuaishou, which means “fast hand” in Chinese, is set to win the race against larger rival ByteDance in going public. The owner of the wildly popular apps TikTok and Douyin is in discussions to raise $2 billion privately before listing some of its businesses in Hong Kong, Bloomberg News reported last year.Why Trump Is Threatening Your Teen’s Favorite App: QuickTakeAt $5 billion, Kuaishou’s IPO will be the city’s biggest float since Anheuser-Busch InBev SA’s Asian unit raised $5.8 billion in 2019, excluding the secondary listing of Alibaba Group Holding Ltd. in the same year, data compiled by Bloomberg show.Kuaishou and ByteDance represent a generation of Chinese tech startups that have risen to the fore thanks to a surge in short video, challenging the dominance of Tencent and Alibaba.Kuaishou established its popularity among users in smaller cities and rural areas, with people streaming slices of everyday life from harvesting corn to slurping noodles. It’s since expanded to audiences in bigger cities, hosting content ranging from people playing video games to teenagers lip-syncing pop songs, much like ByteDance’s global app TikTok and its domestic Chinese version, Douyin.Access to Kuaishou’s main app is free, and the startup takes a cut of the tips users give their favorite live-streaming performers. The company was last valued by Pitchbook at $28.6 billion after a February funding round. At $50 billion, it would surpass SpaceX to become the world’s third most valuable private company, according to CB Insights.Read More: TikTok Gives Rare Look Into U.K. Business With $119 Million LossTencent has about a 21.6% stake in Kuaishou, and other backers include venture capital firms DCM, DST Global and Sequoia Capital China, according to a preliminary prospectus.Morgan Stanley, Bank of America Corp. and China Renaissance Holdings Ltd. are joint sponsors of Kuaishou’s proposed IPO.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.