WUBA - 58.com Inc.

NYSE - NYSE Delayed price. Currency in USD
59.10
+0.60 (+1.03%)
At close: 4:02PM EST
Stock chart is not supported by your current browser
Previous close58.50
Open58.90
Bid59.14 x 800
Ask60.68 x 1200
Day's range58.56 - 60.98
52-week range47.20 - 74.17
Volume667,503
Avg. volume790,306
Market cap8.837B
Beta (5Y monthly)1.67
PE ratio (TTM)29.11
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • China’s 58 Home Said to Delay U.S. IPO as Virus Hurts Demand
    Bloomberg

    China’s 58 Home Said to Delay U.S. IPO as Virus Hurts Demand

    (Bloomberg) -- 58 Home, the maid and home-maintenance service owned by China’s Craigslist equivalent 58.com Inc., has delayed its planned U.S. initial public offering, according to people familiar with the matter, as the coronavirus outbreak cripples customer demand.The company’s pre-IPO financing round -- a private fundraising effort that started late last year -- also hasn’t been completed, said the people, who asked not to be named because the information is private. The IPO had been expected to take place in the first half of the year.Shares of 58.com Inc. fell 4.9% in New York trading, the biggest decline since September.The 58 Home’s move adds to the list of IPO setbacks amid the virus outbreak. Restaurant operator Daikiya Group Holdings Ltd. on Wednesday canceled its first-time share sale in Hong Kong, while Chinese biotech firm InnoCare Pharma Ltd. has postponed investor meetings for its planned listing in the financial hub.Read: Virus Hits World’s No.1 IPO Market as Investor Meetings ScrappedThe virus has killed at least 1,355 people in China as of Thursday. People across the nation have been minimizing personal contact for fear of contracting the disease, hurting 58 Home’s on-demand services including part-time cleaners and home handymen.“Obviously, the virus outbreak has affected home and cleaning services -- that entire sector has almost been brought to a standstill,” 58 Home said in a statement. “Our short-term revenue will be affected.”The firm declined to comment on its IPO and fundraising plans.The company added it is facing a severe shortage of maids, and 30 million people in the home and cleaning-services sectors could lose their jobs if the outbreak continues.Workers StrandedMany workers are still stranded in their hometowns, where they traveled for Lunar New Year celebrations, and haven’t been able to return to major cities after the authorities curtailed travel to try to contain the virus.To ensure the health of maids who work on its platform, 58 Home has been logging their travel history, and offering masks and temperature checks.Locally known as 58 Daojia, the company has been seeking funds to bankroll an expansion into China’s competitive online services arena. It was aiming for a valuation of as much as $2 billion in a U.S. IPO.58 Home is one of China’s leaders in helping people connect online with services from flower delivery to home cleaning. Backed by Tencent Holdings Ltd., it’s vying against deeper-pocketed rivals such as Meituan Dianping and businesses operated by e-commerce leader Alibaba Group Holding Ltd. All are targeting a slice of a market for physical, on-demand services that are being disrupted by online technology.58.com’s unit raised its last private funding round in 2015, garnering $300 million from investors including Alibaba, KKR & Co. and Ping An Group. Parent 58.com holds 68.8% of the company’s equity interest but doesn’t consolidate the unit’s financials in its own results, according to its annual filing.(Updates to add 58.com Inc. share price in third paragraph)To contact the reporters on this story: Lulu Yilun Chen in Hong Kong at ychen447@bloomberg.net;Dong Cao in Beijing at dcao59@bloomberg.netTo contact the editors responsible for this story: Candice Zachariahs at czachariahs2@bloomberg.net, Peter Vercoe, Fion LiFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Does 58.com Inc.’s (NYSE:WUBA) ROCE Reflect Well On The Business?
    Simply Wall St.

    Does 58.com Inc.’s (NYSE:WUBA) ROCE Reflect Well On The Business?

    Today we are going to look at 58.com Inc. (NYSE:WUBA) to see whether it might be an attractive investment prospect...

  • Bloomberg

    China’s 58 Home Seeks U.S. IPO of $2 Billion Online Services Arm

    (Bloomberg) -- 58 Home, owned by China’s Craigslist equivalent 58.com Inc., is close to completing a private fundraising en route to a U.S. initial public offering that could value the online services platform at as much as $2 billion, people familiar with the matter said.The business, known locally as 58 Daojia, is seeking funds to bankroll an expansion into China’s competitive online services arena. It’s now wrapping up a pre-IPO financing round at a valuation of more than $1 billion, the people said, requesting not to be named because the matter is private. Once that’s done, 58 Home intends to prepare for a U.S. debut in which it will seek a valuation of between $1.5 billion and $2 billion, one of the people said.Deliberations are at an early stage and details of the potential offering could still change, the people said. Liu Cong, a spokesman for 58.com, declined to comment, while a representative for 58 Home also had no comment. 58.com’s shares rose 2% in New York.58 Home is one of China’s leaders in helping people connect online with services from flower delivery to home-cleaning. Backed by Tencent Holdings Ltd., it’s vying for market share however against deeper-pocketed rivals such as Meituan Dianping and certain businesses operated by e-commerce leader Alibaba Group Holding Ltd. All are eyeing a slice of a market for physical, on-demand services still largely undisrupted by online technology.58.com’s unit raised its last private funding round in 2015, garnering $300 million from investors including Alibaba, KKR and Ping An Group. Parent 58.com holds 68.8% of the company’s equity interest but doesn’t consolidate the unit’s financials in its own results, according to its annual filing.(Updates with shares in third paragraph)\--With assistance from Julia Fioretti and Manuel Baigorri.To contact Bloomberg News staff for this story: Lulu Yilun Chen in Hong Kong at ychen447@bloomberg.net;Dong Cao in Beijing at dcao59@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, ;Fion Li at fli59@bloomberg.net, Edwin ChanFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Moving Average Crossover Alert: 58.com
    Zacks

    Moving Average Crossover Alert: 58.com

    58.com Inc. (WUBA) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

  • Should We Be Delighted With 58.com Inc.'s (NYSE:WUBA) ROE Of 21%?
    Simply Wall St.

    Should We Be Delighted With 58.com Inc.'s (NYSE:WUBA) ROE Of 21%?

    While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

  • Is 58.com (WUBA) a Potential Stock for Value Investors?
    Zacks

    Is 58.com (WUBA) a Potential Stock for Value Investors?

    Let's see if 58.com (WUBA) stock is a good choice for value-oriented investors right now from multiple angles.

  • Should 58.com (NYSE:WUBA) Be Disappointed With Their 37% Profit?
    Simply Wall St.

    Should 58.com (NYSE:WUBA) Be Disappointed With Their 37% Profit?

    If you buy and hold a stock for many years, you'd hope to be making a profit. Better yet, you'd like to see the share...

  • 58.com Inc (WUBA) Q2 2019 Earnings Call Transcript
    Motley Fool

    58.com Inc (WUBA) Q2 2019 Earnings Call Transcript

    WUBA earnings call for the period ending June 30, 2019.

  • 58.com Inc. (NYSE:WUBA): Will The Growth Last?
    Simply Wall St.

    58.com Inc. (NYSE:WUBA): Will The Growth Last?

    Based on 58.com Inc.'s (NYSE:WUBA) earnings update in March 2019, the consensus outlook from analysts appear somewhat...

  • Should You Be Adding 58.com (NYSE:WUBA) To Your Watchlist Today?
    Simply Wall St.

    Should You Be Adding 58.com (NYSE:WUBA) To Your Watchlist Today?

    It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

  • Is 58.com Inc. (NYSE:WUBA) Trading At A 28% Discount?
    Simply Wall St.

    Is 58.com Inc. (NYSE:WUBA) Trading At A 28% Discount?

    In this article we are going to estimate the intrinsic value of 58.com Inc. (NYSE:WUBA) by projecting its future cash...

  • Internet-Software & Services Outlook: Price Correction Drives Opportunities
    Zacks

    Internet-Software & Services Outlook: Price Correction Drives Opportunities

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  • Okta (OKTA) Surges: Stock Moves 6.2% Higher
    Zacks

    Okta (OKTA) Surges: Stock Moves 6.2% Higher

    Okta (OKTA) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.

  • WUBA vs. RNG: Which Stock Should Value Investors Buy Now?
    Zacks

    WUBA vs. RNG: Which Stock Should Value Investors Buy Now?

    WUBA vs. RNG: Which Stock Is the Better Value Option?

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    Zacks

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  • Why Shares of Uxin Crashed on Thursday
    Motley Fool

    Why Shares of Uxin Crashed on Thursday

    The company's convertible offering is coming under scrutiny.

  • 58.com Inc (WUBA) Q1 2019 Earnings Call Transcript
    Motley Fool

    58.com Inc (WUBA) Q1 2019 Earnings Call Transcript

    WUBA earnings call for the period ending March 31, 2019.

  • Is 58.com Inc.'s (NYSE:WUBA) Liquidity Good Enough?
    Simply Wall St.

    Is 58.com Inc.'s (NYSE:WUBA) Liquidity Good Enough?

    Stocks with market capitalization between $2B and $10B, such as 58.com Inc. (NYSE:WUBA) with a size of US$8.1b, do not...

  • What Is 58.com Inc.'s (NYSE:WUBA) Share Price Doing?
    Simply Wall St.

    What Is 58.com Inc.'s (NYSE:WUBA) Share Price Doing?

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Today we're going to take a look at the well-established 58.com Inc. (NYSE:WUBA). The compan...

  • What Are Analysts Saying About 58.com Inc.'s (NYSE:WUBA) Earnings Trajectory?
    Simply Wall St.

    What Are Analysts Saying About 58.com Inc.'s (NYSE:WUBA) Earnings Trajectory?

    The latest earnings release 58.com Inc.'s (NYSE:WUBA) announced in December 2018 showed that the company gained from a sizeable tailwind, eventuat...

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    Zacks

    New Strong Sell Stocks for April 2nd

    Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today

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    Stocks Slide for Third Straight Day

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  • Why JD.com Popped ~10% Today
    Market Realist

    Why JD.com Popped ~10% Today

    Why JD.com Popped ~10% TodayJD.com This morning, Chinese e-commerce giant JD.com (JD) was trading on a strong bullish note. Earlier today, the company’s ADS (American depository share) posted a high of $28.52 for the day, up about 9.8% from