IsraelValley a eu l’occasion dans le passé de s’intéresser à Pagaya Technologies. Cette startup israélienne de la fintech est une perle technologique très convoitée, mais qui traverse cette semaine une crise. Plus de 25% de sa valeur en bourse a chuté!
Il y a quelques mois selon Investir : « La fintech Pagaya Technologies est en passe de conclure un accord de fusion avec EJF Acquisition Corp., un véhicule d’investissement coté (Spac), qui lui permettrait de s’introduire en Bourse avec une valorisation de 9 milliards de dollars environ, ont indiqué des personnes proches du dossier au Wall Street Journal ».
CALCALIST. The surge in the stock of Israeli fintech company Pagaya never seemed sustainable, and it looks as if it may now well be over. Pagaya has lost almost a quarter of its value over the past week since announcing its results for the second quarter of the year, falling beneath a market cap of $11 billion on Nasdaq on Monday. The company has lost almost half its value since peaking at a valuation of around $20 billion at the beginning of August.
Pagaya’s results, announced last Tuesday, were far from disappointing, with its network volume increasing 79% to $1.9 billion in the second quarter. Total revenue and other income increased 83% to $181.5 million, while net loss attributable to Pagaya shareholders reached $146.3 million and was impacted by share-based compensation of $146 million. The company said that it expects its network volume for the entire 2022 to range between $7.2 billion and $7.8 billion, while total revenue is expected to range between $700 million and $725 million. Adjusted EBITDA is expected to range between negative $20 million and positive $10 million, but Pagaya’s share price was always likely to drop regardless of its results.
