In today’s briefing:
- IdeaForge Pre-IPO Tearsheet
- Marriott International Inc.: Major Drivers
IdeaForge Pre-IPO Tearsheet
- IdeaForge Technology Limited (1475641D IN) is looking to raise around US$100m in its upcoming India IPO. Some of its notable pre-IPO investors include Qualcomm, Infosys, Celesta Capital (VC).
- IdeaForge develops and manufactures unmanned aerial systems (UAS) and unmanned aerial vehicles (UAV).
- The bookrunners on the deal are JM Financial and IIFL Securities.
Marriott International Inc.: Major Drivers
- Marriott International had a decent business recovery in 2022 and the company delivered an all-around beat in the last quarter.
- The number of leisure transient room nights in the fourth quarter increased compared to 2019.
- Their mobile app users, digital room nights, and digital income all increased in 2022, each by 32% year over year.
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