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ipo IPO Watch

Luxury Social Club Operator Membership Collective prices IPO at $14 low end

The Membership Collective Group sells subscriptions to a variety of restaurants and social groups across the world.

Soho Houses are the company’s core locations, which are designed to be collaborative, creative spaces for writers, artists, performers, entrepreneurs, directors, designers, and producers.

A group of influential creatives and innovators who represent the local area selects the members of each Soho House.

Other locations offered by Membership Collective Group include the work-oriented Soho Works, The Ned in London, and Scorpios Beach Club in Mykonos.

Company Profile

Membership Collective Group Inc. is a global membership platform. The Company offers platform of physical and digital spaces that connects a diverse group of members to work, socialize, and flourish all over the world. Membership Collective Group serves customers worldwide.

(Source: NASDAQ)

General Advice Warning

Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.

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Currencies Trading Ideas & Charts

3 Key Factors Affecting the Exchange Rate Fluctuations between AUD and INR

High interest rates in India attract foreign investors to earn high returns for their savings which increases demand & value of the Rupee against AUD and vice versa. Presently the cash rates are 8.5% and 2.25% for Reserve Bank of India and Reserve Bank of Australia respectively.

  1. Inflation

Inflation is general price rise over a period of time. A prices rise will buy you less i.e. it erodes the value of money over time. Presently India is facing high inflation of about 5.5% to 8.5% which decreases the demand for Rupees. And Australia facing relatively low inflation approx to 1.3% creates safer option to invest for the investor and increases demand for the AUD but the Rupee falls. Investors’ confidence changes with political stability affecting the price of currency which causes the decrease in value of the Indian currency against the AUD.

  • Balance of Payment

Rise in exports for a foreign country appreciates the value of currency of the country. If we import from Australia the payment has to be done in Australian dollars which increases the value and demand for AUD. And opposite is the case with increase in imports i.e. it will devalue the local currency. And this difference between the imports and exports for the country is termed as Balance of Payment. If the imports are greater than exports then, local currency will fall and vice versa.

India and Australia are negotiating a free trade deal that would allow goods to flow freely between the two countries without additional taxes, tariffs or import quotas. This would help in balancing import/export imbalances. As a result, the currency is anticipated to be more stable.

(Source:  Orbitremit)

General Advice Warning

Any advice/ information provided is general in nature only and does not take into account the personal financial situation, objectives or needs of any particular person.