Core Insights - The IPOs of Gemini and Figure represent significant advancements in the new financial revolution, with Gemini focusing on compliance in the crypto space and Figure aiming to transform the traditional credit market using blockchain technology [1][2] Group 1: Gemini - Gemini aims to be the trusted entry point for institutional investors in the crypto market, especially after the trust crisis following the FTX collapse [3][6] - The company has established a strong competitive moat through its compliance credentials, including the BitLicense, which allows it to operate legally in New York and enhances the trust in its stablecoin GUSD [5][6] - Gemini's comprehensive ecosystem includes services like custody, lending, NFTs, and DeFi, positioning it as a reliable partner for institutional investors seeking security [6][14] - The company plans to raise $317 million through its IPO to support global expansion and technology upgrades, reinforcing its status as a compliant crypto financial gateway [6][14] Group 2: Figure - Figure targets the $10 trillion U.S. consumer credit market, utilizing blockchain technology to disrupt traditional banking and financial services [8][12] - The Provenance platform is a key technological asset for Figure, enabling the digitization of traditional financial products and improving transaction efficiency and cost [11][12] - As the first public company focused on Real-World Assets (RWA), Figure's IPO is valued at $3.3 billion, with plans to raise $526 million to enhance technology development and market expansion [12][14] - The company faces challenges in market education and regulatory compliance, which are critical for the acceptance of its blockchain-based financial solutions [12][14] Group 3: Investment Logic - Both Gemini and Figure are not merely following short-term trends but are building long-term competitive advantages based on compliance and technology [13][14] - Gemini's investment thesis is centered on the "legitimization of crypto finance," while Figure focuses on the "digitalization of trillion-dollar markets" [14] - The success of both companies could mirror that of Circle, which benefited from strong compliance and brand reputation, suggesting that Gemini and Figure also possess similar foundational strengths [14]

Core Viewpoint - The IPOs of Gemini and Figure represent a significant breakthrough in the new financial revolution, with Gemini focusing on compliance in the crypto space and Figure aiming to reshape the traditional credit market using blockchain technology [3][5][6]. Group 1: Gemini - Gemini aims to become the preferred choice for institutional investors by providing a secure and compliant entry into crypto trading and custody [7][10]. - The company's competitive advantage lies in its unmatched compliance credentials and brand trust, particularly in the wake of a trust crisis in the crypto industry [9][10]. - Gemini's IPO aims to raise $317 million, which will be used for global expansion and technology upgrades, reinforcing its position as a compliant entry point into crypto finance [10][19]. Group 2: Figure - Figure targets the $10 trillion U.S. consumer credit market, using blockchain technology to disrupt traditional banking and financial services [13][17]. - The Provenance platform is a key technological foundation for Figure, enabling the digitization of traditional financial products and significantly reducing transaction times and operational costs [16][17]. - Figure's IPO is valued at $3.3 billion, with a fundraising goal of $526 million to support technology development and market expansion [17][19]. Group 3: Investment Logic - Both companies are not merely following short-term trends but are based on profound insights into the future financial landscape, establishing long-term competitive barriers centered on compliance and technology [18][19]. - Gemini's investment logic is based on the "legitimization of crypto finance," while Figure's is focused on the "digitalization of a trillion-dollar market" [18][19].

Core Insights - Sezzle Inc. is positioned as a promising multibagger stock within the rapidly growing "Buy Now, Pay Later" (BNPL) market, providing flexible payment solutions for both merchants and consumers [1] - The global BNPL online value is projected to grow at a 9% CAGR, reaching approximately $580 billion by 2030, indicating substantial growth opportunities for Sezzle [2] - In Q2 2025, Sezzle reported a Gross Merchandise Volume (GMV) of $927 million, a 74% year-over-year increase, with total revenue rising 76.4% to $98.7 million [3] Financial Performance - Sezzle's adjusted net income increased by 92%, and the adjusted EBITDA margin improved by 550 basis points year-over-year to 38.4%, showcasing strong operational discipline [3] - Despite strong financial results, the stock experienced a decline of around 34% due to management's guidance indicating a slowdown in growth, which disappointed investors [4] - The stock remains up 100% year-to-date, reflecting overall positive market sentiment despite recent challenges [4] Analyst Sentiment - Analysts have maintained a positive outlook on Sezzle, with B. Riley Financial raising its price target from $101 to $111 while keeping a Buy rating, indicating the stock is attractively valued [5] - The company's consumer-focused features, such as Sezzle Up, which has over 2.9 million users, differentiate it from competitors by linking installment payments with credit-building [2] Industry Context - Sezzle operates in the U.S. financial technology sector, specializing in BNPL solutions that allow consumers to split purchases into interest-free installments, thereby enhancing merchant sales and customer engagement [6]

Group 1 - Block is showing positive momentum across various platform metrics, particularly in adjusted operating income margins [1] - The company retains significant transaction growth per active account in the second quarter [1] - There was an acceleration in Block's gross profit growth rate [1]

Market Overview - The Australian market has diverged from Wall Street trends, with local indices retreating in early September [1] - A roughly 50/50 split was observed among sectors, with real estate leading and healthcare lagging [2] Company Performances - 4D Medical saw a significant increase of 20%, reaching approximately $1.90 per share, maintaining its status as a favored biotech stock despite a lack of major catalysts [2] - Service Stream experienced a 15% jump to $2.30 per share after securing an eight-figure contract with the Australian Defence [3] - Resolute Mining benefited from strong gold prices, contributing to its position among the top gainers [3] Competitive Landscape - Afterpay's parent company Block faced a decline following the successful listing of US competitor Klarna, which poses a significant threat to Afterpay's market position in the US [3] - Boss Energy's stock fell after the company indicated it would provide more clarity on uranium production in the December quarter, which did not satisfy investor expectations [3] Market Activity - Top End Energy, involved in hydrogen and gas, saw its stock decline on low volumes as it announced plans to trade on the US OTC markets, despite not being in the rare earths sector [4]

As filed with the U.S. Securities and Exchange Commission on September 10, 2025. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 (Exact name of registrant as specified in its charter) _____________________________________ | Cayman Islands | 6770 | N/A | | --- | --- | --- | | (State or other jurisdiction of | (Primary Standard Industrial | (I.R.S. Employer | | incorporation or organization) | Classi ...

Core Insights - The company has experienced consistent growth in its customer base over the last 4 to 5 years, particularly in accounts payable and spend and expense segments [1] - Average Revenue Per User (ARPU) has shown volatility, primarily influenced by macroeconomic factors leading to spending pullbacks and slower monetization trends in payments [1] Structural vs. Cyclical Growth - There is a need to differentiate between structural growth in the business and recent cyclical impacts, prompting a reassessment of business strategies based on recent experiences [2]

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Fiserv, Inc. regarding a class action lawsuit due to alleged misleading statements and omissions related to the company's Clover platform and its impact on merchant business [1][3]. Group 1: Allegations Against Fiserv - The complaint alleges that Fiserv forced Payeezy merchants to convert to its Clover platform due to issues with the older Payeezy platform [3]. - Clover's revenue growth was temporarily inflated by these conversions, masking a slowdown in new merchant acquisitions [3]. - A significant number of former Payeezy merchants switched to competitors due to Clover's high pricing and inadequate customer service [3]. - As a result of these merchant losses, Clover's GPV (Gross Payment Volume) growth slowed significantly, and its revenue growth became unsustainable [3]. - Fiserv's positive statements regarding Clover's growth strategies and business prospects during the class period were deemed materially false and misleading [3]. Group 2: Class Action Details - The class period for the lawsuit is from July 24, 2024, to July 22, 2025 [3]. - Shareholders are encouraged to register for the class action by September 22, 2025, to potentially be appointed as lead plaintiffs [4]. - There is no cost or obligation for shareholders to participate in the case, and they will receive updates through a portfolio monitoring software [4]. Group 3: Firm's Commitment - The Gross Law Firm aims to protect investors' rights against deceit and illegal business practices, ensuring companies adhere to responsible business practices [5]. - The firm seeks recovery for investors who suffered losses due to misleading statements that inflated stock prices [5].

Core Viewpoint - Fidelity National Information Services, Inc. (FIS) is a financial services technology provider with a market cap of $35.9 billion, offering a range of services including payment processing and banking software, but has faced significant stock price declines recently [1][2]. Financial Performance - FIS reported Q2 2025 earnings with revenue of $2.6 billion, a 5.1% increase year-over-year, exceeding consensus estimates by 1.6% [5]. - The adjusted EPS for FIS improved by 1.5% year-over-year to $1.36, meeting analyst expectations [5]. - FIS raised its fiscal 2025 guidance, projecting revenue between $10.5 billion and $10.6 billion, and adjusted EPS between $5.72 and $5.80 [5]. Stock Performance - FIS shares have declined 25.4% from their 52-week high of $91.98 and are down 16% over the past three months, underperforming the Nasdaq Composite's 11.7% increase [3][4]. - Over the past 52 weeks, FIS stock has decreased by 16.7%, significantly lagging behind the Nasdaq's 29.6% gain [4]. - Year-to-date, FIS shares are down 15%, compared to the Nasdaq's 13.3% return [4]. Market Position - FIS is classified as a large-cap stock due to its market valuation and is positioned to support financial institutions and businesses through innovation and cloud-based solutions [2]. - Despite its challenges, FIS has outperformed its competitor Fiserv, Inc., which has seen a 20.9% decline over the past 52 weeks and a 33.6% drop year-to-date [6]. Cash Flow Concerns - A notable concern for investors is the 42.1% annual decline in FIS's free cash flow, which contributed to an 8.5% drop in share price following the earnings release [6].

Core Insights - Fiserv, Inc. has been ranked first in the 2025 IDC FinTech Top 100 Rankings for the third consecutive year, highlighting its strong position in the financial technology sector [1] Company Performance - The recognition emphasizes Fiserv's unique role at the intersection of banking and commerce, showcasing its ability to scale leading technology globally to meet client needs [1]