CBX Daily 7/15/2024

Author

CultureBanx Team
July 15, 2024

Today FemTech flips the healthcare script, but let’s start with how IPO takes a bow as demand dips…

Cultural Intelligence Download

IPO Demand Is Waning Down 12% Globally?

CBX Vibe

Wall Street seems to have pumped the brakes on Initial Public Offerings (IPO) as the markets continue their roller coaster run. Globally, IPO demand is waning down 12% as companies continue trading below their offer price. Herein lies the problem, fund managers tend to shy away from new issues, if recent ones they have bought are performing badly. This could keep IPO activity in the doldrums for the remainder of the year.

Is FemTech Changing Women’s $65 Billion Healthcare Market?

CBX Vibe:

Solutions tailored for subpopulations are emerging for Black women in the “FemTech” space. Products ranging from menstrual shapewear, fertility products, and healthcare networks have been created with the sole purpose of catering to the unique needs of women. Investors have increasingly supported a growing number of female-led, women’s health startups with the industry worth $22.5 billion in 2020 and expected to grow to $65.3 billion by 2027.

Women & People Of Color Drive Streaming Film Triumphs

CBX Vibe:

In 2023, women were the majority audience for nine of the top ten film releases and 17 of the top 20 by household ratings. Their share of streaming viewership rose to 31%, up from 25% in 2022. The surge in diverse viewership in streaming platforms marked a pivotal moment, showing a shift in the dynamics of the film industry. Women and people of color are not just passive content consumers but are increasingly taking charge in creating and producing films.

Gen Z & AI Experts In, Chief Transformation Officers Out

CBX Vibe:

As we enter a new era in the workforce, the traditional C-suite landscape is moving toward a rapid transformation. The relentless pace of artificial intelligence (AI) innovation is expected to make several critical executive roles, particularly chief transformation officers, obsolete within the next five years, marking the emergence of a new landscape where chief AI officers and chief information/data officers will become more prominent.

Uganda's Golden Opportunity On The Investment Horizon

CBX Vibe:

Uganda has been working behind the scenes and it seems to be paying off. The country just scooped the award for best investment destination in Africa beating six other contenders. And it's not the first time it is bringing the award home. In 2023, the country was awarded the best investment destination in East Africa. These efforts seem to be paying off as its FDI inflows also increased from $1.36 billion to $1.5 billion in 2023.

Vibes of the Week

It’s the ”Dreams I See” that keep me going. Shein taking big steps and Kid Cudi shares the same sentiments in this tune. Get into it in our CBX Vibes!