OneStore IPO Valuation Analysis
Our base case valuation of OneStore is market cap of 1.3 trillion won and target price of 48,713 won per share (28% higher than the IPO mid-point...
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One Store Pre-IPO - Track Record Has Been Strong, Questions Surround Its Choice of Peers
ONE Store (ONE KS) is looking to raise up to US$228m in its Korean IPO. One Store is a mobile app market platform, formed by a cooperation between...
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SK Shieldus IPO - The Negatives - No Shield for Its Margin, in Multi-Year Decline
SK Shieldus (SKS) aims to raise around US$800m via a mix of issuing primary and secondary shares in its Korea IPO. In this note, we talk about the...
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ONE Store IPO: Offering Details & Valuation Issues
This post details the terms of the ONE store IPO and discusses the valuation/growth issues that will likely keep investors away from this IPO.
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SK Shieldus IPO - The Positives - Decent Growth, Diversifying Its Revenue Base
SK Shieldus (SKS) aims to raise around US$800m via a mix of issuing primary and secondary shares in its Korea IPO. In this note, we talk about the...
338 Views