Trial Holdings IPO - Sector Lagging Margins Warrant a Discount
Trial Holdings (5882 JP) is looking to raise up to US$393m in its Japan IPO. In this note, we talk about implied valuations.
389 Views
SBI Sumishin Net Bank IPO Trading - Rakuten Filing Will Add on More Pressure
SBI Sumishin Net Bank (7163 JP) (SSNB) raised around US$370m in its second listing attempt. In this note, we talk about the trading dynamics.
331 Views
W-Scope IPO Lock-Up - US$300m Worth of Shares to Come Free
WCP (393890 KS) raised around US$314m via in its Korean IPO. The stock was listed on 30th Sep 2022, its six-month lockup will expire soon.
286 Views
Rakuten Bank IPO - Recent Filings Updates and Quick Thoughts on Valuation
Rakuten Bank (5838 JP), the online banking arm of Rakuten (4755 JP), aims to raise up to around US$900m in its Japan listing in April 2023.
542 Views
Trial Holdings Pre-IPO - Peer Comparison - Leading in Growth, Lagging in Margins
Trial Holdings (5882 JP) is looking to raise around US$375m in its Japan IPO. In this note, we will undertake a peer comparison.
336 Views