NIO IPO Valuation: Competitive Pricing Does Not Apply to the IPO Pricing
NIO Inc (NIO US) announced its IPO price range of $6.25-8.25 per ADS. At the mid-point of the IPO price range, NIO will raise net proceeds of $1.1...
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Qutoutiao Pre-IPO - Cash Payments Driving Downloads but Aren't as Effective with Usage
Qutoutiao Inc (QTT US) (QTT) plans to raise around US$300m in its US IPO. It recently completed its Series B funding, led by Tencent Holdings (700...
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Meituan-Dianping IPO, Part 3: Sum-Of-Parts Approach Suggests US$50 Bn Valuation Quite Unrealistic
Recent media reports (see articles here and here) suggest Meituan Dianping (MEITUAN CH) will attempt to complete its listing in Hong Kong by...
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Meituan Dianping IPO Preview: Unpalatable Valuation Due to Structural Limitations
Meituan Dianping (MEITUAN CH) is set to kick off its IPO roadshow on 3 September and will be listed on the Hong Kong Exchange on 20 September....
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Last Week in GER Research: Haidilao, Xiaomi, Ping An, 111, Qutoutiao, Nio and Tesla
Below is a recap of the key IPO and fundamental research produced by the Global Equity Research team. This week we highlight a differentiated...
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