Fat Cash Inflows Yet Traded at 2/3 of Historical P/E Average
Operating cash inflows grew 48% in 2017. Real cash balance increased above 20+% every year in past 3 years. Revenue growth accelerated to 20% in...
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Smartkarma: ECM Coverage Weekly Update (31 March 2018)
The Smartkarma ECM Team puts out a weekly update on the deals we have covered recently, along with updates for upcoming IPOs. IPOs It hasn't been a...
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IQIYI IPO: Tencent Video's Metrics Point to a Stronger Business
Comparing iQIYI Inc (IQ US) to its key competitors, Tencent Video and Youku, is a challenge due to lack of financial disclosure from competitors....
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IQiyi IPO: A Short-Term Bet Before Wait-And-See
iQiyi, the largest online video streaming platform in China, provided price guidance for its U.S. listing last Friday. In our previous note, we had...
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IQIYI IPO Valuation: Throwing Good Money After Bad
iQIYI Inc (IQ US) is a leading Chinese online video platform. On Friday, it announced its IPO price range of $17-19 per ADS. At the mid-point of...
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