Grab SPAC Listing - Thoughts on Valuation, Lock-Up Release
On 13th Apr 21, Grab announced that it plans to go public in the US in partnership with Altimeter Growth Corp at an equity val of US$39.6bn. In...
586 Views
Big Honda (7267) Offering - Flow Timing Matters
The Honda Offering is BIG at ¥500bn but over time, the net overhang is substantially reduced by behavioural expectations, passive buying, a...
386 Views
Koito Mfg (7276) Bounces The Same as It Bounced in March On the Same News - An Echo? Meh Again.
Koito Mfg popped 19% today on an interview with the CFO showing as a headline in the Nikkei. The contents? The MTMP from 9 weeks ago and the end...
235 Views
Hyundai Motor India Pre-IPO - Peer Comparison - Doesn’t Stand Out
Hyundai Motor (005380 KS) is looking to raise around US$3bn via listing its India unit, Hyundai Motor India. In this note, we undertake a peer...
377 Views
The Honda (7267) Offering - Much Easier Than It Looks
Honda's mega-offering is not mega. It is two-thirds covered by non-active investor demand over the next two months. 80+% if the stock falls post...
473 Views