Meituan: 'Delivery Margin' Dipped in Q3 | How Patient Will Investors Be with 'New Initiatives'?
Meituan posted strong top-line growth in Q320, but core profitability dipped. We are concerned about 'delivery margin' and wonder how long...
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DoorDash IPO Valuation Analysis
Our base case valuation of DoorDash is $45 billion or $116 per share, which is 37% higher than the high end of the IPO price range of $75 to $85...
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Dada Nexus Placement: Ascend and Deliver
Dada Nexus is seeking to raise as much as $521 million through an issue of 9 million ADSs. Overall, we would participate in the placement.
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DoorDash IPO: First Take on Proposed IPO Price Range of US$75-85 Per Share
On some metrics, US-based online food delivery company looks reasonably priced at the mid-point of its IPO range. We highlight some factors that...
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Korea's FTC Requires Delivery Hero to Sell Yogiyo In Order to Acquire Woowa Brothers
Korea's FTC finally announced today that Delivery Hero would need to sell Yogiyo in order to receive the final approval to acquire Woowa Brothers.
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