ECM Weekly (3rd Sep 2023) - Doosan, VNG, Tuhu, Integral, ARM, Zomato, APM, Auckland Int, Daiwa REIT
Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
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Doosan Robotics IPO: The Bear Case
The bear case rests on business plan forecasts based on shaky assumptions, high cash burn, rising cash collection cycle and deteriorating balance...
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Doosan Robotics IPO - Peer Comparison - Has Niche Offerings but Doesn’t Lack Competition
Doosan Robotics (DOOSANROBO KS) is looking to raise up to US$314m in its Korean IPO. In our previous notes, we talked about the company’s past...
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Doosan Robotics IPO: The Bull Case
The bull case rests on the market share gains, rapid forecasted growth, the industry’s largest product lineup, rapid expansion in sales channels...
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Doosan Robotics IPO - The Negatives - But Losses Continue to Widen
Doosan Robotics (DOOSANROBO KS) is looking to raise up to US$314m in its Korean IPO. In this note, we will talk about the not-so-positive aspects...
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