Trial Holdings IPO: Trading Debut
The shares will start trading on 21 March. The peers have modestly re-rated since the prospectus was released on February 19. The IPO price remains...
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Trial Holdings IPO: Valuation Thoughts
Trial has upsized its IPO from US$236m to US$260m by launching its IPO at JPY1,600-1,700 per share vs. the reference price of JPY1,550. The offer...
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Trial Holdings IPO: Valuation Insights
Our analysis suggests that Trial is attractively valued at the IPO reference price of JPY2,000. We would participate in the IPO.
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Grocery Outlet Holding Corp IPO: Deep Discount Store at a Not So Deep Discounted Price
Grocery Outlet Holding Corp (GO US) is an extreme value retailer, predominantly based out of the west coast of the US. As of March 2019, the...
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