Last Week in GER Research: Meituan, Nio, Haidilao, Shandong Gold, China Renais., X Financial and PDD
Below is a recap of the key IPO research produced by the Global Equity Research team. This week we dig into the economics of Mobike as it relates...
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Haidilao (6862 HK) IPO: Know When to Say No
Haidilao (6862 HK) announced the price range on Monday morning, coming to market at $10 - $12b through the range. The nearly $1b dollar range is...
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Haidilao IPO Valuation: Hoping for a Pot of Gold
Haidilao released an IPO pricing range of $14.8-17.9 HKD for its upcoming IPO. We note the following points: 1) Every relative valuation multiple...
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Haidilao (海底捞) IPO: Appealing Valuation at the Low End for a Branded National Champion (Part 4)
Haidilao launched its institutional book building today. It targets to raise USD 801-1,107 million from its Hong Kong listing. We have covered the...
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Last Week in GER Research: Meituan, China Tower, Haidilao, Qutoutiao, Hua Med., Chunlai, and Cootek
Below is a recap of the key IPO research produced by the Global Equity Research team. This week we assess Meituan's latest results ahead of its...
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