China ADRs - A New Act Aims to Put an End to China ADR IPOs
On 27th May 2021, U.S. Senators Marco Rubio and Bob Casey introduced the No IPOs for Unaccountable Actors Act, which aims to prohibit IPO on U.S....
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Kanzhun Pre-IPO - Bumble Meets Linkedin
Kanzhun, an online recruitment platform in China, aims to raise around US$800m in its US IPO. The company is backed by Tencent. Kanzhun runs BOSS...
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Kuaishou: Online Ad Drives Top Line Growth; Margins to Remain Under Pressure with Overseas Expansion
Kuaishou’s 1Q2021 results reveal that the company’s live streaming business growth is declining after seeing a boost during the pandemic last year.
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Ximalaya IPO: Valuation First-Look
Ximalaya has filed for an NYSE IPO to raise proceeds of $0.5-1.0 billion. In this note, we present our forecasts and take the first look at...
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Ximalaya Pre-IPO - Earnings Forecast and Valuation
Ximalaya (XIMA US), the largest online audio platform in China, is looking to raise around US$1bn in its US listing. As of 1Q21, it had 250m...
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