CALB IPO: Trading Debut
Grey market prices are down -2% to flat to the IPO price. Despite peer multiple derating, the IPO price implies a discount to the median peer EV...
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CALB IPO Trading - Last of the Lot with the Least Demand of the Lot
CALB raised around US$1.2bn in its Hong Kong IPO, after pricing its offering at the low-end. In this note, we talk about the demand for the deal...
394 Views
Kakao Pay Placement Lockup Expiry - Alipay Is Soon Going to Be Free to Shed Its US$1.6bn Stake
In early Jun 2022, Alipay raised around US$386m via selling 3.3% of outstanding shares of Kakao Pay (377300 KS). That was the first selldown by...
384 Views
Lionheart Studio IPO Preview
Lionheart Studio is getting ready to complete its IPO in November 2022. Lionheart Studio is likely to be the second largest IPO in Korea so far...
476 Views
WCP IPO Trading - Peer Correction Means Price Cut Still Wasn’t Enough
WCP raised around US$314m via selling a mix of primary and secondary shares in its Korean IPO. In this note, we talk about the trading dynamics.
318 Views