Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

Algosun Global

Equity Capital Markets

<ul>
<li>Lichen China, niche provider of financial and taxation services, filed for an IPO in the United States, and plans to raise ~$25M. Investment bank Univest Securities is leading the offering. </li>
<li>The company applied to list Class A shares on the Nasdaq Capital Market under the symbol <a href="https://www.smartkarma.com/entities/lichen-china-limited" target="_blank" data-smartkarma-citation="entities:36311:1" rel="noopener">Lichen China (LICN US)</a> and will have Class A shares and Class B shares. </li>
<li>We have a favorable view of the upcoming IPO, and consider an IPO valuation of ~$119M as attractive at ~2x EV/FY22E revenue and a forward P/E of ~14x.  </li>
</ul>


Lichen China, niche provider of financial and taxation services, filed for an IPO in the United States, and plans to raise ~$25M. Investment bank Univest Securities is leading the offering. 
The company applied to list Class A shares on the Nasdaq Capital Market under the symbol Lichen China (LICN US) and will have Class A shares and Class B shares. 
We have a favorable view of the upcoming IPO, and consider an IPO valuation of ~$119M as attractive at ~2x EV/FY22E revenue and a forward P/E of ~14x.  


Lichen China IPO Preview: Your Trusted Provider of Financial and Taxation Services

China

Lichen China Limited provides financial and taxation services. The Company offers cost management, financial risks management, computerized financial information system, financial management system optimization, and training and general consultation services. Lichen China also provides education support services, and software and maintenance services.

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Lichen China IPO Preview: Your Trusted Provider of Financial and Taxation Services

We have a favorable view of the upcoming Lichen China IPO and see potential for sustained growth and profitability expansion over time

Andrei Zakharov