Tencent-Backed IPOs: Back in Vogue but Positive Returns Remain Far from a Sure Thing
Tencent Holdings (700 HK)-backed IPOs are back in vogue with four listing shortly– Mogu (MOGU US), iDreamsky Technology Limited (1119 HK), Tencent...
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SNK Corp IPO Pricing: No Higher than Low End
SNK Corp (951104 KS) bookbuilding begins this Tuesday (Dec 4-5). Shares are preliminary priced at a ₩34,300-46,800 range, which values the...
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IDreamSky IPO Valuation: Ready Player One
iDreamsky Technology Limited (1119 HK) is an independent game publisher and developer in China, backed by Tencent Holdings (700 HK) which a 21%...
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Tencent Music IPO – Should You Be Wary of the Controlling Parent?
With Tencent Music (TME US)'s IPO delayed due to market and Spotify (SPOT US) weakness in our view, we have ample time to look at the bear case for...
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Tencent-Backed IPOs: Be Wary as They Often Prove to Be Disasters
Since 2017, Tencent Holdings (700 HK) has notched more tech IPO exits than any venture capital, private equity or corporate investor. In many ways,...
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