Coupang - Valuation Analysis
Our base case valuation of Coupang is EV of $55.6 billion and implied market cap of $60.1 billion. We have used EV/GP as our primary method of...
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Coupang Pre-IPO - The Negatives - Horrendous Data Disclosures, Including No Mention of OTT Launch
Coupang (CPNG US) , the largest product e-commerce player in Korea, aims to raise around US$3bn in its US listing via a mix of selling primary and...
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Coupang IPO: Valuation First Look
Coupang is seeking a $50 billion valuation, according to Reuters. Overall, based on our valuation analysis, we think that the rumoured IPO...
333 Views
Rakuten Q4 20 Results: Mobile Losses Accelerate as Cash Requirements Become Clear
For Q4, Rakuten eCommerce gains have been overshadowed by cash burn in mobile. Unfortunately, guidance calls for more losses in FY21 and higher...
380 Views
Zozo on the March Again
Zozo is back with a stronger, more cohesive and collegiate management team, clear focus and the backing of Softbank to make it happen. The future...
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