Spotify Bull/Bear Case DCF Scenarios
Ahead of Spotify’s direct IPO today we provide six different DCF scenarios as well as a valuation by Mr. Aswath Damodaran. Big picture, we believe...
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Spotify IPO/Direct Listing - A Lot of Differences Versus Netflix, Nonetheless I Won't Give up Either
Spotify Technology SA (SPOT US) will start trading tomorrow via its Direct Listing. Given the untested nature of the direct listing approach, one...
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Spotify – Cautious Sales Guidance
Spotify has released its 1Q18 and FY sales and earnings guidance to the market ahead of its planned direct IPO scheduled for next week. We note a...
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Dropbox IPO Preview (Part 1)
Dropbox Inc (DBX US) is getting ready for an IPO on the NASDAQ market sometime in March/April. This is one of the most anticipated IPOs globally...
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Tencent's Ability to Monetize in Games and Entertainment Drives Forecast (And Target Price ) Higher
We have updated our forecasts for Tencent (700 HK) which feeds through to our target price valuation which moves from $401 to $547. This is a...
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