Qutoutiao Pre-IPO - Cash Payments Driving Downloads but Aren't as Effective with Usage
Qutoutiao Inc (QTT US) (QTT) plans to raise around US$300m in its US IPO. It recently completed its Series B funding, led by Tencent Holdings (700...
398 Views
Meituan-Dianping IPO, Part 3: Sum-Of-Parts Approach Suggests US$50 Bn Valuation Quite Unrealistic
Recent media reports (see articles here and here) suggest Meituan Dianping (MEITUAN CH) will attempt to complete its listing in Hong Kong by...
936 Views
Meituan Dianping IPO Preview: Unpalatable Valuation Due to Structural Limitations
Meituan Dianping (MEITUAN CH) is set to kick off its IPO roadshow on 3 September and will be listed on the Hong Kong Exchange on 20 September....
691 Views
Last Week in GER Research: Haidilao, Xiaomi, Ping An, 111, Qutoutiao, Nio and Tesla
Below is a recap of the key IPO and fundamental research produced by the Global Equity Research team. This week we highlight a differentiated...
356 Views
Meituan Dianping IPO: Although Profitable in 2023, It Is Still Worth Purchasing the Stock
Our primary valuation of Meituan Dianping (Meituan) is US$ 156 bn. In this valuation, payable to merchant DCF reaches up to 162%, operating loss is...
583 Views