Tuya IPO: Valuation Insights
At the mid-point of the IPO price range of $17-20 per ADS, Tuya will raise net proceeds of $771 million. Our analysis suggests that the IPO price...
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Tuya IPO: Growing Scale and Expanding IoT SaaS Revenue to Help Margin Expansion (Quantamental)
Tuya’s GPM is strongly correlated with revenues with a R-squared of 0.97. Tuya’s GPM is currently at around 38% and our marginal GPM of 41.1%...
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Tuya (涂鸦智能) Pre-IPO - Peer Comparison, Forecast, and Valuation
Tuya Inc (1869782D US) is looking to raise US$1bn in its upcoming U.S. IPO. In this note, we will take a look at comparable peers, share our...
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Tuya IPO: Valuation First Look
Tuya is pre-marketing a $1 billion NYSE IPO, according to press reports. In this note, we present our forecasts and take the first look at Tuya's...
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ECM Weekly (7th March 2021) - Coupang, DDMP REIT, Aztech, Baidu HK, Autohome HK, Tuya
Aequitas Research puts out a weekly update on the deals that have been covered by the team recently along with updates for upcoming IPOs.
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