2024 High Conviction: Full Truck Alliance | Strong Top Line, Margins in Q3 | Worth US$9.5 on 21x PER
In Q323 Full Truck Alliance reported strong revenue growth and impressive margin expansion compared to Q322. We believe the company's shares are...
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Zomato Lock-Up - A US$240m+ Softbank Linked Lockup Release
Softbank had opted to sell only around half of its stake via a block to raise airing US$120m. The deal is very well flagged
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Lalatech Holdings Pre-IPO - Refiling Updates - Growth and Profit Pickup but Valuation Gap Remains
Lalatech Holdings Co Ltd (LALA HK) is looking to raise about US$1bn in its upcoming HK IPO. In this note we talk about the refiling updates.
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Instacart IPO Valuation Analysis
Our base case valuation of Instacart is target price of $33.7 per share, which represents a 20% upside from the high end of the IPO price range...
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Instacart IPO Preview
Instacart is targeting a valuation between US$8.6 billion to US$9.3 billion in its IPO. Instacart's valuation has declined nearly 77% from its peak...
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