Vespa Post IPO Trade: At a 20% Earnings Correction, Price Should Be Settled at ₩37,000
The offer price is inexpensive. The valuation peers have delivered a 'relatively' solid performance lately. At a 13~14x PER multiple, the offer...
Vespa IPO Pricing Approach: 25% Discount to High End
Vespa Inc (299910 KS), one of Korea's rising star gaming company, offers a total 1.6M shares, of which 80% go to institutional investors. This...
Vespa Inc IPO Preview (Part 2) - Valuation Analysis
We believe the Vespa IPO is not attractive. Therefore, we would pass on this IPO. In order for us to become interested, the IPO price would need...
Vespa Inc IPO Preview (Part 1)
Established in 2013, Vespa Inc (299910 KS) (also called Vespa Interactive) is a Korean mobile game company that is expected to complete its IPO...
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