![](https://wp-static.smartkarma.com/../assets/uploaded/2022/11/DailyBriefECMITailCorporationIPOAStrong3QResultsUpdateandmore.jpg)
In today’s briefing:
- I-Tail Corporation IPO: A Strong 3Q Results Update
I-Tail Corporation IPO: A Strong 3Q Results Update
- I-Tail (ITC TB), Thai Union Group (TU TB)’s pet care division, will launch an up to US$600 million SET IPO this week, according to press reports.
- We previously discussed the IPO in I-Tail Corporation IPO: The Bull Case and I-Tail Corporation IPO: The Bear Case.
- In this note, we look at the 9M22 results. The results highlight that i-Tail is in rude health with accelerating growth, healthy margins, cash generation and manageable leverage.
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