In today’s briefing:
- CaiNiao Smart Logistics Pre-IPO Part 3 | Key Comps, Valuation Multiples | 310 Bn CNY Justifiable
CaiNiao Smart Logistics Pre-IPO Part 3 | Key Comps, Valuation Multiples | 310 Bn CNY Justifiable
- In this insight we first consider which comparables are the most appropriate for CaiNiao
- We then discuss which valuation multiples make sense, plus some potential pitfalls
- We believe CaiNiao and their bankers could justify a valuation up to 310 bn CNY
💡 Before it’s here, it’s on Smartkarma
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