In today’s briefing:
- Kingsoft Cloud HK Listing: Significant Upside in the Medium Term
- KFin Technologies IPO Trading – Previous Deals with Lackluster Demand Had Mixed Debuts
Kingsoft Cloud HK Listing: Significant Upside in the Medium Term
- Kingsoft Cloud (KC US) shares will begin trading on the Main Board of the HKEx on Friday, 30th December by way of an introduction.
- The company’s competitive pricing strategy to onboard customers has impacted its profitability, however, KC has begun to shift focus on profitability by raising prices in the medium term.
- Raising prices in the medium term will likely support KC’s profitability and we have valued the company using potential price hikes to non-key customers.
KFin Technologies IPO Trading – Previous Deals with Lackluster Demand Had Mixed Debuts
- KFin Technologies (1804170D IN) raised around US$180m in its India IPO. The IPO had been a 100% OFS.
- KFin Technology (KFin) is a technology driven financial services platform providing comprehensive services and solutions to the capital markets ecosystem.
- We have looked at various aspects of the deal in our previous note, in this note, we talk about the demand and trading dynamics.
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