In today’s briefing:
- Lionheart Studio IPO Preview
Lionheart Studio IPO Preview
- Lionheart Studio is getting ready to complete its IPO in November 2022. Lionheart Studios is the second largest IPO in Korea after LG Energy Solution (373220 KS) in 2022.
- The IPO offering amount is 410 billion won to 604 billion won. This would also suggest implied market cap of 3.1 trillion won and 4.5 trillion won.
- A key investment risk for the company is its excessive reliance on one game (Odin: Valhalla Rising) for its revenue and profits.
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