In today’s briefing:
- Midea Group H Share Listing: Latest Updates Points to a Business in Rude Health
- Hive Box Holdings Pre-IPO, Part 1: What They Do, History, Relationships, & What’s Next
Midea Group H Share Listing: Latest Updates Points to a Business in Rude Health
- Midea Group Co Ltd A (000333 CH), the world’s biggest home appliances maker, is premarketing an H Share listing to raise US$3 billion.
- Midea is the world’s largest home appliance company in sales volume and revenue in 2023. Its subsidiary, KUKA Group, is one of the world’s “big four” industrial robotics companies.
- The PHIP update shows that the business is in good health, with accelerating growth, rising margins, and strong cash generation. Therefore, a premium multiple to peers is justified.
Hive Box Holdings Pre-IPO, Part 1: What They Do, History, Relationships, & What’s Next
- In this insight we provide an overview of Hive Box’s business and its history
- We then go into detail on key relationships & investors, focusing on SF Holding
- We end with some initial questions and what’s up next in the IPO process
💡 Before it’s here, it’s on Smartkarma
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