In today’s briefing:
- WeRide Pre-IPO – The Positives – Large Monetisation Opportunity on the Horizon
- Brainbees Solutions (FirstCry) IPO – RHP Updates – Growing but Slowing
- Ola Electric IPO: Valuation Analysis. A High-Voltage EV Play
- Brainbees Solutions (FirstCry) IPO: The Investment Case
- WeRide Pre-IPO – The Negatives – Losses Have Widened, Still in the Early Stages of Commercialization
WeRide Pre-IPO – The Positives – Large Monetisation Opportunity on the Horizon
- WeRide Corp (WER CH) is looking to raise around US$300m in its upcoming US IPO.
- WeRide provides autonomous driving products and services from L2 to L4 of driving automation.
- In this note, we will talk about the positive aspects of the deal.
Brainbees Solutions (FirstCry) IPO – RHP Updates – Growing but Slowing
- BrainBees Solutions is looking to raise up to US$500m in its upcoming India IPO.
- FirstCry is India’s largest multi-channel retailing platform for Mothers’, Babies’ and Kids’ products in terms of GMV, for the year ending Dec 2022 (9M23), according to RedSeer.
- We have looked at the company’s past performance in our previous notes. In this note, we will talk about its updated financials in the RHP.
Ola Electric IPO: Valuation Analysis. A High-Voltage EV Play
- Ola Electric (1700674D IN) ‘s IPO appears attractive versus peers based on valuation analysis, supported by detailed sales and revenue projections.
- Expect strong near-term revenue growth driven by its dominant market presence, e-mobility expansion, and potential entry into the e-motorcycle segment.
- With a significant head start in the rapidly growing e2W sector, Ola’s robust product lineup, competitive pricing, and strong brand make it a compelling EV play.
Brainbees Solutions (FirstCry) IPO: The Investment Case
- BrainBees Solutions (0172540D IN), India’s largest multi-channel retailing platform for mothers’, babies’ and kids’ products, will launch an IPO to raise up to US$500 million.
- We previously discussed the IPO in Brainbees Solutions (FirstCry) IPO: The Bull Case and Brainbees Solutions (FirstCry) IPO: The Bear Case. In this note, we examine the RHP update.
- The RHP shows that positives (KPIs heading in the right direction, margin improvement, lower cash burn) offset the negatives (declining organic growth and deteriorating balance sheet).
WeRide Pre-IPO – The Negatives – Losses Have Widened, Still in the Early Stages of Commercialization
- WeRide Corp (WER CH) is looking to raise around US$300m in its upcoming US IPO.
- WeRide provides autonomous driving products and services from L2 to L4 of driving automation.
- In this note, we will talk about the not so positive aspects of the deal.
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