In today’s briefing:
- What Did FSS Point Out to Shift Up? & What Impact Would It Have on Bookbuilding Sentiment?
- Guzman Y Gomez IPO – The Positives – Network Growing, Sales Have Outpaced Network Growth
- QuantumPharm IPO – Most of the Potential Has Already Been Baked In
- Guzman Y Gomez IPO – The Negatives – Lawsuits and Management Churn
What Did FSS Point Out to Shift Up? & What Impact Would It Have on Bookbuilding Sentiment?
- FSS wants Nikke’s MAU data to address revenue concerns. They also seek April and May sales data for Stellar Blade to address valuation concerns despite its recent launch.
- Shift Up updated the prospectus with Nikke’s increasing MAU data but didn’t include Stellar Blade sales data. FSS may request further revisions, possibly delaying the IPO again.
- Nikke’s MAU has risen but plateaued versus the previous quarter, and uncertainty surrounds Stellar Blade’s April-May sales, potentially impacting IPO pricing.
Guzman Y Gomez IPO – The Positives – Network Growing, Sales Have Outpaced Network Growth
- Guzman Y Gomez plans to raise around US$160m in its Australian IPO.
- GYG is a quick service restaurant business with more than 200 restaurants globally. It mainly focuses on fresh, made-to-order, Mexican-inspired food.
- In this note, we look at the company’s prior performance and future prospects.
QuantumPharm IPO – Most of the Potential Has Already Been Baked In
- QuantumPharm (QUP HK) is looking to raise US$144m from its Hong Kong IPO.
- QuantumPharm is a R&D platform, utilizing quantum physics-based first-principles calculation, advanced AI, high-performance cloud computing, and scalable and standardized robotic automation to provide drug and material science R&D solutions.
- In our previous notes, we looked at the firm’s past performance and PHIP updates. In this note, we share our thoughts on valuations.
Guzman Y Gomez IPO – The Negatives – Lawsuits and Management Churn
- Guzman Y Gomez plans to raise around US$160m in its Australian IPO.
- GYG is a quick service restaurant business with more than 200 restaurants globally. It mainly focuses on fresh, made-to-order, Mexican-inspired food.
- In this note, we talk about the not-so-positive aspects of the deal.
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