In today’s briefing:
- ZJLD Group Pre-IPO – Thoughts on Valuation
ZJLD Group Pre-IPO – Thoughts on Valuation
- ZJLD Group (ZJLD HK) is looking to raise up to US$500m in its upcoming Hong Kong IPO.
- ZJLD Group (ZJLD) is a Chinese liquor company primarily producing baijiu.
- In this note, we discuss our earnings assumptions and share our thoughts on ZJLD’s valuation.
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