In today’s briefing:
- Zozo-Owned Yutori IPO This Month
- Inox India IPO – Offering Access to a Niche Sector
Zozo-Owned Yutori IPO This Month
- Zozo may lead in online fashion malls but its customer base, while young, is getting older.
- In 2020, it acquired a majority stake in Yutori, a fledgling fashion mall targeting the young, which will now list this month.
- Yutori has grown sales to ¥2.47 billion since launching five years ago. As well as Japan, it sees a major opportunity across Asia given Japanese street fashion popularity there.
Inox India IPO – Offering Access to a Niche Sector
- INOX India Limited (INOX IN) is looking to raise up to US$175m in its Indian IPO.
- Inox India is a manufacturer of cryogenic equipment. As per CRISIL, the firm was the largest Indian exporter of cryogenic tanks in terms of FY23 sales.
- In our previous note, we looked at the company’s background. In this note, we talk about the company’s performance and share our quick thoughts on valuation.
💡 Before it’s here, it’s on Smartkarma
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