In today’s briefing:
- Beauty Farm Medical and Health Industry Pre-IPO: Near-Term Operating Environment Is Not Beautiful
- Oyo Pre-IPO – The Negatives – Muddied by Controversies and Operates a Cash Burning Machine
Beauty Farm Medical and Health Industry Pre-IPO: Near-Term Operating Environment Is Not Beautiful
- Beauty Farm Medical and Health Industry (BFM HK), second largest body and skin care service provider in China has filed for IPO on the Hong Kong Stock Exchange.
- Large and growing addressable market, comprehensive service offering, nationwide store network, and sound financial position are the major strengths of the company.
- BFM’s operation faces uncertainties over COVID and related restrictions. This IPO is not expected to see listing gain unless general market condition and China’s economic growth outlook improve.
Oyo Pre-IPO – The Negatives – Muddied by Controversies and Operates a Cash Burning Machine
- Oyo (1698548D IN) is looking to raise around US$700m in its upcoming India IPO. The IPO will consist of both a primary and secondary portion.
- Oyo runs a digital platform that serves as a hotel and home aggregator between patrons, which include owners and lessors, and customers, such as travelers and guests booking for accommodation.
- The firm’s business remains far from being profitable and is running on a cash-burning model. Also, it’s listing is muddied by a host of controversies in the past and present.
Before it’s here, it’s on Smartkarma
