In today’s briefing:
- SK Shieldus IPO: The Syndicate’s Revised Methodology
SK Shieldus IPO: The Syndicate’s Revised Methodology
- SK Shieldus (ABFHIZ KS) is a leading South Korean security provider. It is seeking a KRX IPO to raise up to US$0.9 billion.
- The primary change in the updated prospectus is the syndicate’s valuation methodology which results in a 10% lower value per share. The IPO price range of KRW31,000-38,800 is unchanged.
- Sentiment on IPOs remains poor. For investors willing to look at IPOs, our valuation analysis suggests that the IPO price range remains reasonable.
Before it’s here, it’s on Smartkarma
