In today’s briefing:
- Skonec Entertainment IPO Preview
- XPER: Multiple Shots on Goal, Upgrading to Top Pick
- Sushiswap: Up 100% on a Proposed Activist Takeover – What Happened?
Skonec Entertainment IPO Preview
- SKonec Entertainment (276040 KS), which specializes in VR based metaverse technologies, is getting ready to complete an IPO in the Korean stock market in the next several weeks.
- Currently, Skonec Entertainment has a gray market value of 34,000 won, which is 183% higher than the high end of the IPO price range of 12,000 won.
- The company has been one of the first game companies to develop VR based gun shooting games in Korea.
XPER: Multiple Shots on Goal, Upgrading to Top Pick
- XPER starts 2022 with a baseline free cash flow that is receiving little investor attention after the Company spent 2021 investing in its product offering
- XPER has multiple shots to achieve greater free cash flow in 2022. From AutoStage and AutoSense to hybrid bonding and content streaming intellectual property
- The steps XPER took in 2021 did not achieve triumphant revenue and free cash flow events to garner investor attention in the same year, but sets up 2022 for growth
Sushiswap: Up 100% on a Proposed Activist Takeover – What Happened?
- After labeling Sushiswap a deep-value crypto play in our last report, it has rallied 100% over the past month on the back of the proposed takeover by Frog Nation
- Frog Nation, despite the name, is a serious crypto conglomerate with control over three projects with a combined market cap of USD7bn, led by developer Daniele Sesta
- If the takeover is successful, Frog Nation is likely to unlock value in Sushi by migrating over liquidity as well as managerial talent. However, this is likely priced-in.
Before it’s here, it’s on Smartkarma
