Cal-Comp Technology IPO - Getting Vacuumed up by Dyson, in a Good Way

APAC IPOs & Placements

Zhen Zhou, Toh

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Capital Markets

Cal-Comp Tech (Philippines) / Equity Capital Markets

<a href="https://www.smartkarma.com/entities/27347" target="_blank" data-smartkarma-citation="entities:27347:1">Cal-Comp Tech (Philippines) (CCTP PH)</a> is looking to raise about US$120m in its upcoming IPO in the Philippines. Proceeds raised will be mainly used for the expansion of its current manufacturing facilities, acquisition of new equipment, debt repayment, and general working capital.
CCTP is reliant on its Kinpo Singapore (KPO), its parent company, to maintain the relationship with customers. It does not help that its core product offering consisting of hard disk drives (HDDs) and calculators have been experiencing weaker demand and lower average selling price.
In this insight, we will be looking at the company financials, product breakdown, revenue drivers and its past transactions with its parent company to compare with indicative IPO price.

Cal-Comp Tech (Philippines) (CCTP PH) is looking to raise about US$120m in its upcoming IPO in the Philippines. Proceeds raised will be mainly used for the expansion of its current manufacturing facilities, acquisition of new equipment, debt repayment, and general working capital.
CCTP is reliant on its Kinpo Singapore (KPO), its parent company, to maintain the relationship with customers. It does not help that its core product offering consisting of hard disk drives (HDDs) and calculators have been experiencing weaker demand and lower average selling price.
In this insight, we will be looking at the company financials, product breakdown, revenue drivers and its past transactions with its parent company to compare with indicative IPO price.

Cal-Comp Tech (Philippines) Pre-IPO Review - Muted Growth in Core Products