IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

Arun has over 15 years’ experience covering the Technology sector. During this time, he has worked with technology start-ups and as an equity analyst in investment banks and independent research firms. He was formerly a Technology Analyst for Canaccord Genuity, Altium Securities, Espirito Santo Investment Bank, Noble Group and Clear Capital. He has a dual Master’s degree in Financial Engineering and Industrial and Operations Engineering from the University of Michigan. He obtained his Bachelor’s degree in Mechanical Engineering from the Indian Institute of Technology, Bombay. He is also a CFA charterholder.

IPOs and Catalysts/Events

Huya IPO Valuation: Better off Buying YY's Shares

Huya IPO Preview: What's All the Fuss About?

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/26983" target="_blank" data-smartkarma-citation="entities:26983:1">HUYA Inc (HUYA US)</a> released certain 1Q18 financial data ahead of its IPO. Unsurprisingly, the released data is positive notably as Huya reported its maiden profit. However, the 1Q18 data provided little incremental clarity on Huya’s ability to achieve the long-term market share and margins required to justify the proposed IPO valuation.</p><p>The key items from the 1Q18 disclosure were:</p><ol><li>1Q18 revenue grew 111% YoY to RMB843.6 million with live streaming accounting for 94% of total revenue. The 1Q18…</li></ol>

HUYA Inc (HUYA US) released certain 1Q18 financial data ahead of its IPO. Unsurprisingly, the released data is positive notably as Huya reported its maiden profit. However, the 1Q18 data provided little incremental clarity on Huya’s ability to achieve the long-term market share and margins required to justify the proposed IPO valuation.The key items from the 1Q18 disclosure were:1Q18 revenue grew 111% YoY to RMB843.6 million with live streaming accounting for 94% of total revenue. The 1Q18…

Huya IPO: 1Q Maiden Profit, Valuation Remains Unpalatable