Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 25 years of experience in analyzing hundreds of companies, especially in Asia. Deep expertise in the following sectors:
- Technology (E-commerce, SaaS, Internet)
- Consumer 
- Special Situations/Deep Value Plays
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Jin Air IPO (Part 2) - Unattractive Valuations and Greater Competitive Pressures

CJ E&M Vs. Hanjin Kal - Trade Pattern Analysis Amid Subsidiary IPO

Equity Capital Markets

<p><strong><a href="https://www.smartkarma.com/entities/26028" target="_blank" data-smartkarma-citation="entities:26028:1">Jin Air Co. Ltd (272450 KS)</a> successfully completed its IPO pricing at 31,800 won, which is at the high end of the IPO price range.</strong> The institutional investors' demand was strong at 275 to 1, with 736 institutional investors participating in the IPO demand survey. The company will raise 381 billion won from this IPO. Despite the strong institutional demand for Jin Air IPO, we have a negative view of the stock. Our base case implied target price (one-year) of Jin Air Co. Ltd is 26,800 won per…</p>

Jin Air Co. Ltd (272450 KS) successfully completed its IPO pricing at 31,800 won, which is at the high end of the IPO price range. The institutional investors' demand was strong at 275 to 1, with 736 institutional investors participating in the IPO demand survey. The company will raise 381 billion won from this IPO. Despite the strong institutional demand for Jin Air IPO, we have a negative view of the stock. Our base case implied target price (one-year) of Jin Air Co. Ltd is 26,800 won per…

Jin Air IPO (Part 3) - Book Building Results