Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Thoughts on Amazon –What Does Its Valuation Tells Us?

Netflix & Amazon Expand in Korea – Not a Coincidence

Okja: The Fight Between Netflix Vs. CJ CGV

Equity Capital Markets

<div class="content-highlight"><p><strong>Apple, Orange, Blackberry......and now Lemon. Yes, a Korean company called <a href="https://www.smartkarma.com/entities/lemon-co-ltd" target="_blank" data-smartkarma-citation="entities:28841:1" rel="noopener">Lemon (294140 KQ) </a></strong><strong>is getting ready to complete an IPO at the end of this month, which is likely to receive exceptional demand. The company's core products include EMI (electromagnetic interference) shielding products, Nano textile membrane, and protective masks. </strong></p></div><p>The book-building for the institutional investors will start next week on 12 February 2020. The lead underwriters of this deal include Mirae Asset Daewoo Securities and Hyundai Motor Securities. The IPO price range is from 6,200 won to 7,200 won. The IPO deal size is from $21 million to $25 million.</p><p>The company's masks (dust protection and regular protective), which were launched in December 2019 has been very timely since there has been a <strong>HUGE</strong> demand for high-quality masks in Korea, China, and all around the world due to the rapid spread of the <strong>novel Coronavirus.</strong></p><div class="content-highlight"><p><strong>According to Lemon, the company has been operating its masks manufacturing facility at <a href="http://www.sentv.co.kr/news/view/567881" target="_blank" rel="noopener">100% capacity utilization</a> since February 3rd and can produce 4 million mask units per month. The company has already received 12 million mask units in new orders so it is fully booked.</strong></p></div>

Apple, Orange, Blackberry......and now Lemon. Yes, a Korean company called Lemon (294140 KQ) is getting ready to complete an IPO at the end of this month, which is likely to receive exceptional demand. The company's core products include EMI (electromagnetic interference) shielding products, Nano textile membrane, and protective masks. The book-building for the institutional investors will start next week on 12 February 2020. The lead underwriters of this deal include Mirae Asset Daewoo Securities and Hyundai Motor Securities. The IPO price range is from 6,200 won to 7,200 won. The IPO deal size is from $21 million to $25 million.The company's masks (dust protection and regular protective), which were launched in December 2019 has been very timely since there has been a HUGE demand for high-quality masks in Korea, China, and all around the world due to the rapid spread of the novel Coronavirus.According to Lemon, the company has been operating its masks manufacturing facility at 100% capacity utilization since February 3rd and can produce 4 million mask units per month. The company has already received 12 million mask units in new orders so it is fully booked.

Advanced Nano Products Co Ltd (121600 KS)

Innox Advanced Materials Co,Ltd. (272290 KS)

Lemon Co Ltd

Lemon IPO Preview