bearish

Shift Up

Shift Up IPO - The Negatives - Changing Monetisation Model, Censorship Issues

407 Views24 May 2024 05:45
Shift Up (462870 KS) plans to raise up to US$320m in its upcoming South Korean IPO. In this note, we talk about the not-so-positive aspects of the deal.
What is covered in the Full Insight:
  • Distribution model and its potential impact
  • Valuation of Shift Up
  • Tencent's last investment in Shift Up
  • Censorship issues
  • Share lock-up details
SUMMARY
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Sumeet Singh
Head of Research, IPOs & Placements
Aequitas Research
EquitiesEquity Capital Markets
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