Our base case valuation of Shift Up is target price of 95,510 won, which is 59% higher than the high end of the IPO price range (60,000 won).
What is covered in the Full Insight:
Shift Up's Base Case Valuation
Income Statement Estimates for Shift Up
Company Background
Comparable Companies Valuation Analysis
Potential for Fast Entry in KOSPI 200
Boomeranged on Tue, 4 Jun 2024 02:24
The first day of book building for the Shift Up IPO started on Monday and it looks excellent. Many institutional investors placed orders at prices above the upper end of price range (60,000 won) for this IPO. The book building will last until 13th and the final public offering price will be announced on the 17th. At the high end of the IPO price range, its market cap would be 3.6 trillion won.
SUMMARY
(Sign Up to Access)
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
Unlock all research summaries
Follow top, independent analysts
Receive personalised alerts and emails
Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.