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

Equity Bottom-Up

It was just reported that Snap Inc. (parent of Snapchat) is preparing for an IPO in 1H17, valuing the company at US$25 billion or more (WSJ, CNBC). This is faster than what the market anticipated. We believe this accelerated attempt to IPO Snap Inc. is positive to SNOW, Naver (75% owner of SNOW) and LINE (25% owner of SNOW), because it will result in a concrete public market value of Snapchat which could raise valuation profile of SNOW.  (See our report <a href="https://www.smartkarma.com/insights/snow-asia-s-snapchat" target="_blank" data-smartkarma-citation="insights:5000">SNOW - Asia’s Snapchat</a>. The timeframe of…

It was just reported that Snap Inc. (parent of Snapchat) is preparing for an IPO in 1H17, valuing the company at US$25 billion or more (WSJ, CNBC). This is faster than what the market anticipated. We believe this accelerated attempt to IPO Snap Inc. is positive to SNOW, Naver (75% owner of SNOW) and LINE (25% owner of SNOW), because it will result in a concrete public market value of Snapchat which could raise valuation profile of SNOW.  (See our report SNOW - Asia’s Snapchat. The timeframe of…

Snapchat Parent Is Preparing for an IPO in 1H17 - Impact on SNOW, Naver, & LINE

Naver Corp

Snapchat Parent Is Preparing for an IPO in 1H17 - Impact on SNOW, Naver, & LINE