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

SK Square: Updated NAV Analysis Amid Potential Sale of 11st to Alibaba

SK Square: M&A of 11st - Alibaba Out and Qoo10 In?

2020 Financials Comparison of Kurly Vs SSG.Com (IPO Candidates in 2021 & 2022)

11st Receives a 500 Billion Won Investment & Competitor Analysis of the Korean E-Commerce Market

Shinsegae Group's SSG.com Receives 1 Trillion Won Investment: Trying to Create Korea's Amazon Fresh

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Private Capital Markets

<ul>
<li>
SSG.com is getting ready for an IPO in 2H 2022/1H 2023. Local media have mentioned that SSG.com is targeting a valuation of 10 trillion won for the company.</li>
<li>We believe SSG.com would need to cut the valuation by at least 50% (5 trillion won) in order to complete its IPO. </li>
<li>We believe valuation levels of 11st would need to come down significantly in the 2 trillion won to 3 trillion won range in order for an IPO to be completed. </li>
</ul>



SSG.com is getting ready for an IPO in 2H 2022/1H 2023. Local media have mentioned that SSG.com is targeting a valuation of 10 trillion won for the company.
We believe SSG.com would need to cut the valuation by at least 50% (5 trillion won) in order to complete its IPO. 
We believe valuation levels of 11st would need to come down significantly in the 2 trillion won to 3 trillion won range in order for an IPO to be completed. 


SSG.Com & 11st: Need to Drastically Cut Their Valuations to Complete Their IPOs in 2022/2023

SSG.Com Corp

SSG.Com & 11st: Need to Drastically Cut Their Valuations to Complete Their IPOs in 2022/2023