Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

Equity Capital Markets

<ul>
<li>Reddit, an American social news aggregation, content rating, and forum social network, filed to go public. The company plans to trade on the NYSE under the ticker “RDDT”.</li>
<li>Reddit was founded in 2005 by Steven Huffman, Aaron Swartz and Alexis Ohanian. The company is forecasted to surpass $1B in total revenue in 2024.</li>
<li>They chose the right time to go public. I have a positive view of the upcoming Reddit IPO and looking forward to seeing them trade as a public company.</li>
</ul>


Reddit, an American social news aggregation, content rating, and forum social network, filed to go public. The company plans to trade on the NYSE under the ticker “RDDT”.
Reddit was founded in 2005 by Steven Huffman, Aaron Swartz and Alexis Ohanian. The company is forecasted to surpass $1B in total revenue in 2024.
They chose the right time to go public. I have a positive view of the upcoming Reddit IPO and looking forward to seeing them trade as a public company.


Reddit IPO: The Right Time To Go Public At A Reasonable Valuation

External broker reports(aggregated public sources), CMB International

CMB International

External broker reports(aggregated public sources)

Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc. Adhering to the philosophy of “being clients oriented and increasing our own values by the way of creating value for clients”, CMBI endeavors to provide quality and integrated financial services to institutional, corporate and individual customers both domestic and overseas including Hong Kong IPO sponsorship and underwriting, share placement and rights issue for listed companies, financial advisors, bonds issuance services, asset management, direct investment, wealth management, equity sales and trading, etc.

Thematic (Sector/Industry)

<ul><li>International advertising market (global ad market ex-China, same below unless otherwise specified) still has ample room for further digital transformation, benchmarking to rather advanced state in China’s market.</li><li>The pandemic accelerated the digital transformation towards online and mobile advertising globally.</li><li>According to eMarketer, spending in international ad market reached US$809bn in 2023, with that for digital ad reaching 66% of total at US$533bn (vs. pre-pandemic level of 47% in 2019). </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

International advertising market (global ad market ex-China, same below unless otherwise specified) still has ample room for further digital transformation, benchmarking to rather advanced state in China’s market.The pandemic accelerated the digital transformation towards online and mobile advertising globally.According to eMarketer, spending in international ad market reached US$809bn in 2023, with that for digital ad reaching 66% of total at US$533bn (vs. pre-pandemic level of 47% in 2019). Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

US Digital Advertising – AI-Empowered Digital Transformation

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Pinterest Inc saw record Global MAUs of 498 million, an 11% growth from the previous year, and revenue growth of 12% amounting to $981 million.</li><li>The multi-fold success of Pinterest's investment into lower funnel offerings, such as mobile deep linking and shopping ads, has led to substantial ROI improvements for advertisers, encouraging them to increase their budgets.</li><li>This success is also extending into Q1 of 2024.</li></ul>

Pinterest Inc saw record Global MAUs of 498 million, an 11% growth from the previous year, and revenue growth of 12% amounting to $981 million.The multi-fold success of Pinterest's investment into lower funnel offerings, such as mobile deep linking and shopping ads, has led to substantial ROI improvements for advertisers, encouraging them to increase their budgets.This success is also extending into Q1 of 2024.

Pinterest Inc: Investment in AI Talent and B2B Marketing and 6 Other Factors Driving Their Growth In 2024 & Beyond! - Financial Forecasts

<ul><li>Pinterest managed to surpass the revenue expectations as well as the earnings expectations of Wall Street.</li><li>Monthly active users reached an all-time high of 482 million, marking an 8% increase and surpassing pandemic-induced peaks.</li><li>At $763 million, total revenue experienced an 11% surge, marking the third consecutive quarter of accelerating growth.</li></ul>

Pinterest managed to surpass the revenue expectations as well as the earnings expectations of Wall Street.Monthly active users reached an all-time high of 482 million, marking an 8% increase and surpassing pandemic-induced peaks.At $763 million, total revenue experienced an 11% surge, marking the third consecutive quarter of accelerating growth.

Pinterest Inc.: Can Its AI Strategy Lead to Unstoppable Growth? - Major Drivers

<ul><li>Pinterest delivered an all-around beat in the most recent quarterly result.</li><li>The company's strategic focus on core differentiators and visual discovery led to increased user engagement and expansion of the user base.</li><li>Despite challenges in the advertising environment, Pinterest achieved consistent year-on-year revenue growth and margin expansion.</li></ul>

Pinterest delivered an all-around beat in the most recent quarterly result.The company's strategic focus on core differentiators and visual discovery led to increased user engagement and expansion of the user base.Despite challenges in the advertising environment, Pinterest achieved consistent year-on-year revenue growth and margin expansion.

Pinterest Inc.: Embracing Challenges and Emerging as a Dominant Force in Digital Landscape! - Major Drivers

United States

Pinterest, Inc. operates and maintains social networking site. The Company provides online venue for personal photos, ideas, oddities, decorations, places to visit, recipes, and other items. Pinterest serves customers worldwide.

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Pinterest (PINS US)

Reddit IPO: The Right Time To Go Public At A Reasonable Valuation

Reddit, an American iconic internet company, filed to go public. Given their massive TAM, loyal communities and scalable business, Reddit is bound...

Andrei Zakharov

US Digital Advertising – AI-Empowered Digital Transformation

International advertising market (global ad market ex-China, same below unless otherwise specified) still has ample room for further digital...

CMB International

Pinterest Inc: Investment in AI Talent and B2B Marketing and 6 Other Factors Driving Their Growth In 2024 & Beyond! - Financial Forecasts

Pinterest Inc saw record Global MAUs of 498 million, an 11% growth from the previous year, and revenue growth of 12% amounting to $981...

Baptista Research

Pinterest Inc.: Can Its AI Strategy Lead to Unstoppable Growth? - Major Drivers

Pinterest managed to surpass the revenue expectations as well as the earnings expectations of Wall Street. Monthly active users reached an...

Baptista Research

Pinterest Inc.: Embracing Challenges and Emerging as a Dominant Force in Digital Landscape! - Major Drivers

Pinterest delivered an all-around beat in the most recent quarterly result. The company's strategic focus on core differentiators and visual...

Baptista Research

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