ECM Weekly (28 February 2021) - Cheerwin, Coupang, DDMP REIT, Aztech, Autohome HK
Aequitas Research puts out a weekly update on the deals that have been covered by the team recently along with updates for upcoming IPOs.
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JD Logistics IPO Preview
JD Logistics (JDL HK) is getting ready to complete its IPO in the next several weeks. JD Logistics is a leading logistics services provider in China.
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Softbank Group: Jitters in a Frothy Market
Tech jitters hit Softbank shares which dropped 5% v -1% for NASDAQ. We think the gap is partially explained by the Coupang IPO and low visibility...
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Coupang Pre-IPO - Earnings Forecast and Valuation
Coupang, the largest product e-commerce player in Korea, aims to raise around US$3bn in its US listing. The company has earlier obtained...
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Coupang - Valuation Analysis
Our base case valuation of Coupang is EV of $55.6 billion and implied market cap of $60.1 billion. We have used EV/GP as our primary method of...
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