ECM Weekly (20th June 2021) - Didi, Nayuki, Soulgate, Hutchmed, Full Truck, CTOS, Cloud Village
Aequitas Research puts out a weekly update on the deals that have been covered by the team recently along with updates for upcoming IPOs.
660 Views
Full Truck Alliance IPO: Peer Comparison and Valuation
FTA's implied valuation multiples are at a lofty premium to peers even if we assume a 100% revenue CAGR between 2020-22E. FTA's growth prospects do...
545 Views
Full Truck Alliance Valuation Analysis
Our base case valuation of Full Truck Alliance is implied market cap of $17.7 billion or $17.1 per share. Given the lack of upside relative to the...
549 Views
Full Truck Alliance IPO: Valuation Insights
While the recent first-day pops suggest an awakening of IPO animal spirits, we remain uncomfortable in recommending FTA based on our previously...
500 Views
Full Truck Alliance IPO - Decent Investor Line-Up, at Best a Punt at These Valuations
Full Truck Alliance (YMM US), China’s largest digital freight platform by gross transaction value, aims to raise up to US$1.6bn via a US listing....
574 Views