Potential Inclusions & Exclusions in KOSDAQ 150 Rebalance in May 2023
We discuss the potential inclusions and exclusions of the upcoming KOSDAQ 150 rebalance in May 2023 which will be announced in May and it will be...
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Recent IPOs Carrying Putback Option in Korea: Market's Attention Is on WCP
This post investigates the recent IPOs in Korea which carry putback options. In particular, it looks at WCP, which will likely experience a large...
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Trading Strategy for WCP Post Lowered IPO Price
Our base case valuation of WCP is market cap of 1.8 trillion won or target price of 51,973 won, which is 13% lower than the IPO price of 60,000 won.
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Open Edges Technology IPO Book Building Results
Openedges Technology (394280 KS) announced its IPO book building results. The IPO price has been determined at 10,000 won (33% lower than the low...
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Open Edges Technology IPO Valuation Analysis
Our valuation analysis suggests an implied target price of 24,813 won per share, representing 38% higher than the high end of the IPO price range...
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