IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

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<div><p><a href="https://www.smartkarma.com/entities/jde-peet" target="_blank" data-smartkarma-citation="entities:28968:1" rel="noopener">JDE Peet (JDE US)</a> is the world's largest pure-play coffee and tea group by revenue with a 7% market share in a fragmented market in 2019, according to Euromonitor. JDE Peet’s has launched its IPO seeking a valuation of between €14.9-16.0 billion at the price range of €30.00-32.25 per offer share. Due to a strong response from investors, the closing of the offer has been brought forward to 28 May at 16:00 pm CET vs the original close of 2 June. </p></div><div><div><div class="content-highlight"><p>In <a href="https://www.smartkarma.com/insights/jde-peet-s-ipo-initiation-the-big-grind" target="_blank" rel="noopener">our initiation note</a>, we noted that JDE Peet’s fundamentals are attractive. Our valuation analysis suggests that JDE Peet's is attractive compared to global coffee companies and large European consumer staples on an FY2020 EV/EBITDA and P/E basis. Consequently, due to the combination of a resilient business model and attractive valuation, we would participate in the IPO. </p></div></div></div>

JDE Peet (JDE US) is the world's largest pure-play coffee and tea group by revenue with a 7% market share in a fragmented market in 2019, according to Euromonitor. JDE Peet’s has launched its IPO seeking a valuation of between €14.9-16.0 billion at the price range of €30.00-32.25 per offer share. Due to a strong response from investors, the closing of the offer has been brought forward to 28 May at 16:00 pm CET vs the original close of 2 June. In our initiation note, we noted that JDE Peet’s fundamentals are attractive. Our valuation analysis suggests that JDE Peet's is attractive compared to global coffee companies and large European consumer staples on an FY2020 EV/EBITDA and P/E basis. Consequently, due to the combination of a resilient business model and attractive valuation, we would participate in the IPO. 

Malaysia

Power Root Bhd bottles beverages.  The Company produces ready-to-drink coffee, tea, and energy drinks.

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Power Root Bhd (PWRT MK)

JDE Peet's IPO: Valuation Insights

JDE Peet (JDE US) is the world's largest pure-play coffee and tea group by revenue with a 7% market share in a fragmented market in 2019, according...

Arun George

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