ECM Weekly (3rd Jul 2022) - Tianqi, Thai Life, Prosus/Naspers, Tencent, SEA, Soosan, SoCar, Carsales
Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
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Korea IPOs for 2022: 1H Review & 2H Schedules for Flow Clash Risk
This post reviews the first half of Korea's local IPO market and examines the second-half schedule for flow clash possibilities.
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SoCar Pre-IPO - Aiming to Become an All-In-One Mobility Solution Provider
SOCAR (403550 KS) is looking to raise up to US$159m in its upcoming Korea IPO. SoCar is a Korean car sharing business which aims to become an all...
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SOCAR IPO Post-Listing Flow: VC-Triggered Overhang Vs. Lotte's Counter Move
This post investigates the most significant hidden issue of the SOCAR IPO: the post-listing flow dynamics between the VCs and Lotte Rental.
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Socar IPO Valuation Analysis
Our base case valuation of Socar is target price of 27,967 won, which is 18% lower than the low end of the IPO price range of 34,000 won. Given the...
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