Spotify 2Q21: Podcasting Rolling Over?
Spotify missed on MAUs again and lowered 2021 guidance. Not great for a subscription business built on a distant 10 year DCF built on subscriber...
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Cloud Village (NetEase Music) Pre-IPO - Tencent Music Peer Comp, Regulatory Impact
Cloud Village Inc. (CVI), also known as NetEase Music, plans to raise around US$1bn in its Hong Kong IPO. The company has also obtained investments...
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2H21 Obex Research Short Portfolio
We like the Teradata short setup into 2Q21, and think Tesla may finally be safe to short. Apple remains our preferred large cap short, while...
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Hybe Block/Placement - Big Block for Big Hit
STIC aims to raise around US$750m via selling all of its remaining stake in HYBE (352820 KS).  In this note, we will run the deal through our ECM...
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Weekly Innovation Review (WIRE) #36
Headline Developments: SpaceX (private) is set to launch The Pentagon’s next-generation national security satellite to orbit.
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