Nubank (NU US) – IPO Done, Now Comes the Hard Part
More than other digital banks, Nubank suffers from a disconnect between size of customer base & loan & deposit balances; also, we estimate that...
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Banco Inter (BIDI11 BZ): Tough 3Q21, No Let up on the Horizon
We stay negative on Banco Inter due to the intensifying competition among Brazilian digital and legacy banks, with the prospective Nubank IPO...
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Kakao Bank IPO Trading - One for Instis, Closer Look at FTSE and MSCI Inclusion. Remain Buyers
Kakao Bank, South Korea’s largest digital bank, raised up to US$2.2bn in its South Korean IPO. Kakao will hold a 27.26% stake post listing. The...
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Kakao Bank IPO Preview
Kakao Bank is offering 65.45 million shares in the IPO at the IPO price of 33,000 won to 39,000 won per share. The expected market cap range would...
615 Views
POWERGRID InvIT IPO - Assets Are Fine, Declining Yield Is Not
POWERGRID Infrastructure Investment Trust aims to raise around US$1bn in its India IPO. PGIT is an investment trust setup to own transmission...
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