International Games System (3293 TT): Positioning & Potential Passive Buying
The increased market cap could lead to IGS being added to passive portfolios at the end of Nov. There is a fair bit of positioning, but the stock...
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Pop Mart International IPO: Trading Debut
Pop Mart priced its IPO at HK$38.50 and opened 82% higher at HK$70.00 in the grey market. Our DCF sensitivity analysis shows that the IPO price...
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Pop Mart International IPO: Valuation Insights
At the mid-point of the IPO price range, the total net proceeds are HK$4,568.8 million ($589 million). Overall, we would participate in the IPO due...
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Pop Mart International IPO: Valuation First Look
Pop Mart is seeking to raise $600 million (double the original $200-300 million target) at a $7 billion valuation, according to Reuters. We think...
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Pop Mart International IPO Initiation: State of Play
POP MART (POP HK) is the largest and fastest-growing pop toy company in China, as measured by revenue in 2019 and revenue growth from 2017 to 2019,...
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