Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Capital Markets

<ul>
<li>Daemyung Energy is trying again for an IPO in Korea, after about three months delay.</li>
<li>
<strong>It has lowered the IPO price range by nearly 40%</strong> from (25,0000 won -29,000 won) to (15,000 won - 18,000 won).</li>
<li>Our base case valuation of Daemyung Energy is target price of 28,784 won per share, which is 60% upside from the high end of the IPO price range,</li>
</ul>


Daemyung Energy is trying again for an IPO in Korea, after about three months delay.

It has lowered the IPO price range by nearly 40% from (25,0000 won -29,000 won) to (15,000 won - 18,000 won).
Our base case valuation of Daemyung Energy is target price of 28,784 won per share, which is 60% upside from the high end of the IPO price range,


Daemyung Energy: Lowers IPO Price Range by 40%

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Transalta Renewables (RNW CN)

Daemyung Energy: Lowers IPO Price Range by 40%

Daemyung Energy is trying again for an IPO in Korea, after about three months delay. It has lowered the IPO price range by nearly 40%.

Douglas Kim