China ADRs - SEC Notice - Instead of Three, Probably Have Four Years till 2025 - Correction Overdone
On 24th Mar 2021, SEC issued Amendments, Seeks Public Comment on Holding Foreign Companies Accountable Act. On the back of this, large China ADRs...
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ECM Weekly (21st March 2021) - Bairong, Bilibili HK, Energy Monster, Zhihu, IDP Edu, Ming Yuan Cloud
Aequitas Research puts out a weekly update on the deals that have been covered by the team recently along with updates for upcoming IPOs.
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Tuya IPO: Trading Debut
Tuya has priced its IPO at $21 per ADS above the marketed range of $17-20 per ADS. Our sensitivity analysis points to a meaningful upside based on...
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Tuya (涂鸦智能) IPO Trading - Strong Momentum but Watch Out for the Post Debut Fizzle
Tuya Inc (TUYA US) raised about US$915m in its US IPO, priced at US$21 per ADS, above the top end of its initial price range.
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Tuya IPO Valuation: Market Leadership and China IoT Exposure Justify Expensive Multiples
Though Tuya’s implied LTM revenue multiple is at a premium to peers, Tuya’s best years are yet to come as the IoT PaaS and SaaS markets in China...
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