Vespa Post IPO Trade: At a 20% Earnings Correction, Price Should Be Settled at ₩37,000
The offer price is inexpensive. The valuation peers have delivered a 'relatively' solid performance lately. At a 13~14x PER multiple, the offer...
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Vespa IPO Pricing Approach: 25% Discount to High End
Vespa Inc (299910 KS), one of Korea's rising star gaming company, offers a total 1.6M shares, of which 80% go to institutional investors. This...
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Vespa Inc IPO Preview (Part 2) - Valuation Analysis
We believe the Vespa IPO is not attractive. Therefore, we would pass on this IPO. In order for us to become interested, the IPO price would need...
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Vespa Inc IPO Preview (Part 1)
Established in 2013, Vespa Inc (299910 KS) (also called Vespa Interactive) is a Korean mobile game company that is expected to complete its IPO...
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