In today’s briefing:
- Dowoo Insys IPO Preview
- MNTN, Inc. IPO: Blockbuster NYSE Debut, The Stock Has Skyrocketed ~65% on the First Trading Day
Dowoo Insys IPO Preview
- Dowoo Insys is getting ready to complete its IPO in Korea. Dowoo Insys is one of the first companies in Korea to commercialize ultra thin glass (UTG) for foldable displays.
- The IPO price range is 29,000 won to 32,000 won. At the high end of the IPO price range, the expected market cap of the company is 351 billion won.
- The bankers used five companies including Synopex, Duksan Neolux, and Innox Advanced Materials as comparable companies. The bankers used these companies’ average EV/EBITDA multiple of 15x to value Dowoo Insys.
MNTN, Inc. IPO: Blockbuster NYSE Debut, The Stock Has Skyrocketed ~65% on the First Trading Day
- MNTN, Inc., a high-growth provider of CTV performance marketing platform, priced its IPO at $16.00 per share, high end of range.
- The offering was ~14x times oversubscribed, according to Mark Douglas, Founder & CEO of MNTN. The IPO opened at $21.00 and closed at $26.36 per share, up ~65%.
- I think the stock was attractively priced vs. peers, given 30%+ growth rates, FCF positive business and top-tier backers.
Before it’s here, it’s on Smartkarma
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