In today’s briefing:
- Kayou Pre-IPO: Financials and Other Metrics Outputs
Kayou Pre-IPO: Financials and Other Metrics Outputs
- Kayou Inc., a founder led IP-themed trading card company, plans to go public in Hong Kong. The company’s financial profile and profitability are unique among its mid-cap peers.
- The company reported 2024 revenue of RMB10,057m, up 278% y/y, driven by an increase in sales of trading cards, corresponding to an increase in their sales volume.
- Kayou Inc. appears to have a decent runway for growth. Companies with both “elite” gross profit margins and higher revenue growth would tend to trade at higher multiples.
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