In today’s briefing:
- Shift Up IPO – The Positives – All Games Have Done Well
- Shift Up IPO – The Negatives – Changing Monetisation Model, Censorship Issues
- Allied Blenders and Distillers Pre-IPO – Refiling Updates and Initial Thoughts on Valuation
Shift Up IPO – The Positives – All Games Have Done Well
- Shift Up plans to raise up to US$320m in its upcoming South Korean IPO.
- Shift Up is a South Korean games developer, which as released three games so far for the global markets.
- In this note, we talk about the positive aspects of the deal.
Shift Up IPO – The Negatives – Changing Monetisation Model, Censorship Issues
- Shift Up (462870 KS) plans to raise up to US$320m in its upcoming South Korean IPO.
- Shift Up is a South Korean games developer, which as released three games so far for the global markets.
- In this note, we talk about the not-so-positive aspects of the deal.
Allied Blenders and Distillers Pre-IPO – Refiling Updates and Initial Thoughts on Valuation
- Allied Blenders & Distillers (9844250Z IN) is looking to raise about US$180m in its upcoming India IPO.
- ABD is the largest Indian-owned Indian-made foreign liquor (IMFL) company and the third largest IMFL company in India, in terms of annual sales volumes between FY14 and FY22.
- In this note, we provide a summary of its refiling updates, undertake a quick peer comparison and share our initial thoughts on valuation.
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