In today’s briefing:
- UltraGreen.ai Pre-IPO: Strong Financials Despite Misleading Branding
- Klook IPO (NYSE: KLK): Fair Valuation Would Be Significantly Above Last Reported Valuation
UltraGreen.ai Pre-IPO: Strong Financials Despite Misleading Branding
- UltraGreen.AI (2594794D SP) is looking to raise US$400m in its upcoming Singapore IPO.
- Ultragreen is a global leader in Fluorescence Guided Surgery (FGS), a surgical approach that helps doctors see things inside the body that are normally invisible under regular white light.
- In this note, we look at the company’s past performance.
Klook IPO (NYSE: KLK): Fair Valuation Would Be Significantly Above Last Reported Valuation
- Klook Technology Limited, travel and leisure booking platform company with leadership position in APAC intra-regional travel, aims to raise up to $500M in US IPO.
- The company is expected to IPO in December. Goldman Sachs, J.P. Morgan and Morgan Stanley are leading the offering and Klook will list its ADSs on the NYSE.
- My IPO valuation analysis coalesces around initial valuation range between $2.5B and $3.5B for Klook Technology Limited upcoming offering.
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