In today’s briefing:
- Pre-IPO UltraGreen.ai – Thoughts on the Business, the Concerns and the Valuation
Pre-IPO UltraGreen.ai – Thoughts on the Business, the Concerns and the Valuation
- UltraGreen.ai’s IPO valuation of US$1.6 billion is 6x the total 2030 market size for FGS systems. Such valuation is not based on current financial performance but on future growth expectations.
- For UltraGreen.ai to justify its valuation, it would need to capture a dominant/growing share of this expanding market. This creates a high risk of valuation correction if growth is slower-than-expected.
- The entire AI sector has been full of bubble.A market-wide correction could impact UltraGreen.ai’s valuation regardless of its individual performance.US$1.3bn is a comfortable valuation for us to invest in UltraGreen.ai.
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