IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

Arun has over 15 years’ experience covering the Technology sector. During this time, he has worked with technology start-ups and as an equity analyst in investment banks and independent research firms. He was formerly a Technology Analyst for Canaccord Genuity, Altium Securities, Espirito Santo Investment Bank, Noble Group and Clear Capital. He has a dual Master’s degree in Financial Engineering and Industrial and Operations Engineering from the University of Michigan. He obtained his Bachelor’s degree in Mechanical Engineering from the Indian Institute of Technology, Bombay. He is also a CFA charterholder.

IPOs and Catalysts/Events

Busy Ming (1768 HK) IPO: Valuation Insights

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Equity Capital Markets

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<li>
<a href="https://www.smartkarma.com/entities/busy-ming-group" target="_blank" data-smartkarma-citation="entities:45154:1" rel="noopener">Busy Ming Group (BMG HK)</a>, a food and beverage retailer in China, is seeking to raise US$400 to US$500 million. </li>
<li>Busy Ming’s business model of super-low prices positions it as the <a href="https://www.smartkarma.com/entities/pdd-holdings-inc" target="_blank" data-smartkarma-citation="entities:27250:1" rel="noopener">PDD Holdings (PDD US)</a> and <a href="https://www.smartkarma.com/entities/mixue-group" target="_blank" data-smartkarma-citation="entities:40623:1" rel="noopener">Mixue Group (2097 HK)</a> of cheap snack foods in China.</li>
<li>The investment case rests on expanding the store network, rapid GMV/revenue growth, improving margins and a strong balance sheet. </li>
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Busy Ming Group (BMG HK), a food and beverage retailer in China, is seeking to raise US$400 to US$500 million. 
Busy Ming’s business model of super-low prices positions it as the PDD Holdings (PDD US) and Mixue Group (2097 HK) of cheap snack foods in China.
The investment case rests on expanding the store network, rapid GMV/revenue growth, improving margins and a strong balance sheet. 


Busy Ming

Busy Ming IPO: The Investment Case