Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 25 years of experience in analyzing hundreds of companies, especially in Asia. Deep expertise in the following sectors:
- Technology (E-commerce, SaaS, Internet)
- Consumer 
- Special Situations/Deep Value Plays
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Megvii: An Artificial Intelligence Powerhouse in China

The Blockchain Delusion. A (Mostly) Bearish Investment Thesis.

Equity Capital Markets

<ul>
<li>On 8 May, CUBox (340810 KS) announced its IPO price of 15,000 won, which is 13% lower than the lower end of the IPO price range of 17,200 won.</li>
<li>Our base case valuation of CUBox is implied target price of 22,719 won per share, which represents 51% higher than the IPO price of 15,000 won.</li>
<li>CUBox claims that it has one of the world's best technologies in the field of AI face recognition. </li>
</ul>


On 8 May, CUBox (340810 KS) announced its IPO price of 15,000 won, which is 13% lower than the lower end of the IPO price range of 17,200 won.
Our base case valuation of CUBox is implied target price of 22,719 won per share, which represents 51% higher than the IPO price of 15,000 won.
CUBox claims that it has one of the world's best technologies in the field of AI face recognition. 


CUBox

CUBox IPO Bookbuilding Results Analysis