Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

D'Alba Global - End of Lockup Period For 10% of Outstanding Shares

D'Alba Global IPO Bookbuilding Results Analysis

Douglas Research Advisory

Event-Driven

<ul>
<li>D'Alba Global has been one of the best performing IPOs in Korea this year. Its share price has risen to 172,5000 won, an increase of 160% from it IPO price.</li>
<li>A total of 19% of outstanding shares of D'Alba Global could start to be sold starting 22 June. That is a lot of shares!</li>
<li>These are likely to put negative pressure on the shares of D'Alba Global. Therefore, we change our view on this company to Negative over the next 6-12 months.</li>
</ul>


D'Alba Global has been one of the best performing IPOs in Korea this year. Its share price has risen to 172,5000 won, an increase of 160% from it IPO price.
A total of 19% of outstanding shares of D'Alba Global could start to be sold starting 22 June. That is a lot of shares!
These are likely to put negative pressure on the shares of D'Alba Global. Therefore, we change our view on this company to Negative over the next 6-12 months.


D'Alba Global: Financial Investors Could Unload 19% of Shares Once Lockup Ends on 22 June