Weekly Deals Digest (28 May) - Rakuten, Growatt, JD Industrials, Toyo, Silk Laser, Penguin

Growatt Technology IPO: The Investment Case

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Equity Capital Markets

Growatt Technology / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/growatt-new-energy-technology" target="_blank" data-smartkarma-citation="entities:36103:1" rel="noopener">Growatt Technology (1833969D CH)</a>, a leading PV inverters manufacturer, is pre-marketing a US$400 million HKEx IPO, according to press reports.  </li>
<li>We previously discussed the IPO in <strong><em><a href="https://www.smartkarma.com/insights/growatt-technology-ipo-the-investment-case" target="_blank" data-smartkarma-citation="insights:102983" rel="noopener">Growatt Technology IPO: The Investment Case</a>, <a href="https://www.smartkarma.com/insights/growatt-technology-ipo-growing-watts" target="_blank" data-smartkarma-citation="insights:84889" rel="noopener">Growatt Technology IPO: Growing Watts</a>, <a href="https://www.smartkarma.com/insights/growatt-technology-ipo-the-bear-case" target="_blank" data-smartkarma-citation="insights:81071" rel="noopener">Growatt Technology IPO: The Bear Case</a>, <a href="https://www.smartkarma.com/insights/growatt-technology-ipo-the-bull-case" target="_blank" data-smartkarma-citation="insights:80963" rel="noopener">Growatt Technology IPO: The Bull Case</a></em></strong>. </li>
<li>In this note, we outline our updated forecasts and present our updated look at Growatt's potential valuation range.</li>
</ul>



Growatt Technology (1833969D CH), a leading PV inverters manufacturer, is pre-marketing a US$400 million HKEx IPO, according to press reports.  
We previously discussed the IPO in Growatt Technology IPO: The Investment Case, Growatt Technology IPO: Growing Watts, Growatt Technology IPO: The Bear Case, Growatt Technology IPO: The Bull Case. 
In this note, we outline our updated forecasts and present our updated look at Growatt's potential valuation range.


Growatt Technology IPO: Valuation Updated Look