Huitongda

Huitongda IPO: Testing Times

Equity Capital Markets
205 Views, 12 Jan 2022 15:42
EXECUTIVE SUMMARY
  • Alibaba backed B2B e-commerce business, Huitongda (1566215D CH) is looking to test the HK IPO market with its $500m IPO while Beijing is on the attack on Chinese new economy stocks.
  • The company’s focus on rural and lower tier markets sounds a promising prospect amidst the Chinese’s government’s push for common prosperity.
  • Nevertheless, we think that investors are more likely to focus on the barrage of regulatory assaults and the fragilities of Huitongda's business model.
detail (3-minute read)
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Oshadhi Kumarasiri
Equity Analyst
LightStream Research
JapanEquity Bottom-UpEquity Capital Markets

An equity research analyst with over 7 years of experience in multiple sectors. Previously worked for one of the world's... 

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