Huitongda

Huitongda Network IPO Initiation: Clicks to Bricks

Equity Capital Markets
215 Views, 12 Jan 2022 22:34
EXECUTIVE SUMMARY
  • Huitongda (1566215D CH) is a fast-growing commerce and service platform focused on China’s lower-tier retail market. It is pre-marketing an HKEx IPO to raise US$400-500 million.
  • The positives are a large addressable market, solid top-line growth and profitability. The key negative is the low margin profile which reflects a fragmented and competitive market. 
  • Overall, we think that the positives outweigh the negatives and this IPO is worth a closer look.   
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Arun George
IPOs and Catalysts/Events
Global Equity Research Ltd
Information TechnologyEquitiesEquity Capital MarketsEvent-Driven

Arun has over 15 years’ experience covering the Technology sector. During this time, he has worked with technology start... 

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