Huitongda (汇通达) Pre-IPO - PHIP Updates and Competitive Landscape
Equity Capital Markets
218 Views, 12 Jan 2022 09:33
Huitongda (1566215D CH) is looking to raise up to US$500m in its upcoming Hong Kong IPO.
- While the numbers from the growth of member stores look promising, it did not translate to stronger revenue from member stores and HTD did not give a clear explanation.
- In this note, we look at PHIP updates and competitive landscape.