J&T Global plans to raise US$501m through its HKEx IPO by issuing 327m shares at HK$12 per share. Our SOTP valuation suggests that J&T Global's IPO is overvalued.
Boomeranged on Thu, 26 Oct 2023 11:30
J&T's shares will commence trading at the HKEx on Friday, 27th October and the company's HK offering and international offering were only oversubscribed by 1.36x and 1.91x respectively. Lackluster demand for J&T's shares reaffirms our view that the IPO is overvalued.
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