bullish

PDD Holdings

Pinduoduo Placement: As Expensive As It May Seem, There Could Be More Upside

261 Views18 Nov 2020 20:22
Pinduoduo (PDD US) plans to raise around $5bn through an issue of ADS and convertible bonds. In this note, we revisit our thesis on PDD ahead of the proposed placement.
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Supun Walpola
Equity Analyst
LightStream Research
Equity Bottom-UpForensic Accounting
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