Shift Up

Shift Up IPO Valuation Analysis

631 Views22 May 2024 19:14
Our base case valuation of Shift Up is target price of 95,510 won, which is 59% higher than the high end of the IPO price range (60,000 won).
What is covered in the Full Insight:
  • Shift Up's Base Case Valuation
  • Income Statement Estimates for Shift Up
  • Company Background
  • Comparable Companies Valuation Analysis
  • Potential for Fast Entry in KOSPI 200
Boomeranged on Tue, 4 Jun 2024 02:24
The first day of book building for the Shift Up IPO started on Monday and it looks excellent. Many institutional investors placed orders at prices above the upper end of price range (60,000 won) for this IPO. The book building will last until 13th and the final public offering price will be announced on the 17th. At the high end of the IPO price range, its market cap would be 3.6 trillion won.
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Douglas Kim
Korea/Asia, Events, IPOs
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South KoreaEquity Bottom-UpEquity Capital Markets
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