Tuhu Car

Tuhu Car IPO: Forecasts and Valuation

646 Views18 Sep 2023 18:17
​Chinese automotive maintenance platform Tuhu Car plans to raise around $161m through its HKEx IPO. Our forecast and valuation analysis suggests Tuhu Car's IPO is reasonably valued.
Boomeranged on Tue, 26 Sep 2023 15:21
Tuhu Car priced its IPO at HK$28.00 per share, at the bottom end of the IPO price range and raised net proceeds of HK$1,081m (US$138m) excluding the over-allotment option. HK offering was oversubscribed by less than 15x while the international offering was oversubscribed by just 2.3x.
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Shifara Samsudeen, ACMA, CGMA
Equity Analyst
LightStream Research
JapanIndustrialsEquity Bottom-UpEquity Capital Markets
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