Wanda Sports (万达体育) Pre-IPO - Closer Look at the Business Segments

Wanda Sports (万达体育) IPO Review - Shareholders Selling in the IPO

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APAC IPOs & Placements

Zhen Zhou, Toh

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

Wanda Sports Group / Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/wanda-sports-group" target="_blank" data-smartkarma-citation="entities:28119:1">Wanda Sports Group (WSG US)</a> is looking to raise about US$500m in its upcoming US IPO.</p>
<p>Overall, WSG's revenue looks like it has been growing well between 2016 to 2018. Mass participation revenue has grown well organically as well as through acquisitions. However, the two other major segments, DPSS and spectator sports, have complex contractual agreements. The assessment of WSG's performance in the past three years is further complicated by the cyclical nature of the events.</p>

Wanda Sports Group (WSG US) is looking to raise about US$500m in its upcoming US IPO.
Overall, WSG's revenue looks like it has been growing well between 2016 to 2018. Mass participation revenue has grown well organically as well as through acquisitions. However, the two other major segments, DPSS and spectator sports, have complex contractual agreements. The assessment of WSG's performance in the past three years is further complicated by the cyclical nature of the events.

Wanda Sports (万达体育) Early Thoughts - Convoluted by Contracts and Cyclicality