Equity Analyst, LightStream Research

Shifara Samsudeen, FCMA, CGMA

A chartered management accountant with more than 10 years of rich experience in investment research and financial analysis. Worked as an equity analyst for one of the world's largest asset managers with USD2.5trn in AUM covering numerous sectors including chemicals, retail, tech, autos, telco, real-estate and banks, globally. Experienced in fundamental equity research, industry research, commodity studies, forensic accounting, and due diligence reviews.

Equity Analyst

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Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/go-inc" target="_blank" data-smartkarma-citation="entities:49420:1" rel="noopener">GO (581A JP)</a> has set the IPO pricing at ¥2,350-2,400 per share, the secondary shareholders will raise ¥550m at a market cap and valuation of ¥184.4bn and ¥154bn respectively.</li>
<li>The company is the dominant player in the Japanese ride-hailing market which is underpenetrated. GO has seen strong revenue growth, improved profitability and strong cash flows.</li>
<li>We have compared the company against Uber, Lyft, Grab and GoTo and our analysis  suggests that the IPO is not very cheap.</li>
</ul>



GO (581A JP) has set the IPO pricing at ¥2,350-2,400 per share, the secondary shareholders will raise ¥550m at a market cap and valuation of ¥184.4bn and ¥154bn respectively.
The company is the dominant player in the Japanese ride-hailing market which is underpenetrated. GO has seen strong revenue growth, improved profitability and strong cash flows.
We have compared the company against Uber, Lyft, Grab and GoTo and our analysis  suggests that the IPO is not very cheap.


Go Inc.の新規株式公開（IPO）：同業他社との比較と評価