Report
EUR 88.49
For Business Accounts Only
GogoX is an online intra-city logistics platform in Asia. The company operates in more than 30 cities across five countries and regions in Asia, namely, mainland China, Hong Kong, Singapore, Korea, and India. It owns and operates two brands, Kuaigou Dache (快狗打车) in mainland China and GOGOX for other countries and region.
We tried to keep an open mind in our previous note about the company, given that its prudent strategy has yielded results. But 9M21 results show that the company is back on its spending spree and the cash burn is unlikely to abate in the near term. The company plans to use IPO proceeds to pursue more growth.
In this note, we look at GGX’s PHIP updates.
58 Freight (GogoX) Pre-IPO
GogoX (GGX) is looking to raise US$200m in its upcoming Hong Kong IPO.GogoX is an online intra-city logistics platform in Asia. The company operates in more than 30 cities across five countries and regions in Asia, namely, mainland China, Hong Kong, Singapore, Korea, and India. It owns and operates two brands, Kuaigou Dache (快狗打车) in mainland China and GOGOX for other countries and region.
We tried to keep an open mind in our previous note about the company, given that its prudent strategy has yielded results. But 9M21 results show that the company is back on its spending spree and the cash burn is unlikely to abate in the near term. The company plans to use IPO proceeds to pursue more growth.
In this note, we look at GGX’s PHIP updates.
Underlying
58 Freight (GogoX)
Provider
Aequitas Research
Aequitas Research is a leading ECM research firm with a focus on IPOs and placements/follow-on offerings across the Asia Pacific with deal size of over USD100m.
Since 2015, we have covered 400+ IPOs and 450+ placements with a hit rate of 73% and 65%, respectively. We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic analysis.
Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis. We also provide a more quant driven analysis on placement/follow-on offerings.
Markets that we cover include:
Hong Kong,
China ADRs,
India,
Japan,
Australia, and
ASEAN.
Hong Kong,
China ADRs,
India,
Japan,
Australia, and
ASEAN.
Zhen Zhou Toh
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