Aequitas Research - Momo.com (8454) momo.com Placement - Selldown by Woori, could be worth a small bet

Report

Aequitas Research

Zhen Zhou Toh

EUR 93.26 For Business Accounts Only

momo.com Placement - Selldown by Woori, could be worth a small bet

Woori Home Shopping is looking to sell about 3.8m shares of momo.com. Woori Home Shopping will still hold about 7.9% stake in the company post share-sale.

In this note, we share our thoughts on the selldown and run the deal through ECM framework.

24/09/2021 9 EN

Underlying

Momo.com

momo.com Inc. is a Taiwan-based company principally engaged in the network-related business and the television and cataloging business. The Company is mainly engaged in television shopping, online shopping, catalogue mail order, personal insurance agency and property insurance agency businesses, as well as the provision of travel related services. The Company operates its businesses mainly in domestic market.

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TW0008454000 Taiwan Stock Exchange Chinese Taipei

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.

See profile

Analysts

Zhen Zhou Toh

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momo.com Placement - Selldown by Woori, could be worth a small bet

An unfavourable environment weighs on MOMO COM, which sees a downgrade to Slightly Negative

Ford Equity International Rating and Forecast Report

Onewo Space-Tech Pre-IPO

Legend Biotech Follow-on Offering

Xtep International Placement

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