This one will surprise most I think. It's usually the ones no one talks about that run the hardest (CPN, MGH etc.)
Existing holders not selling any into the IPO shows to me they see value in the company as they are all 100% escrowed. Only sellers will be IPO participants that got in at $1.50.
IPO valuation looks very attractive – Youfoodz priced at $165m (1.1x net rev) versus what Quadrant paid for My Muscle Chef at $200m+ (upwards of 1.3x rev).
Exciting business with solid growth potential IMO.
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- IPO - Youfoodz Holdings Limited - 8 December 2020 #
IPO - Youfoodz Holdings Limited - 8 December 2020 #, page-5
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