首先,它不只是在快速扩张,而且也实现了盈利和正的运营现金流,大部分来自广告和在线游戏业务。今年头九个月收入为5.532亿元(合8,880万美元),同比增长168%,同期利润为5,590万元,并实现净运营现金流2.35亿元。
Next, the IPO was not priced aggressively. The $10.50 IPO price was at the bottom of the range YY's bankers had been looking for. That valued YY at about 5.2 times annualized revenues for 2012, meaning the shares look cheap for a fast growing internet company. Indeed, the share price popped on the first day of trading, rising 7.7%.
其次,IPO定价不算太高。10.50美元的IPO价格处在投行之前所划区间的底端。按这个价格,欢聚时代的市值相当于2012年年化收入的5.2倍左右。对于一家成长迅速的互联网企业来说,显得很便宜。事实上该股交易首日即实现了上涨,涨幅7.7%。
There are concerns. The pre-IPO owners are hanging on to 85.3% of the company, but they control 98.3% of the shareholder vote. The rise in popularity of mobile Internet poses a problem─YY's core competence in online text, voice and video communication is a more obvious fit with PC.
有些问题值得注意。IPO之前的所有者继续持有85.3%的股份,但他们却控制着98.3%的股东表决权。移动互联网的流行也是一个问题──欢聚时代的核心竞争力是在线文字、语音和视频通讯,明显更适合PC。
【欢聚时代在美IPO检验投资者信心】相关文章:
★ 巴菲特投资太阳能
最新
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15