Discover and read the best of Twitter Threads about #zomatolisting
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However, despite all this, Zomato’s valuation grows from $ 3 BN to 8.6 BN in 18 mths. Now that’s an innovation at Zomato that I’m not willing to pay for. I’m sure they’ll find many who would like to own “fools gold”. I’ll pass.
Zomato listing – Follow up:
So what does an analyst do when listing surprises everyone. Well, he digs more.
At PE of 350, #ZomatoIPO beats DoorDash of US hands down. And we thought DoorDash is overpriced at PE of 143. Is it pricey?
So what does an analyst do when listing surprises everyone. Well, he digs more.
At PE of 350, #ZomatoIPO beats DoorDash of US hands down. And we thought DoorDash is overpriced at PE of 143. Is it pricey?
Hell yes, it is VERY pricey. And if possibilities are immense, why did sales stay flat for last 3 yrs? What did we miss here? Takes us to the listing dynamics & why most stocks decline post listing pop phenomenon. Let's see some details.
