Q: Hi there, with such high interest in Chatterbox ( to be listed on the Bombay Stock Exchange on Oct 3) and with the QYOU being a majority shareholder, how should this affect the QYOU stock price going forward? Keeping in mind that India has banned Tik Tok and that Chatterbox is the "Tik Tok" of India.
Thank you,
KT
Thank you,
KT
5i Research Answer:
A news item on September 30 indicated the IPO was 52-times oversubscribed, with the price at the high end of the expected range. Trading could start tomorrow. However, even with an 82% remaining interest, the value of QYOU's holdings is not hugely significant vs its current market cap. It is an important transaction for the company, but likely already reflected in the fact that market cap has already doubled in the past week on anticipation of the IPO.