/biz/ - Business & Finance

>>49470163
What?
Could you explain a bit more?
I watched Hololive until the Taiwan incident, but Nijisanji didn't look like a good investment.
Do you have metrics on their profits and the reason for this IPO?

It would probably be a good idea to short it after the initial hype dies down.
I can't trade a unique candle...
That's even worse gambling than holding Luna.

>>49470288
>Do you have metrics on their profits
only just this previous financial year they start to turn a profit in a big way.

if you have sumatraPDF you can copy paste from their IPO prospectus into machine translate and then try to figure out which column is which..
I will try to find document preasu understand

http://www.tokyoipo.com/top/en/index.php?id=post&seqid=2899&j_e=E
Apr 2022 FY profit: ~$15,335,531 USD
these numbers are pretty good. Let's see how they do in post-covid though
>>49470288
>the reason for this IPO?
Because they've done two seed rounds previously and the VCs want to start to be able to sell off, basically. Selling to public (via listed stock) is obviously a good idea for the best price.

>>49470556
At what price did the VCs buy if they want to dump on retail?

There is currently a high inflation incoming to Japan which may impact the purchasing power of the fans from the country.
The last number would give them a PER of 35-36.
Tech stocks on the Nasdaq are currently getting annihilated.
Wouldn't that affect this too?


Statistically the majority of IPOs are sold too high and cause losses when bought in the initial phase.
The question is if the vtubers can shill their own stocks to their fans to pump it.

AHEM
FUCK NIJINIGS
THAT IS ALL

Oh no no no holosisters don't look...

If you are good at running shit through deepL, here is the IPO share prospectus.
https://www.jpx.co.jp/listing/stocks/new/nlsgeu000006da6d-att/06ANYCOLOR-1s.pdf

>>49470772
>At what price did the VCs buy if they want to dump on retail?
HAHAHAHA well, according to my calculations...
https://prtimes.jp/main/html/rd/p/000000136.000030865.html
https://www.crunchbase.com/organization/ichikara/company_financials
I couldn't find actual figures for seed round but we have for series A and B rounds..
approx 17,182,000 shares not owned by CEO, CFO or employees. Based on prospectus figure of CEO div by % shareholding for total shareholding then multiply by remainder % shareholding, less CFO, employee holdings.
We are told at least 3bn JPY of funding, so take that divided by 17,000,000 equals approx share worth of 175JPY per share.
Lets say that Seed round was more, say total funding was 5bn. That's still like 300 yen per share. A pittance to what it is trading at now. Given those seed and A+B rounds are still restricted from trading (largely), you tell me whether it's overblown lol

Some more info
https://thebridge.jp/en/2022/04/anycolor-files-for-ipo
>Led by CEO Tazumi (43.11%), the company’s major shareholders include LC Fund (a fund of China’s Legend Capital, 10.29%), HODE HK (Hong Kong-based subsidiary of Chinese video giant Bilibili, 7.34%), Skyland Ventures (6.91%), Sony Music Entertainment (5.14%), Ken Honda (Founder of Freakout Holdings, 4.61%), Shinya Tsurui (Anycolor’s CFO, 3.00%), and Influencer Investment Holdings (subsidiary of Adways, 3.50%).

>>49470163
How do I invest in this which trading platform is it on?
One thing to note though it has a. 300m m.cap which is really high for a media company, that has better competition

>>49470163
Where buy japanese stocks if you're not in japan, preferably with leverage.

>>49471550
ibkr. you have to turn on permission for trading on the tse

I don't normally do stocks, is this what usually happens for an IPO?

>>49473996
What about it? strong open possibly indicates hype from public who weren't able to get into the IPO. It should be pretty volatile for several days.
The 11:30 onwards weirdness is because prease understandu, Japanese salaryman/daytrader get very hungry, stock exchange goes on mandatory lunch break from 11:30 to 12:30pm

I hate to link shitness jizzsider, even the jap one, but this is interesting
https://www.businessinsider.jp/post-255195
>AT THE TIME OF LISTING, THE LOCK-UP PERIOD STIPULATED BY MAJOR SHAREHOLDERS IS 180 DAYS. (2022/06/09 10:25)
Dumpening in 6 months time, but until then expect naive niki to boost the price wildly..

Buy puts on desuwa.

>>49474455
Imagine front running the VCs and shorting before they can sell.
Wouldn't that be fun?

>>49470163
Anycolor is going to be a weird stock because fans might buy it like merch rather than an investment. Hololive would be exactly the same way. I can envision people buying the stock just to own a share of their oshi's company. "Core" vtuber fans have high levels of engagement and brand loyalty.
In general I think they're being outcompeted overall by Hololive these past 2 years or so despite whatever is going on with the Salami desu wa lady. On the other hand, I'd say Hololive is in a bit of a slump period with some key talent out sick, on leave, or reducing their streaming frequency.

>>49474105
trading was also halted after lunch because it hit market cap

if you bought it at ipo price you would be 400% up right now.

>>49477832
the market closed you retarded vtumor

>>49477859
doesn't the bookmaker/underwriter pocket the difference between the offering price (1530) and the opening price (4810)?

>relying heavily on youtube to basically bankroll your entertainment company
This sounds like a big fucking red flag. A simple Youtube TOS change will wipe out their business model

>>49478220
sorry I meant underwriting and offering/opening price.
IPO explains page 6/168
>1 [Shares to be offered (underwritten and sold by the Underwriters)]
>The shares will be sold at an underwriting price to be determined on 31 May 2022, to the financial instruments dealers set out in "2 Conditions of the Offering (the "Underwriters") who will enter into a primary underwriting agreement with the Company.
>The Underwriters will make a secondary offering at a price that differs from such underwriting price (the selling price, the same price as the issue price).
>The Underwriters will pay the total amount of the underwriting price to the Sellers on the share delivery date, and the Underwriters will purchase the shares at the same price as the underwriting price.
>The difference between the underwriting price and the total selling price in the offering by way of underwriting by the Underwriters will be the proceeds of the Underwriters.
>The Seller will not pay any underwriting fee to the Underwriters.
So the Sumitomo group that did the underwriting will take the winnings.

>>49478369
The japanese learned that lesson years ago with UUUM whose 57% revenue depended on adsense and crashed when payouts were slashed. Anycolor stated in their slides that YouTube is only part of their income and they have merchandising, advertising and event sales as a significant but alternative revenue source made possible by IP ownership of the vtubers "character".