RY 172.7 -0.1792% SHOP 152.38 -3.7762% TD 74.49 -0.4144% ENB 58.66 0.2906% BN 80.21 0.2124% TRI 235.76 -0.7034% CNQ 42.27 -1.3305% CP 102.81 -2.4851% CNR 145.02 -0.9426% BMO 139.15 0.5855% BNS 77.045 -0.149% CSU 4497.2998 0.6756% CM 92.23 -0.335% MFC 43.28 0.8858% ATD 79.0 -1.1882% NGT 53.35 -1.8038% TRP 65.26 0.215% SU 49.61 -1.411% WCN 251.65 -0.2181% L 191.14 0.1205%
Company Overview
WEBUY GLOBAL LIMITED (WBUY) is an emerging Southeast Asian e-commerce retailer with a focus on groceries and travel. They operate within the broader e-commerce industry, which involves online transactions, supply chain management, electronic fund transfers, marketing, and more. Additionally, WBUY specializes in community e-commerce, connecting like-minded social media users within platforms like Facebook, Instagram, and TikTok to create online community groups.
Initial Public Offering
The company had launched its IPO on October 19th, 2023, under the ticker WBUY and had sold approximately 3,800,000 shares at USD 4/share. We had covered this IPO in our ‘Kalkine IPO Report’ on September 25, 2023, and had concluded that this IPO was “Attractive” given its financial performance of the company, increased revenue and net income, industry analysis, use of proceeds, and associated risks.
Conclusion
Investors who have invested into this IPO can consider ‘Exiting’ from their position at the current price of USD 4.85 as on October 30th, 2023, given:
*The reference data in this report has been partly sourced from Refinitiv.
Disclaimer
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