RY 169.88 -1.0542% SHOP 144.59 -0.959% TD 77.85 -0.1667% ENB 59.62 -0.5505% BN 78.53 -0.971% TRI 223.92 -0.2495% CNQ 47.03 -0.0213% CP 102.49 -0.5627% CNR 147.77 -0.8787% BMO 131.32 -0.0685% BNS 78.4 0.0255% CSU 4463.7002 0.6222% CM 90.42 0.6344% MFC 44.91 -1.3184% ATD 77.0 -0.7604% NGT 60.01 -0.4149% TRP 68.0 -2.2989% SU 56.965 -0.4282% WCN 260.14 -0.653% L 176.45 0.7135%
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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