IPO Update: Molecular Data Readies Plan For U.S. IPO [Seeking Alpha]
Molecular Data Inc. - ADS (MKD)
Company Research
Source: Seeking Alpha
Summary Molecular Data has filed proposed terms for its $69 million U.S. IPO. The firm operates an online marketplace for the chemical industry in China. MKD has grown its marketplace significantly but the firm's revenue growth is decelerating and it is producing significant operating and net losses, so I'll pass on the IPO. Quick Take Molecular Data ( registration statement The company operates an online marketplace for the chemicals industry in China. MKD has done well to grow its gross merchandise value [GMV] marketplace, but the chemical industry’s slowing forecast growth combined with the firm’s slowing growth and negative operating & net results lead me pass on the IPO. Company & nology Shanghai, China-based MKD was founded to develop an online marketplace to enable chemical industry market participants to list, buy, sell, and arrange for transportation and warehousing of industrial chemicals. Management is headed by Founder and Chairman Dr. Dongliang Chang, who has extensive in
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