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Important Disclosure: Investors should be aware that Nilzon Capital may have a conflict of interest that could affect the objectivity of the firm. Investors should not consider Nilzon Capital report as a factor in making their investment decision and should not consider it as an investment advice. All the information contained herein is based upon publicly available information and has been obtained from sources that Nilzon Capital believes to be reliable and correct at the time of issue of this report. However, such sources have not been independently verified by Nilzon Capital and/or its affiliates and this report does not purport to contain all information that a prospective investor may require. The opinions expressed herein are Nilzon Capital’s present opinions only and are subject to change without prior notice.
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Update 4 December: We fixed a minor typo on page 17, from previously "Tokopedia Acquisition at 17.97x EV/Revenue" to "Tokopedia Acquisition" only.
