{"id":13683,"date":"2023-11-07T18:15:26","date_gmt":"2023-11-07T15:15:26","guid":{"rendered":"https:\/\/www.robomarkets.com\/blog\/?p=13683"},"modified":"2024-01-30T17:09:40","modified_gmt":"2024-01-30T14:09:40","slug":"top-3-largest-ipos-scheduled-for-november-2023","status":"publish","type":"post","link":"https:\/\/www.robomarkets.com.cy\/blog\/stock-market\/ipo\/top-3-largest-ipos-scheduled-for-november-2023\/","title":{"rendered":"Top 3 Largest IPOs Scheduled for November 2023"},"content":{"rendered":"\n

Trident Digital Tech Holdings Ltd., Planet Image International Ltd., and EV Mobility Inc. are on the Top 3 list of companies with the largest IPOs by market capitalisation, scheduled for November 2023. In this article, we will explore these issuers’ business models, examine the outlook for their target market, and the details of their scheduled initial public offerings. We will also look at the financial position of these companies, including their strengths and weaknesses.<\/p>\n\n\n\n

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<\/span><\/a>1. IPO of Trident Digital Tech Holdings Ltd – 468.64 million USD<\/span><\/h2>\n\n\n\n

Year of registration<\/strong>: 2011<\/p>\n\n\n\n

Registered in<\/strong>: Singapore<\/p>\n\n\n\n

Headquarters<\/strong>: Singapore<\/p>\n\n\n\n

Sector<\/strong>: technology<\/p>\n\n\n\n

Date of IPO<\/a><\/strong>: 09.11.2023<\/p>\n\n\n\n

Exchange<\/strong>: NASDAQ<\/p>\n\n\n\n

Ticker<\/strong>: TDTH<\/p>\n\n\n\n

Trident Digital Tech Holdings Ltd. works with small and medium e-commerce businesses. It designs solutions for digitising and optimising customer interactions.<\/p>\n\n\n\n

\"Structure<\/a>
Structure of Trident Digital Tech Holdings Ltd owners*<\/em><\/figcaption><\/figure>\n\n\n\n

Investments raised (as at 30.06.2023) amount to 36.34 thousand USD.<\/p>\n\n\n\n

The main investors are Trident Digital Tech Ltd., Trident Group Holdings, Tri Wealth, Soon Tai Lee, and Yat Hong Lo.<\/p>\n\n\n\n

<\/span><\/a>Trident Digital Tech Holdings market assessment<\/span><\/h3>\n\n\n\n

According to a report by Frost & Sullivan, specified by the issuer in its prospectus, the global e-commerce market might be valued at 189.23 billion USD in 2023, possibly reaching 1.59 trillion by 2027. The projected compound annual growth rate from 2023 to 2027 inclusive is 70.2%.<\/p>\n\n\n\n

<\/span><\/a>Financial performance of Trident Digital Tech Holdings<\/span><\/h3>\n\n\n\n

Revenue for 2022: 1.26 million USD, +92.2%<\/p>\n\n\n\n

Net loss for 2022: 1.13 million USD<\/p>\n\n\n\n

Net cash flow (as at 30.06.2023): 3.1 million USD<\/p>\n\n\n\n

Cash and cash equivalents (as at 30.06.2023): 4.0 million USD<\/p>\n\n\n\n

Liabilities (as at 30.06.2023): 11.0 million USD.<\/p>\n\n\n\n

\"Financial<\/a>
Financial performance of Trident Digital Tech Holdings Ltd<\/em>*<\/figcaption><\/figure>\n\n\n\n

<\/span><\/a>Strengths and weaknesses of Trident Digital Tech Holdings<\/span><\/h3>\n\n\n\n

Strengths:<\/p>\n\n\n\n