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 19^th, 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 30^th, 2023, given:

• Decent gains: The stock has moved up more than ~21.25% from its IPO offering price of USD 4.00 per share.
• Interest rate Risk: WBUY is prone to market fluctuations in all the capital markets that the company invests its investments in as the previous year has been a downward trending year for both fixed income and equity markets. Ongoing recession fear in the global market could keep the capital market and money marker quite volatile near-term.
  

*The reference data in this report has been partly sourced from Refinitiv.

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