D'Alba Global: Financial Investors Could Unload 19% of Shares Once Lockup Ends on 22 June
D'Alba Global has been one of the best performing IPOs in Korea this year. Its share price has risen to 172,5000 won, an increase of 160% from it IPO price.
A total of 19% of outstanding shares of D'Alba Global could start to be sold starting 22 June. That is a lot of shares!
These are likely to put negative pressure on the shares of D'Alba Global. Therefore, we change our view on this company to Negative over the next 6-12 months.
Source: Youtube
D'Alba Global has been one of the best performing IPOs in Korea this year. D'Alba Global's share price has risen to 172,5000 won, an increase of 160% from it IPO price of 66,300 won. Its market cap has risen to 2.1 trillion won. D'Alba Global has also been one of the hottest cosmetics related stocks in Korea this year.
