Tiny Mint Seeks U.S. IPO On Sky-High Valuation

Sep. 09, 2024 2:08 PM ETMint Incorporation Limited (MIMI) StockMIMI
(11min)

Summary

  • Mint Incorporation has filed to raise $7.9 million in a U.S. IPO for its interior design and fitting out business in Hong Kong, PRC.
  • The firm faces intense competition, unpredictable industry growth, and regulatory challenges, with a low-float stock subject to significant volatility.
  • MIMI's financials show growing revenue and cash flow but declining gross margins and operating profits, with minimal marketing expenses.
  • Given the high risks, foreign private issuer status, and sky-high valuation, my outlook is to sell (avoid) the MIMI IPO.
  • Looking for more investing ideas like this one? Get them exclusively at IPO Edge. Learn More »

Luxurious upscale restaurant

Wang ruiping/E+ via Getty Images

Tiny Mint Is Growing, But IPO Valuation Is Sky-High

Mint Incorporation Limited (NASDAQ:MIMI) has filed to raise $7.9 million in an IPO of its Class A ordinary shares, according to an SEC F-1

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This article was written by

20.85K Followers

Donovan Jones is a research specialist with 15 years of experience identifying opportunities for IPOs and public software companies.

He also leads the investing group IPO Edge, which offers actionable information on growth stocks through first-look IPO filings, previews on upcoming IPOs, an IPO calendar for tracking what’s on the horizon, a database of U.S. IPOs, and a guide to IPO investing to walk you through the entire IPO lifecycle - from filing to listing to quiet period and lockup expiration dates.

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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