Erik Isakson
Background
Nebius Group (NASDAQ:NBIS) published a press release on Thursday announcing that its stock will resume trading on NASDAQ on Monday, October 21st. On Friday, the company released an updated presentation of its business. As
Nebius Group: A Positive View Before The Resumption Of Share Trading
Summary
- Nebius Group's stock will resume trading on NASDAQ on October 21st. As the company published the updated presentation of its business, I updated my valuation.
- As a result, I keep my positive view on the company's business prospects, but I slightly decrease my Nebius's fair share price from $23.6 to $23.
- I expect high volatility in the company's share price in the first days of trading.
- Despite this, I have no plans to sell my Nebius's shares and plan to increase my position if the Nebius share price falls below $10.
I am the head of research for the pre-IPO and venture division of the investment bank. Prior to that, I have been working as a global equity research analyst in an investment bank for the past 5 years. My specialization are Biotechnology, Internet and Media. I Received my CFA Charter in 2017. Also, I am FRM Charter. Besides, I am the author of the Russian-language Telegram-channel (the link in the section Website URL).
Analyst’s Disclosure: I/we have a beneficial long position in the shares of NBIS either through stock ownership, options, or other derivatives. 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.
This is not investment advice. I am not an investment advisor. Before making any investment, please do your own research!
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