ENV - Pintec Technology IPO: Growing Revenues At 936% Year-Over-Year
Growing revenues at 936% y/y and selling shares at 4x forward sales, Pintec Technology (PT) seems a stock to be followed after the IPO. The fact that shareholders and business partners showed interest in acquiring ADSs will retain the attention of investors.
The main risks are the facts that the company was incorporated in Cayman Islands and the directors control 78.8% of the total amount of voting power. Investors should keep in mind that the protection of shareholders may not be as large as in the United States.
Source: Prospectus
Some of the