$DQ going to pop!! It’s China listing today up +184% valuing it at $18bn; whereas ADR line $DQ valuing at $5.8bn only! Simple valuation arbitrage
Today's price action in China listing:
Market Cap at 117.6bn CNY == $18bn USD
$DQ holds 80% of the China listing ==> $18bn*0.8 = $14.4bn
$DQ holds $14.4bn of China listing but it's value as of yesterday's close is $5.8bn!
If the valuation gap closes, the stock should price roughly at $200!!
Submitted July 22, 2021 at 12:30PM by WinterCondition58
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