BON China's first natural ingredient stock landed on Nasdaq, rose more than 60% in a week, and there is still room for a three-fold increase.
(Source: China’s mainstream financial and economic media.)
BON. According to the company's (BON) report on page 27 of the US Securities Regulatory Commission's FWP document (the screenshot below) on June 11, the company's average price-earnings ratio of comparable companies in the US is 42.2 times. This means that BON's share price should be 24.48 US dollars based on the US industry P/E ratio [0.58 (2020 fiscal year net profit per share) x 42.2 (industry P/E ratio) = 24.48 US dollars]. Therefore, it is not difficult to understand that according to people familiar with the matter, the company's (BON) IPO issuance has exceeded the oversubscription of more than three times, and it is sought after by value investors in the United States.
https://www.reddit.com/r/StockMarket/comments/oenv7u/bon_chinas_first_natural_ingredient_stock_landed/
