Reported 7 months ago
The investment community widely believes that the main reason for the failure of KeKe Ke's IPO was the excessively high offering price. With a P/E ratio of 133 times and no visible growth in performance, investors were reluctant to participate. Facing competition from global giants like Apple Music, Youtube, and Spotify, KeKe Ke struggled to justify its high valuation. Despite a 2.12% revenue growth in the first 5 months of this year, uncertainties remain regarding the source of future revenue growth for KeKe Ke.
Source: YAHOO