Logiq Inc (LGIQ)

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We see a future common stock share price of 3$ upon uplisting to Nasdaq capital markets prior any reverse splits based upon the fundamentals we share with Weylandtech management. As series A funding comes into play share price appreciation will multiply in the coming 12 months. As the company noted last week. Nearest public peers to Weyland Tech include SEA Limited at 12.4x trailing 12-month revenues, Shopify at 38.4x, and Wix at 10.2x. These valuations are supported by significant investments by institutional investors and awareness of their growing market opportunities.

“Given these comparative valuations, our current market capitalization of around $40 million does not appear to reflect our financial performance, the quality of our revenue, and prospects for our growth to accelerate over the coming quarters,” said Suen. “For a valuation more in line with our peers, a 10x multiple applied to our 2019 revenues would mean a valuation of about $350 million—or more than $600 million if you factor in our annualized run rate combined with Push. As we continue to execute on our global expansion plans and raise awareness in the investment community, such as with our planned uplist to Nasdaq, we expect a more favorable valuation to eventually follow suit.”