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Update: Sold most of my Anycolor at market open today and switched to COVER Corp. Same exact business. IPO'd yesterday. Bought in @ 1350-1400 ish JPY valuing it at 88 billion JPY vs 200 b for Anycolor. Over 2x gap in price despite being similar sized audiences. Anycolor's advantage is more diversified smaller talent, but COVER has more total subscribers. COVER isn't as profitabel as they waste some $ on Metaverse nonsense, but the gap in price is too big. I think it converges.

English presentaiton materials for anyone interested.

https://cover-corp.com/ir/news/230327_5253_COVER_Materials_for_Growth_Opportunities_and_Strategies.pdf

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Anycolor's only major competitor/peer Cover Corp (Hololive) filed for IPO in Japan. Pricing should be done in late March. Excited to see how they price and would love to own if its priced anywhere near Anycolor in valuation (p/e wise). I'm bullish on this entire new media sector (especially at these prices).

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what do you think of their secondary share offering ?

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