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Investment Performance Case Study
COVER Corp.
Welcome to the Investment Performance Case Study of COVER Corp., which follows our clients' journeys of investing in COVER Corp. between 27th Mar, 2023 and 5th Apr, 2023, during which the recorded share price produced a gain of 91%.
TSE:5253
Introduction
COVER Corp. is the entertainment powerhouse behind "hololive production," a group of hugely popular virtual YouTubers (VTubers). Their talents stream games, music, and live content using anime avatars, drawing millions of fans globally. The IPO capitalized on the booming VTuber and metaverse trend.
The COVER Corp. Investment Case
COVER Corporation is a Japanese digital entertainment and technology company best known for operating hololive production, a global virtual entertainment and VTuber platform. Its business combines digital content, intellectual property, merchandising, licensing and live entertainment.
The Transaction
COVER entered the Tokyo Stock Exchange Growth Market on 27 March 2023. The study records an entry value of approximately ¥750 per share.
Investment Outcome
By 5 April 2023, the recorded value had increased to approximately ¥1,434 per share. This represents an increase of approximately 91.2% in the study period and reflected strong early public-market interest in the company's digital entertainment model and intellectual property portfolio.
- Event: Initial Public Offering
- Exchange: Tokyo Stock Exchange
- Study Period: 27 March 2023 – 5 April 2023
- Entry Price: approximately ¥750
- Outcome Price: approximately ¥1,434
Case Overview
| Company Name : | COVER Corp. |
|---|---|
| Sector : | Production |
| Event Type : | IPO |
| Buy Advice : | 2023-03-27 |
| Sell Advice : | 2023-04-05 |
| Buy Price : | 750.00 (JPY) |
| Sell Price : | 1434.00 (JPY) |
| Profit(%) : | 91% |
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