We Challenged a CEO Before His IPO… Here’s What Happened [Chills 262, Sponsored by Kin Global]

What if I told you a company went from $8M to $56M revenue in a year…
…and now wants to IPO?

Sounds impressive?

Today, we’re putting Kin Global’s CEO, Vincent Chai, in the hot seat to break down the real story behind their upcoming IPO, and what investors need to know before jumping in.

From delivering major international sports events to expanding into large-scale experience design, the company is making bold moves. But with rapid growth comes even tougher questions.

What We Cover:

• The real reason behind the jump from $8M to $56M revenue
• Customer concentration, whether the business is too dependent on a few clients
• A major pivot into design & build and what it means for future growth
• The strategy behind event tourism and recurring revenue
• Plans to move into IP ownership and why it matters
• Margins, scalability, and the reality of project-based businesses
• Key risks investors often overlook

Why You Should Watch:

If you’ve ever:

• Considered investing in IPOs
• Wondered how event businesses actually make money
• Wanted to understand what really drives rapid growth

This episode breaks it down without the fluff.

Watch till the end because the most important insight might change how you look at IPOs completely.

What We Discuss:

•  02:00 - How did you manage to 5X growth in just one year?
• 09:30 - 75% of revenue from one customer, is this a problem?
• 17:14 - Why isn’t revenue more diversified across customers?
• 17:30 - Will margins compress over time due to tender competition?
• 18:50 - How will you develop and monetise IP?
• 21:00 - What does normalised earnings look like going forward?
• 21:55 - Was growth driven by one big project or multiple contracts?
• 24:15 - What does your future deal flow look like?
• 28:30 - Did growth come from new projects or expansion of existing ones?
• 29:10 - If founders step back, what capabilities remain in the company?
• 29:30 - Can the business stand without personal guarantees after IPO?
• 31:50 - Will guarantees shift to company-level borrowing?
• 32:30 - What is your cost of capital as you scale?
• 33:35 - Are you borrowing for growth or just performance bonds?
• 36:25 - How did the company survive COVID and what was cash flow like?
• 38:10 - What IPs are you targeting for acquisition?
• 42:30 - How are you using AI to improve efficiency and growth?
• 46:08 - What is the IPO P/E ratio?
• 46:20 - What is your dividend policy? 

This video is for information purposes only and does not constitute or form part of any offer or invitation for sale or subscription of or solicitation or invitation of any offer to or recommendation to buy or subscribe for any securities. Any person wishing to subscribe for and/or acquire any securities in Kin Global Limited will need to make an application in the manner set out in the Offer Document dated 14 April 2026 registered by the SGX-ST, acting on behalf of the Monetary Authority of Singapore. You are responsible for your own investment choices. A copy of the Offer Document is available on the SGX-ST’s website, https://www.sgx.com. Copies of the Offer Document and the Application Forms may also be obtained on request, subject to availability during office hours, from SAC Capital Private Limited at 1 Robinson Road, #21-01 AIA Tower, Singapore 048542. Please refer also to the disclaimers at 00:00 - 00:04 of the video for more information.  

Episode Resources:

• Spotify
• YouTube
• Apple podcast

New episodes every Thursday