ECM Weekly (12th Nov 2023)-Renesas, Bajaj, Alchip, Hybe, Will, Wuxi, ChaPanda, Chenqi, Cello, Honasa
Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
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Renesas Clean-Up Block Trade - Overhang Out of The Way And Time To Own Again
INCJ has sold the last of their Renesas. 30mos ago they had 32%. Now they have none. The market has absorbed 60% of the selldown. I expect Renesas...
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Renesas Electronics (6723 JP): INCJ Clean Up; Index Buying Smaller than Expected
INCJ is exiting Renesas by selling the last of its holding. This will remove an overhang but limited passive buying and increased shares in...
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Renesas Electronics Placement - Well Flagged US$1.8bn Deal, Accelerated but Index Flows Should Help
INCJ aims to raise around US$1.8bn via a secondary sell-down in Renesas Electronics (6723 JP). This will be a clean-up trade as INCJ has been...
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Toyota Cross-Shareholding - To Say a Whole Lot Is Left Would Be a US$26bn Understatement
Toyota, Toyota Industries and Denso are tag teaming to unwind some of their stake in Aisin, in a deal worth over US$1bn. While the timing of the...
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