Autohome Secondary Trading - Strong Retail, Weak Insti Coverage
Autohome raised around US$700m in its secondary listing in Hong Kong. I have covered most aspects of the deal in my earlier note. In this note,...
313 Views
Youzan Technology IPO Quick Look- Great Headline Numbers but Client Growth Is Slow and Churn Is High
Youzan Technology (YT) is looking to list by way of introduction, as its parent China Youzan Limited (8083 HK) aims to distribute its shares in YT...
432 Views
Bilibili Secondary Listing Early Look - Will Probably Be More like JD and NetEase
Bilibili plans to raise around US$3bn in its secondary listing in Hong Kong. The company is said to have filed confidentially in Jan 2021 and is...
421 Views
New Oriental Hong Kong Secondary Trading - Largest ADR/HK Listing Premium Yet
New Oriental Education (EDU US) raised US$1.5bn in its secondary listing. I have covered the background of the deal in my earlier note. In this...
276 Views
GDS Holdings HK Secondary Trading- Strong Coverage but No Discount and Volatile Markets Won't Help
Gds Holdings (Adr) (GDS US) raised around US$1.6bn in its secondary listing in Hong Kong. In this note, I'll talk about the deal dynamics and...
359 Views