China ADRs Secondary Listing - Pipeline Looks Rich, Have Three Years to Move
2020 saw nine companies undertake a secondary listing in Hong Kong, to together raise over US$16bn. We shortlist remaining candidates and look at...
Cloopen Group IPO: Valuation First Look
Cloopen is set to open its books to raise $500 million. In this note, we outline our forecasts and take the first look at Cloopen's potential IPO...
Kuaishou IPO: Is It Worth Twice the IPO Price?
Kuaishou's grey market price has hit HK$250 per share, slightly more than 2x the IPO price of HK$115. Our analysis suggests that this valuation can...
Smartkarma Originals