Nomura Research Placement - Somewhat Well Flagged, past Deals Have Done Well but Momentum Is Weak
Nomura Holdings (8604 JP) and Jafco Co Ltd (8595 JP) are looking to raise around US$850m via selling 5.7% of Nomura Research Institute Ltd (4307 JP).
520 Views
Skymark IPO – Ready For Takeoff
Skymark's IPO offers investors an interesting play on reopening as its gearing into domestic travel makes it a surer bet than alternatives with...
429 Views
Skymark Airlines Pre-IPO - Highly Leveraged with a History of Bankruptcy
Skymark Airlines (9204 JP) is looking to raise approximately US$218m in its upcoming Japan IPO. In this note, we talk about the company's past...
441 Views
Japan Transport: Japan Airlines (Long) Vs ANA Holdings (Short)
Four major reasons why we like Japan Airlines vs ANA Holdings include: a) better valuations, b) higher EBITDA margins, c) stronger leverage ratios,...
263 Views
Air New Zealand Rights and Possible Shortfall - Delayed Boarding but Its Priced to Fly
Air New Zealand (AIR) aims to raise around US$827m (NZ$1.2bn) via a renounceable rights issue. In this note, we will run the deal through our...
334 Views