APAC IPOs & Placements

Zhen Zhou, Toh

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

<a href="https://www.smartkarma.com/entities/archosaur-games" target="_blank" data-smartkarma-citation="entities:28948:1" rel="noopener">Archosaur Games (ARCH HK)</a>  is looking to raise about US$200m in its upcoming Hong Kong IPO.ARCH is a mobile game developer in China with a focus on mobile (massively multiplayer online role-playing game) MMORPGs. The company is backed by Tencent and Perfect World and has a track record of developing and publishing popular MMORPGs which include Dragon Raja (龙族幻想), Fantasy Zhuxian (梦幻诛仙), and Loong Craft (六龙争霸).

Archosaur Games (ARCH HK)  is looking to raise about US$200m in its upcoming Hong Kong IPO.ARCH is a mobile game developer in China with a focus on mobile (massively multiplayer online role-playing game) MMORPGs. The company is backed by Tencent and Perfect World and has a track record of developing and publishing popular MMORPGs which include Dragon Raja (龙族幻想), Fantasy Zhuxian (梦幻诛仙), and Loong Craft (六龙争霸).

Archosaur Games (祖龙娱乐) Pre-IPO - Short Life Cycle, Volatile Revenue, but It May Look Different Soon

Japan/Asia Long-Short, LightStream Research

Mio Kato

Japan/Asia Long-Short

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Archosaur Games is a developer of mobile games that focuses on MMORPGs for the Chinese market but is gradually expanding overseas and into other genres such as simulation games. Owned 17.5% by Tencent and 23.1% by Perfect World, the company enjoys some strong backing. After analysing the company’s title line-up and strategy however, we have some concerns and we discuss these below.

Archosaur Games is a developer of mobile games that focuses on MMORPGs for the Chinese market but is gradually expanding overseas and into other genres such as simulation games. Owned 17.5% by Tencent and 23.1% by Perfect World, the company enjoys some strong backing. After analysing the company’s title line-up and strategy however, we have some concerns and we discuss these below. 

Archosaur Games – Pre-IPO Analysis Raises Concerns About Top Line Sustainability

Hong Kong

Archosaur Games Inc. operates as a game development company. The Company provides mobile game development, production, marketing, and other services. Archosaur Games markets its products throughout China.

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Archosaur Games (9990 HK)

Archosaur Games (祖龙娱乐) Pre-IPO - Short Life Cycle, Volatile Revenue, but It May Look Different Soon

Archosaur Games (ARCH HK) is looking to raise about US$200m in its upcoming Hong Kong IPO.ARCH is a mobile game developer in China with a focus on...

Zhen Zhou, Toh

Archosaur Games – Pre-IPO Analysis Raises Concerns About Top Line Sustainability

Archosaur Games is a developer of mobile games that focuses on MMORPGs for the Chinese market but is gradually expanding overseas and into other...

Mio Kato

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)