Tian Tu Capital Pre-IPO - The Positives - Growing Its AUM and Committed Capital
Tian Tu Capital (1390587D CH) is looking to raise US$300m in its upcoming Hong Kong IPO. Tiantu Capital (TTC) is a private equity/venture capital...
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ATRenew: A Turnaround Story With Material Increase in Profit Margins + Remaining Share Buyback
Our base case valuation analysis of ATRenew suggests an implied market cap of US$720 million, representing an implied price of US$3.15 per share,...
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Daiei Kankyo IPO - Final Thoughts on Valuation
Daiei Kankyo (9336 JP) (DK), a waste management company, aims to raise around US$314m in its Japan IPO. In this note, we talk about valuations.
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FSN E-Commerce (Nykaa) Lockup Expiry - US$2.5bn Unlock with a Very Scattered Shareholding
In Nov 2021, Nykaa raised around US$720m in its India IPO, via mostly selling secondary shares. Stock worth US$2.5bn will soon come free from the...
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ECM Weekly (10th Apr 2022)- LIC, GoTo, Shieldus, One Store, China ADRs, Air NZ, Chrysos, Zhihu
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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