Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

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

China Bright Culture Group / Equity Capital Markets

<p>China Bright Culture, a second tier TV program production company in China, is raising up to USD 150 million via an IPO in HKSE. </p><p>The company’s revenues largely depend on the success of its TV program. It had success in its first production Hello Food and the latest Hey! Let’s Sing but the viewership varies accross its productions. It has also built up a strong production pipeline ahead of its listing. </p><p>Despite its effort of building a pipeline, the regulatory environment is not favorable for TV program production companies recently. </p><p>The company is mainly held by individual shareholders. Shareholding is also highly concentrated in the founder Mr. Liu’s hand. </p><p>The company will remain a small second tier TV production company in a fragmented market despite a strong production pipeline. We think the company could be valued at USD 235 million on the optimistic side.</p><hr><div><p>If you have not read our 2019 IPO Analytic Series, please have a look:</p></div><div><div><h2>Aequitas Research 2019 IPO Analytics</h2></div></div><div><ul>
<li><a href="https://www.smartkarma.com/insights/aequitas-2019-ipos-and-placements-performance-things-we-got-right-wrong-and-things-we-plan-to-do" target="_blank" rel="noopener">Aequitas 2019  IPOs and Placements Performance - Things we got right/wrong and things we plan to do</a></li>
<li><a href="https://www.smartkarma.com/insights/2019-hong-kong-ipo-analytics-highlight-of-brokers-and-sectors-performance" target="_blank" rel="noopener">2019 Hong Kong IPO Analytics: Highlight of Brokers’ and Sectors’ Performance</a></li>
<li><a href="https://www.smartkarma.com/insights/2019-hong-kong-ipo-analytics-how-did-insti-and-retail-coverage-impact-deal-performance" target="_blank" rel="noopener">2019 Hong Kong IPO Analytics: How Did Insti and Retail Coverage Impact Deal Performance</a></li>
</ul></div>

China Bright Culture, a second tier TV program production company in China, is raising up to USD 150 million via an IPO in HKSE. The company’s revenues largely depend on the success of its TV program. It had success in its first production Hello Food and the latest Hey! Let’s Sing but the viewership varies accross its productions. It has also built up a strong production pipeline ahead of its listing. Despite its effort of building a pipeline, the regulatory environment is not favorable for TV program production companies recently. The company is mainly held by individual shareholders. Shareholding is also highly concentrated in the founder Mr. Liu’s hand. The company will remain a small second tier TV production company in a fragmented market despite a strong production pipeline. We think the company could be valued at USD 235 million on the optimistic side.If you have not read our 2019 IPO Analytic Series, please have a look:Aequitas Research 2019 IPO Analytics
Aequitas 2019  IPOs and Placements Performance - Things we got right/wrong and things we plan to do
2019 Hong Kong IPO Analytics: Highlight of Brokers’ and Sectors’ Performance
2019 Hong Kong IPO Analytics: How Did Insti and Retail Coverage Impact Deal Performance


China Bright Culture (煜盛文化) Pre-IPO: Unfavorable Regulatory Environment

China

China Bright Culture Group operates as an independent producer of variety programs. The Company develops, markets, produces, and distributes video content including variety programs and drama series. China Bright Culture Group also develops media platforms including TV networks and online video platforms.

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China Bright Culture Group (1859 HK)

China Bright Culture (煜盛文化) Pre-IPO: Unfavorable Regulatory Environment

China Bright Culture, a second tier TV program production company in China, is raising up to USD 150 million via an IPO in HKSE. The company’s...

Ke Yan, CFA, FRM

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52-week Range

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