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/27532" target="_blank" data-smartkarma-citation="entities:27532:1">Zhaogang.com (0941802D HK)</a> is looking to raise US$400m in its upcoming Hong Kong IPO. Proceeds from the IPO are to be used to expand its steel e-commerce trading business, and its ancillary services, as well as for acquisitions, R&amp;D, and general corporate purposes.
Zhaogang operates China's largest steel e-commerce platform and has managed to grow its revenue by almost 3x from FY2015 to FY2017. The company has also recently turned a profit on an adjusted basis. Underlying operating metrics suggest that revenue growth and profit turnaround is supported by strong business fundamentals with repeat customers accounting for almost 80% of the total sales volume of ZG's online platform.
In this insight, we will look at the company's background and business model, analyze its operating metrics and financial performance, and identify comparable listed peer group. We will also include questions for management.

Zhaogang.com (0941802D HK) is looking to raise US$400m in its upcoming Hong Kong IPO. Proceeds from the IPO are to be used to expand its steel e-commerce trading business, and its ancillary services, as well as for acquisitions, R&amp;D, and general corporate purposes.
Zhaogang operates China's largest steel e-commerce platform and has managed to grow its revenue by almost 3x from FY2015 to FY2017. The company has also recently turned a profit on an adjusted basis. Underlying operating metrics suggest that revenue growth and profit turnaround is supported by strong business fundamentals with repeat customers accounting for almost 80% of the total sales volume of ZG's online platform.
In this insight, we will look at the company's background and business model, analyze its operating metrics and financial performance, and identify comparable listed peer group. We will also include questions for management.

Zhaogang.com (找钢) Pre-IPO Review - Impressive Growth Supported by Solid Operating Metrics

China

HC Group Inc. offers business to business electronic commerce services. The Company provides sales platform building services, product information maintenance, and other services. HC Group also offers financial services.

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HC Group (2280 HK)

Zhaogang.com (找钢) Pre-IPO Review - Impressive Growth Supported by Solid Operating Metrics

Zhaogang.com (0941802D HK) is looking to raise US$400m in its upcoming Hong Kong IPO. Proceeds from the IPO are to be used to expand its steel...

Zhen Zhou, Toh

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