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

HD Hyundai Heavy Industries  / Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/hyundai-heavy-industries-co-ltd" target="_blank" data-smartkarma-citation="entities:33808:1" rel="noopener">Hyundai Heavy Industries (1748326D KS)</a>  is looking to raise up to US$942m in its upcoming Korea IPO. </p><p>Hyundai Heavy Industries (HHI) is a South Korea shipbuilder. The company is wholly owned by <a href="https://www.smartkarma.com/entities/korea-shipbuilding-offshore-engineering-co-ltd" target="_blank" data-smartkarma-citation="entities:10155:1" rel="noopener">Korea Shipbuilding &amp; Offshore Engineering (009540 KS)</a>  after the latter’s spin-off in 2019.</p>

Hyundai Heavy Industries (1748326D KS)  is looking to raise up to US$942m in its upcoming Korea IPO. Hyundai Heavy Industries (HHI) is a South Korea shipbuilder. The company is wholly owned by Korea Shipbuilding &amp; Offshore Engineering (009540 KS)  after the latter’s spin-off in 2019.

Hyundai Heavy IPO - Sharp 1H21 Recovery Accompanied with a Surge in Costs

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

<div class="content-highlight">
<p>Hyundai Heavy Industries is getting ready to complete its IPO in Korea in September. The IPO price range is from 52,000 won to 60,000 won per share. At the high end of the IPO price range, the IPO offering is 1.08 trillion won ($947 million) in size.</p>
<p>The IPO offering includes 18 million new shares. Korea Shipbuilding &amp; Offshore Engineering (009540 KS) owns a 100% stake in Hyundai Heavy Industries. The book building for the institutional investors starts on 2 September. </p>
</div><ul>
<li>The proceeds from the IPO will be used to invest in the development of eco-friendly technologies to strengthen Hyundai Heavy Industries' future competitiveness.</li>
<li>With this funding, Hyundai Heavy Industries plans to speed up research and development of eco-friendly ships in preparation for the carbon-free era, such as hydrogen/ammonia ships, electric propulsion solutions, and gas ship cargo holds, and to advance AI-based smart ships and autonomous navigation technologies.</li>
<li>In addition, it plans to build a safe and efficient smart shipyard by introducing an intelligent automation system and data-based operating system.</li>
</ul>


Hyundai Heavy Industries is getting ready to complete its IPO in Korea in September. The IPO price range is from 52,000 won to 60,000 won per share. At the high end of the IPO price range, the IPO offering is 1.08 trillion won ($947 million) in size.
The IPO offering includes 18 million new shares. Korea Shipbuilding &amp; Offshore Engineering (009540 KS) owns a 100% stake in Hyundai Heavy Industries. The book building for the institutional investors starts on 2 September. 

The proceeds from the IPO will be used to invest in the development of eco-friendly technologies to strengthen Hyundai Heavy Industries' future competitiveness.
With this funding, Hyundai Heavy Industries plans to speed up research and development of eco-friendly ships in preparation for the carbon-free era, such as hydrogen/ammonia ships, electric propulsion solutions, and gas ship cargo holds, and to advance AI-based smart ships and autonomous navigation technologies.
In addition, it plans to build a safe and efficient smart shipyard by introducing an intelligent automation system and data-based operating system.


South Korea

HD Korea Shipbuilding & Offshore Engineering Co., Ltd. operates as a shipbuilding and offshore company. The Company provides industrial plant engineering, special and naval shipbuilding, marine engine and machinery, industrial machinery and energy services. HD Korea Shipbuilding & Offshore Engineering markets its products worldwide.

HD Korea Shipbuilding & Offshore Engineering (009540 KS)

HD Korea Shipbuilding & Offshore Engineering

Hanwha Ocean Co., Ltd. operates as a shipbuilding and offshore company. The Company provides floating structure construction, steel wire drying, commercial vessels, specialty vessels, gas carrier, tanker, containership, ro ro, bulk carrier, submarine, warship, auxiliaries, cruise ships, and ferries manufacturing services. Hanwha Ocean also offers onshore plants services.

Samsung Heavy Industries Co., Ltd. manufactures crude oil tankers, container vessels, bulk carriers, cruisers, and passenger ferries.  The Company also produces steel and bridge structures, and material handling equipment.  In addition, Samsung Heavy Industries provides civil engineering, architectural, and plant construction services.

Hyundai Rotem Company Ltd. manufactures railroad equipment and defense vehicles. The Company produces high-speed trains, light rail vehicles, locomotives, and passenger coaches, main battle tanks, armored recovery vehicles, and related defense equipment. Hyundai Rotem operates worldwide.

Hyundai Mipo Dockyard Co., Ltd. is shipbuilders in the sectors of medium-sized conventional ships and specialized vessels. The Company constructs and delivers medium-ranged product carriers, chemical tankers, containerships, LPG carriers, pure car truck carriers and others.

Bobcat Company specializes in design, manufacture, marketing and distribution of compact equipment for construction, rental, landscaping, agriculture, grounds maintenance, government, utility, industry and mining.

Hyundai Elevator Co., Ltd. (HELCO) manufactures, installs, sells, and services elevators, escalators, moving walkways, automated parking systems, and material handling systems.  The Company also produces screen doors used on platforms in train stations.

HSD Engine Co., Ltd. is an integrated engine manufacturer specializing in producing diesel engine for large vessels. The Company provides business in diesel power plant construction and operation, engine parts sales, and engine maintenance and repair services.

People and Technology INC is a company manufacturing in Secondary Battery and Semiconductors.

STX Heavy Industries Co., Ltd. manufactures diesel engine components for ships. The Company's products include crank shafts, cylinder liners, turbo chargers, and cargo pumps.

XCMG Construction Machinery Co., Ltd. manufactures and markets a variety of construction machinery including road construction machinery, scrapers, concrete mixers and other related products.

XCMG Construction Machinery A (000425 CH)

Yangzijiang Shipbuilding (Holdings) Limited builds a wide range of ships. The Company produces a wide range of commercial vessels, mini bulk carriers, multi-purpose cargo vessels, containerships, chemical tankers, offshore supply vessels, rescue and salvage vessels, and lifting vessels.

Stanley Black & Decker Inc. is a diversified global provider of hand tools, power tools and related accessories, mechanical access and electronic security solutions, healthcare solutions, engineered fastening systems, and more.

Graco Inc. supplies technology for the management of fluids in both industrial and commercial applications.  The Company designs, manufactures, and markets systems to move, measure, control, dispense, and apply fluid materials.  Graco's products are used for applying paints and coatings, high-pressure cleaning of equipment, and lubricating and maintaining vehicles and other equipment.

Donaldson Company, Inc. manufactures filtration systems and replacement parts. The Company's products include filters and emission control products for heavy duty mobile equipment, in-plant air cleaning systems, air intake systems for industrial gas turbines, and specialized filters for computer disk drives, aircraft cabins, and semiconductors. Donaldson operates around the world.

Nordson Corporation designs, manufactures, and markets systems that apply adhesives, sealants, and coatings to consumer and industrial products during manufacturing operations.  The Company's products include customized electronic controls for the precise application and curing of materials to meet customers' requirements.  Nordson operates around the world.

AGCO Corporation manufactures and distributes agricultural equipment throughout the world.  The Company sells a range of agricultural equipment and related replacement parts, including tractors, combines, hay tools, sprayers, and forage equipment.  AGCO markets its products under a variety of brand names, including Massey Ferguson, AGCO, Tye, GLEANER, and Hesston.

Thermax Ltd manufactures equipment and machinery used to both produce and to conserve energy. The Company operates through a number of divisions, including Boilers, Heat Recovery Steam Generators, Water Treatment Plants and Air Pollution Control Equipment. In addition, Thermax  produces steam and gas turbines and diesel gensets through a number of strategic alliances.

EBARA CORPORATION manufactures pneumatic and hydraulic pumps and related equipment.  The Company's products include fuel, oil, water, and firefighting pumps, as well as steam turbines and boilers.  Ebara Corporation also engineers garbage incinerators, smoke desulfurizers, and other products related to environmental technology.

Minebea Mitsumi manufactures and markets miniature and instrument ball bearings.  The Company also makes DC motors, servo motors, stepping motors, spindle motors, pivot assemblies, rod-end and spherical bearings, fasteners, and computer keyboards. Minebea Mitsumi has production facilities in Thailand and Singapore.

HD Hyundai Heavy Industries Co., Ltd. operates as a shipbuilding company. The Company provides naval shipbuilding, industrial shipbuilding, crude oil tanker, bulk carrier, container carrier, and other related services. HD Hyundai Heavy Industries also offers offshore and engineering, engine and machinery, offshore, industrial, and marine plant services.

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HD Hyundai Heavy Industries (329180 KS)

Hyundai Heavy IPO - Sharp 1H21 Recovery Accompanied with a Surge in Costs

Hyundai Heavy Industries (1748326D KS) is looking to raise up to US$942m in its upcoming Korea IPO. The company is wholly owned by Korea...

Zhen Zhou, Toh

Hyundai Heavy Industries IPO Preview

Hyundai Heavy Industries is getting ready to complete its IPO in Korea in September. The IPO price range is from 52,000 won to 60,000 won per share.

Douglas Kim

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