ECM Weekly (22nd July 2024) - Kokusai, Honda, ASICS, ZIP, Invincible, Hyundai, Premier, Timee, Sanil
Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.
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Kokusai Electric (6525 JP): The Current Playbook
The offering will likely be priced on 22 July. Investors who have participated in previous large Japanese placements tend to secure positive returns.
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Big Honda (7267) Offering - Flow Timing Matters
The Honda Offering is BIG at ¥500bn but over time, the net overhang is substantially reduced by behavioural expectations, passive buying, a...
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Kokusai Electric Placement Updates - Misbehaving
KKR and KSP Kokusai Investments are looking to raise approximately US$1.7bn through selling a large stake in Kokusai. In this note, we talk about...
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Hyundai Motor India Pre-IPO - Peer Comparison - Doesn’t Stand Out
Hyundai Motor (005380 KS) is looking to raise around US$3bn via listing its India unit, Hyundai Motor India. In this note, we undertake a peer...
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