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

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

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Invincible Investment / Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/3617" target="_blank" data-smartkarma-citation="entities:3617">Invincible Investment Corp</a> (INV) , a leading Japan Hotel REIT, plans to raise US$329m, in order to fund asset acquisition.</p><ul>
<li>The deal scores slightly above the borderline for participation on our Placement Framework, as valuation category is negatively affected by its relative rich valuation against peers. </li>
<li>The acquisition is accretive and the shares have been trading well since the deal was announced. </li>
<li>The large size of the placement versus ADV remains a key risk to its short term performance.</li>
<li>…</li>
</ul>

Invincible Investment Corp (INV) , a leading Japan Hotel REIT, plans to raise US$329m, in order to fund asset acquisition.
The deal scores slightly above the borderline for participation on our Placement Framework, as valuation category is negatively affected by its relative rich valuation against peers. 
The acquisition is accretive and the shares have been trading well since the deal was announced. 
The large size of the placement versus ADV remains a key risk to its short term performance.
…


Invincible REIT Placement: Earning Accretive, Tourist Exposure, Beware of the Size

Japan

Invincible Investment Corp is a real estate investment trust (REIT) which  invests in securitized real estate products. TGR Investment invests in income  producing residential and office buildings.

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Invincible Investment (8963 JP)

Invincible REIT Placement: Earning Accretive, Tourist Exposure, Beware of the Size

Invincible Investment Corp (INV) , a leading Japan Hotel REIT, plans to raise US$329m, in order to fund asset acquisition. The deal scores slightly...

Ke Yan, CFA, FRM

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52-week Range

Market Cap (USDm)

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