Kokusai Electric IPO Lock-Up - KKR Will Be Tempted by the US$2.7bn Release but Might Have to Wait
As per media reports, KKR is considering sell half its stake in Kokusai, with the company planning to buyback some shares as well. The company has...
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ECM Weekly (8th July 2024) - Japan Cross-Shareholding, Honda, Aisin, Timee, Chenqi, Cirrus, Emcure
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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Aisin (7259 JP): The Current Playbook
The offering will likely be priced on 8 July. Investors who have participated in previous large Japanese placements tend to secure positive returns.
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Honda (7267 JP): A US$3.3 Billion Secondary Offering
Looking at recent large Japanese placements is instructive for understanding the potential offer price. The pricing date will fall between 17 and...
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Honda Motor Placement - Large in Size, Relatively Small in Other Terms
A group of shareholders aims to raise up to US$3.2bn via selling around 5% of Honda Motor (7267 JP). In this note, we talk about the deal dynamics...
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