Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

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Equity Capital Markets

Jiayuan International / Equity Capital Markets

Jiayuan International (Jiayuan) plans to raise US$85-145m through an issuance of primary shares in its IPO. The company offers no unique exposure as such, as there are a plethora of China real estate developers listed in Hong Kong to choose from. Moreover the founders entire real estate business isn't being injected in the listco, for reasons that remain far from clear. Pricing at the lower end seems digestible but a negative score on our framework and unconvincing explanations for segregation of private assets inclines us to avoid the deal.

Jiayuan International (Jiayuan) plans to raise US$85-145m through an issuance of primary shares in its IPO. The company offers no unique exposure as such, as there are a plethora of China real estate developers listed in Hong Kong to choose from. Moreover the founders entire real estate business isn't being injected in the listco, for reasons that remain far from clear. Pricing at the lower end seems digestible but a negative score on our framework and unconvincing explanations for segregation of private assets inclines us to avoid the deal.

Jiayuan International IPO - Private Real Estate Is 2x the Size of Business Being Listed

Hong Kong

Jiayuan International Group Ltd is a property developer. The Company develops large-scale residential and integrated commercial buildings.

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Jiayuan International (2768 HK)

Jiayuan International IPO - Private Real Estate Is 2x the Size of Business Being Listed

Jiayuan International (Jiayuan) plans to raise US$85-145m through an issuance of primary shares in its IPO. The company offers no unique exposure...

Sumeet Singh

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)