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

<a href="https://www.smartkarma.com/entities/jy-grandmark" target="_blank" data-smartkarma-citation="entities:28440:1" rel="noopener">JY Grandmark (2231 HK)</a> (JYG) is looking to raise up to US$186m in its IPO. JYG is a young property operator, and property management service provider in China focused on building  eco-friendly and people-oriented properties. The company targets homeowners who are looking to upgrade their house, or buying it as a second home or even a vacation home.Revenue has grown strongly, at 44% CAGR from FY2016 to FY2018 while margins have expanded over the same period. Contracted sales has demonstrated strong CAGR of 59.7% while contracted GFA grew by 62% QoQ, as of 30th September.However,  the company has been heavily reliant on the founders’ connection to Agile Group to kick start the business. It streamlined its business by selling a piece of land in Hong Kong to the founder’s father and injected the hotel business from <a href="https://www.smartkarma.com/entities/agile-property-holdings-ltd" target="_blank" data-smartkarma-citation="entities:15784:1" rel="noopener">Agile Property Holdings (3383 HK)</a>

JY Grandmark (2231 HK) (JYG) is looking to raise up to US$186m in its IPO. JYG is a young property operator, and property management service provider in China focused on building  eco-friendly and people-oriented properties. The company targets homeowners who are looking to upgrade their house, or buying it as a second home or even a vacation home.Revenue has grown strongly, at 44% CAGR from FY2016 to FY2018 while margins have expanded over the same period. Contracted sales has demonstrated strong CAGR of 59.7% while contracted GFA grew by 62% QoQ, as of 30th September.However,  the company has been heavily reliant on the founders’ connection to Agile Group to kick start the business. It streamlined its business by selling a piece of land in Hong Kong to the founder’s father and injected the hotel business from Agile Property Holdings (3383 HK) 

JY Grandmark (景業名邦) IPO - New Player but Probably Doesn’t Deserve a Premium

China

JY Grandmark Holdings Limited offers real estate services. The Company provides real estate development, property management, property leasing, and other services. JY Grandmark Holdings provides its services throughout China.

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JY Grandmark (景業名邦) IPO - New Player but Probably Doesn’t Deserve a Premium

JY Grandmark (2231 HK) (JYG) is looking to raise up to US$186m in its IPO. JYG is a young property operator, and property management service...

Zhen Zhou, Toh