KE Holdings/Beike IPO Trading - We Would Be Sellers if It Pops
KE Holdings Inc (BEKE US) (BEKE), a company backed by Tencent Holdings (700 HK), Softbank Group (9984 JP) and Hillhouse, raised around US$2.1bn in...
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Li Auto (理想汽车) Trading Update - No Mention of Hillhouse's Investment
Li Auto Inc. (LI US) raised about US$1.1bn at US$11.50 per share, above the top-end of its IPO price range last night. We have covered the deal in...
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Kingsoft Cloud (KC:US): TikTok Ban in India – Should KC's Shareholders Worry?
Despite ByteDance (1460967D CH) being Kingsoft Cloud (KC US)’s largest customer, contributing for 30%+ of revenue, we believe the TikTok ban in...
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Global Equity Strategy: Stick With Technology
Global indexes remain overwhelmingly positive which is supported by the fact that there is a dearth of breakdowns. Overall our big picture view...
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Dada Nexus (达达集团) IPO Trading - Larger Deal Size with Decent Potential Upside
Dada Nexus (DADA US) raised US$336m at US$16 per share, the mid-point of its IPO price range. The number of ADS sold was upsized by about 27%, to...
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