APAC IPOs & Placements, Aequitas Research

Clarence Chu

APAC IPOs & Placements

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

Guangdong Archealth Health Industry Group / Equity Capital Markets

Guangdong Archealth Health Industry Group

<ul>
<li>
<a href="https://www.smartkarma.com/entities/guangdong-archealth-health-industry-group" target="_blank" data-smartkarma-citation="entities:39926:1" rel="noopener">Guangdong Archealth Health Industry Group (GAHI HK)</a> is looking to raise around US$100m in its upcoming Hong Kong IPO. The bookrunners on the deal are CICC and ABCI.</li>
<li>Guangdong Archealth Health Industry Group (GAHI) is a digital health management provider.</li>
<li>According to F&amp;S, the firm ranked first in the weight management industry and first in the digital weight management industry in China as per 2022 sales.</li>
</ul>



Guangdong Archealth Health Industry Group (GAHI HK) is looking to raise around US$100m in its upcoming Hong Kong IPO. The bookrunners on the deal are CICC and ABCI.
Guangdong Archealth Health Industry Group (GAHI) is a digital health management provider.
According to F&amp;S, the firm ranked first in the weight management industry and first in the digital weight management industry in China as per 2022 sales.


Guangdong Archealth Health Industry Group Tearsheet

Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

Unisound AI Technology / Equity Capital Markets

<ul>
<li>Founded in 2012, Unisound AI Technology is a Beijing-based pioneer in Artificial General Intelligence (AGI). The company offers easy-to-deploy AI products and solutions in China. </li>
<li>Unisound AI Technology seeks to raise capital for R&amp;D activities, international expansion, and general working capital purposes. The company chose CICC and Haitong to tap capital markets with HK IPO. </li>
<li>I like growing brand recognition, in-house 60B-parameter LLM UniGPT, high growth in the Smart Life segment, and the opportunity to sell self-developed proprietary AI chips in China.</li>
</ul>


Founded in 2012, Unisound AI Technology is a Beijing-based pioneer in Artificial General Intelligence (AGI). The company offers easy-to-deploy AI products and solutions in China. 
Unisound AI Technology seeks to raise capital for R&amp;D activities, international expansion, and general working capital purposes. The company chose CICC and Haitong to tap capital markets with HK IPO. 
I like growing brand recognition, in-house 60B-parameter LLM UniGPT, high growth in the Smart Life segment, and the opportunity to sell self-developed proprietary AI chips in China.


Unisound AI Technology IPO: Speech Recognition AI Unicorn And Developer of LLM UniGPT

Silver Dragon Water Supply Group / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/silver-dragon-water-supply-group" target="_blank" data-smartkarma-citation="entities:39898:1" rel="noopener">Silver Dragon Water Supply Group (2210081D CH)</a> is looking to raise at least US$100m in its upcoming Hong Kong IPO. The bookrunners on the deal are HSBC and Huatai International.</li>
<li>Silver Dragon Water Supply Group (SDW) is principally engaged in the supply of tap water, raw water and pipeline direct drinking water in China.</li>
<li>As per Frost &amp; Sullivan (F&amp;S), the firm had the largest water pipeline network in terms of water pipeline length among all water supply companies in China in 2022.</li>
</ul>



Silver Dragon Water Supply Group (2210081D CH) is looking to raise at least US$100m in its upcoming Hong Kong IPO. The bookrunners on the deal are HSBC and Huatai International.
Silver Dragon Water Supply Group (SDW) is principally engaged in the supply of tap water, raw water and pipeline direct drinking water in China.
As per Frost &amp; Sullivan (F&amp;S), the firm had the largest water pipeline network in terms of water pipeline length among all water supply companies in China in 2022.


Silver Dragon Water Supply Group Pre-IPO Tearsheet

<ul>
<li>
<a href="https://www.smartkarma.com/entities/qiniu-limited" target="_blank" data-smartkarma-citation="entities:39897:1" rel="noopener">Qiniu Limited (1045102D CH)</a> is looking to raise about US$200m in its upcoming Hong Kong IPO.</li>
<li>Qiniu Limited (Qiniu) is a one-stop scenario-based intelligent audiovisual service provider.</li>
<li>According to iResearch, the firm is the third largest audiovisual platform as a service (PaaS) provider in China in terms of FY22 revenue, with a market share of 5.7%. </li>
</ul>



Qiniu Limited (1045102D CH) is looking to raise about US$200m in its upcoming Hong Kong IPO.
Qiniu Limited (Qiniu) is a one-stop scenario-based intelligent audiovisual service provider.
According to iResearch, the firm is the third largest audiovisual platform as a service (PaaS) provider in China in terms of FY22 revenue, with a market share of 5.7%. 


Equity Analyst, LightStream Research

Shifara Samsudeen, ACMA, CGMA

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

<ul>
<li>Mobvoi is a leading AI company with generative AI and voice interaction technologies at the core of its business. The company has filed for an IPO on the HKEx.</li>
<li>Unlike a lot of the AI start-ups, Mobvoi has already begun commercialising its products and services and the company has started generating operating profits in 2022.</li>
<li>The advent of ChatGPT and Midjourney have created a hype for AI. Mobvoi has taken the right decision to go public at the right time.</li>
</ul>


Mobvoi is a leading AI company with generative AI and voice interaction technologies at the core of its business. The company has filed for an IPO on the HKEx.
Unlike a lot of the AI start-ups, Mobvoi has already begun commercialising its products and services and the company has started generating operating profits in 2022.
The advent of ChatGPT and Midjourney have created a hype for AI. Mobvoi has taken the right decision to go public at the right time.


Mobvoi IPO: Right Decision at the Right Time

China

Guangzhou KingTeller Technology Co. Ltd specializes in ATM (Automated Teller Machine)'s research & development, manufacturing, deployment and after-sale services.

Guangzhou Kingteller Technology (002177 CH)

Ningbo Bird Co., Ltd. manufactures and markets cellular phones, pagers, and solar batteries.  The Company sells its products domestically.

Routon Electronic Co., Ltd. manufactures and markets telecommunication electronic products.  The Company's products include IC card payphones, phone bill meters, automatic card vending machines, smart card payphones, and other related products.

Canaan Inc. provides semiconductor solutions. The Company produces custom designed integrated circuit microprocessors for supercomputing hardware. Canaan serves customers worldwide.

Shenzhen Sinovatio Technology Co., Ltd. produces communication products. The Company develops, manufactures, and sells broadband and mobile network, network content security, big data operation, and other related products. Shenzhen Sinovatio Technology also provides product installation, commissioning, training, and other technical services.

Shenzhen Sinovatio Technology (002912 CH)

Wuhan Tianyu Information Industry Company Limited develops, produces, sells and provides services for smart card and related application systems.  The Company's main products are various smart cards including communication smart cards, financial IC cards, city cards, mobile multimedia broadcasting conditional access cards, tax cards, social security cards, fuel cards etc.

Shenzhen Rapoo Technology Company Limited manufactures mouse, keyboards, tools and dies, audio products and accessories, computer games and related peripheral products. The company also develops computer software.

Shandong New Beiyang Information Technology Co., Ltd. researches, develops, and sells thermal printer and scanning products. The Company's products include receipt printers, label printers and other printers.

Shandong New Beiyng Infrmt Tchlgy (002376 CH)

Netac Technology Company Ltd. develops and manufactures flash memory and mobile storage hardware.  The Company's products include USB flash disks, external hard drives, and microcontroller units.  NeTac Technology is based in  Shenzhen, China.

Hengbao Co., Ltd. manufactures and markets magnetic cards, IC cards (SIM cards for telecommunications and IC cards for pay phones). and other card  related pro ducts.

Leadtek Research Inc. manufactures and markets communication equipments, computer and peripheral products, industrial control systems, and toys.  The Company also designs and trades information software.

Axiomtek Co., Ltd. manufactures and markets embedded PCs (Personal Computers), industrial computers, workstations, thin film panel PCs, and networking storage equipment.

E-Investment&Development Co., Ltd. develops and manufactures mobile modules. The Company produces slide hinge module of cellular phone and mock-up for cellular phone.

Netronix Inc. designs, manufactures, and markets modems, LAN (Local Area Network), and home network products.  The Company's products include ethernet cards, routers, hubs, switches, HomePNA (Home Phone-line Networking Alliance) network adapters, and homenet switching hubs.

Shuttle Inc. manufactures and markets computer mainboards, interface cards, audio cards, and variable graphics adapter cards.

TSC Auto ID Technology Company Ltd. manufactures thermal bar code label printers.

CASwell Inc. operates as a networking equipment development company. The Company develops and sells high availability network appliances and other products. CASwell markets its products throughout Taiwan.

Infortrend Technology Inc. develops, manufactures, and markets RAID (Redundant Array of Inexpensive Disk) controllers and other related products.

JCY International Bhd manufactures hard disk drive mechanical components.  The Company produces base plates, top cover assemblies, and antidiscs.

Aten International Co., Ltd. manufactures and markets KVM (Keyboard, VGA monitor, and Mouse) switches, USB (Universal Serial Bus) series, hubs, as well as other related products.

Mobvoi, Inc. develops and markets a mobile speech recognition service application Chumenwenwen. The Company offers voice searching functions for local lifestyle services that are available in its account and covers the fields of catering, group buying, navigation, weather, tourism, and urban transportation. Mobvoi provides its services throughout Japan.

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Mobvoi (2438 HK)

Guangdong Archealth Health Industry Group Tearsheet

Guangdong Archealth Health Industry Group (GAHI HK) is looking to raise around US$100m in its upcoming Hong Kong IPO. The bookrunners on the deal...

Clarence Chu

Unisound AI Technology IPO: Speech Recognition AI Unicorn And Developer of LLM UniGPT

A promising AI unicorn has filed to go public in HK. Beijing-based Unisound AI Technology will benefit by expanding into new industry verticals...

Andrei Zakharov

Silver Dragon Water Supply Group Pre-IPO Tearsheet

Silver Dragon Water Supply Group (2210081D CH) is looking to raise at least US$100m in its upcoming Hong Kong IPO. The bookrunners on the deal are...

Clarence Chu

Qiniu Pre-IPO Tearsheet

Qiniu Limited (1045102D CH) is looking to raise about US$200m in its upcoming Hong Kong IPO. Qiniu Limited (Qiniu) is a one-stop scenario-based...

Clarence Chu

Mobvoi IPO: Right Decision at the Right Time

Mobvoi's decision to go public is at the right time as the invent of ChatGPT has created a hype in the market. Unlike many AI startups, Mobvoi is...

Shifara Samsudeen, ACMA, CGMA

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