Selected European Holdcos and DLCs: September ‘22 Report
Discounts to NAV of covered holdcos have mainly widened during September as a result of the bear market. Spreads tend to widen in bear markets but...
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Porsche AG Starts Trading
A lucky day for many: Volkswagen bags €9.8 bn for EV, the Porsches & Pïechs have again (some) direct control over Porsche AG plus a c.€19.05...
255 Views
Porsche AG: IPO Set for Success
Volkswagen sets the price range for the Porsche AG IPO between €76.50 and €82.50. The books are covered several times. Porsche AG will begin...
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CALB IPO - Low-End Appears Reasonable but Will Still Need Some Charging Support
CALB aims to raise up to US$1.7bn in its Hong Kong IPO. In this note, we talk about the deal valuations and run it through our ECM framework.
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Leapmotor IPO - Peers Recent Down Move Won’t Help
Leapmotor (LM) aims to raise around US$1.0bn in its Hong Kong IPO. LM is a smart EV company based in China, founded in 2015. In this note, we run...
340 Views