ECM Weekly (15th Oct 2023) - Kokusai, J&T, Ecopro, Thai Credit, Lalatech, Barito, Rakuten, Zomato
Aequitas Reserach puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
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Kokusai Electric (6525 JP): The Current Playbook
The offering will likely be priced on 22 July. Investors who have participated in previous large Japanese placements tend to secure positive returns.
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Toyota Cross-Shareholding - To Say a Whole Lot Is Left Would Be a US$26bn Understatement
Toyota, Toyota Industries and Denso are tag teaming to unwind some of their stake in Aisin, in a deal worth over US$1bn. While the timing of the...
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2 Rakuten Subsidiaries' Listings Run Counter to the Dissolution of Parent-Subsidiary Listings
I would like to discuss the July 5 Nikkei article, "Rakuten Group, which has a sluggish cell phone business, to improve its finances by listing a...
248 Views
July TOPIX FFW Rebal - Update With 2 Days To Go on $3bn a Side
The TOPIX July FFW rebalance has gone "right way" so far. But it hasn't been huge, and it has been a better basket trade than single stock trade.
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