![](https://wp-static.smartkarma.com/../assets/uploaded/2023/04/DailyBriefTMTInternetMeituanCainiaoSmartLogisticsSocionextandmore.png)
In today’s briefing:
- ECM Weekly (2nd Apr 2023) – Meituan, Rakuten Bank, SBI, Merdeka, ZJLD, Trial Hol, DPC, WCP, MLT
- TRACKING TRAFFIC/Alibaba Logistics Arm CaiNiao May Seek HK IPO Soon
- Socionext Lock-Up – Up 2.67x Since IPO. US$930m Worth of Shares to Be Unlocked
ECM Weekly (2nd Apr 2023) – Meituan, Rakuten Bank, SBI, Merdeka, ZJLD, Trial Hol, DPC, WCP, MLT
- Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
- Alibaba (ADR) (BABA US)‘s restructuring news caused some exiciting in the IPO market this week, with Hong Kong filings picking up as well.
- On the placements front, all eyes remain on Meituan (3690 HK) and whether Prosus (PRX NA) will do a placement.
TRACKING TRAFFIC/Alibaba Logistics Arm CaiNiao May Seek HK IPO Soon
- Alibaba (ADR) (BABA US)‘s multi-faceted logistics unit Cainiao Smart Logistics (1437124D HK) may seek an IPO in Hong Kong before the end of 2023, according to media reports
- In this piece we look at why CaiNiao is being spun off now, what the company actually does (and doesn’t do), what its likely comps are, and more
- CaiNiao is unique, but we can begin to understand its position and its valuation by comparing it to JD Logistics (2618 HK) and S.F. Holding (002352 CH)
Socionext Lock-Up – Up 2.67x Since IPO. US$930m Worth of Shares to Be Unlocked
- Socionext (6526 JP) was listed on 12th Oct 2022, when it raised US$457m in its upsized Japan IPO. Its six-month lockup will expire on 9th Apr 2023.
- Socionext is a fabless semiconductor provider which commenced operations after integrating the system on a chip (SoC) businesses of Fujitsu Semiconductor Limited and Panasonic Holding Corporation in 2015.
- Coming up for six-month lockup expiry are the Development Bank of Japan, Fujitsu and Panasonic, the trio had each trimmed their respective stakes in the IPO.
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