In today’s briefing:
- 99 Speedmart Holdings IPO – Continued Expanding Its Network. Sales and Earnings Kept Up
- ECM Weekly (19th Aug 2024) – Midea, China Res, WeRide, FirstCry, ACME, Gadgil, 99 Speed, Hind Zinc
99 Speedmart Holdings IPO – Continued Expanding Its Network. Sales and Earnings Kept Up
- 99 Speed Mart Retail Holdings (99SPD MK) is looking to raise US$530m in its Malaysia IPO. The IPO will be a mix of primary and secondary shares.
- 99 Speed Mart Retail Holdings (99 Speedmart) operates the “99 Speedmart” chain of mini-market outlets, retailing daily necessities across Malaysia.
- In our previous note, we looked at the firm’s past performance. In this note, we look at the updates since.
ECM Weekly (19th Aug 2024) – Midea, China Res, WeRide, FirstCry, ACME, Gadgil, 99 Speed, Hind Zinc
- Aequitas Research’s weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.
- On the IPO front, BrainBees contiued along Ola Electric‘s path, ensuring that India’s ECM wave will continue, for now.
- Once again there was only one placement this week, that too in India, just like the week before.
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