In today’s briefing:
- Alchip Technologies GDR Offering – Has Been Riding on an Unwavering Momentum over the past Year
- Hyundai Hyms IPO Bookbuilding Results Analysis
- Amer Sports IPO: Valuation First-Look
- Citicore Renewable Energy Pre-IPO Tearsheet
- Aequitas 2024 Asia IPO Pipeline – US ADRs
Alchip Technologies GDR Offering – Has Been Riding on an Unwavering Momentum over the past Year
- Alchip Technologies (3661 TT) is looking to raise US$415m in its GDR offering. As per the firm, the proceeds from the GDR offering will be used to purchase raw materials.
- Offering 3.7m GDRs, the deal wouldn’t be a very large one for the firm to digest at just 1.6 days of its three month ADV.
- The deal is very well flagged one and momentum on the stock has been very strong.
Hyundai Hyms IPO Bookbuilding Results Analysis
- Hyundai Hyms reported excellent IPO bookbuilding results. IPO price has been determined at 7,300 won per share, which is 16% higher than the high end of the IPO price range.
- A total of 2,099 institutional investors participated in this IPO book building. The demand ratio was 681 to 1. Hyundai Hyms IPO will start trading on 26 January.
- Given the solid upside, we expect investors to push up the share price above the high end of our IPO sensitivity analysis (9,092 won) in the first day of trading.
Amer Sports IPO: Valuation First-Look
- Amer Sports (AS US) is a global iconic sports and outdoor brand group. According to press reports, it has filed for a NYSE IPO to raise at least US$1 billion.
- We previously discussed the IPO in Amer Sports IPO: The Bull Case and Amer Sports IPO: The Bear Case.
- In this note, we present our forecasts and take the first look at Amer’s potential valuation range.
Citicore Renewable Energy Pre-IPO Tearsheet
- Citicore Renewable Energy (CREC PM) is looking to raise around US$200m in its upcoming Philippines IPO. The bookrunners on the deal are UBS, and BDO Capital.
- Citicore Renewable Energy (CREC) is a pure-play renewable energy platform focused on developing and operating renewable energy projects in the Philippines.
- As per Lantau, the firm was the second largest solar energy generator in the Philippines, in terms of installed solar capacity.
Aequitas 2024 Asia IPO Pipeline – US ADRs
- In this note, we will look at the Asia Pacific IPO pipeline for 2024, following up with US ADRs, after having looked at HK, India, Japan and Korea earlier.
- This list has been compiled on a best effort basis from tracking the company filings and through various other sources
- The deals you see in this note are only a part of our full IPO pipeline tracker. Feel free to drop us a message for additional information on these IPOs.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
