Daily BriefsECM

Daily Brief ECM: CDP Holding Pre-IPO – Sales Have Grown but Continues to Rake in Losses and more

In today’s briefing:

  • CDP Holding Pre-IPO – Sales Have Grown but Continues to Rake in Losses
  • Rept Battero IPO: Intense Competition and Highly Scaled Competitors Stave Off Profits
  • Aequitas 2023 Asia IPO Pipeline – India, ADRs, Korea, Japan and ASEAN

CDP Holding Pre-IPO – Sales Have Grown but Continues to Rake in Losses

By Clarence Chu

  • CDP Holdings (1782198D CH) is looking to raise up to US$400m in its upcoming Hong Kong IPO. 
  • CDP Holding (CDP) is a human capital management (HCM) service provider.
  • As per CIC, CDP was the No. 1 HCM SaaS+ platform in China in terms of revenue generated from HCM SaaS+ services in 2021.

Rept Battero IPO: Intense Competition and Highly Scaled Competitors Stave Off Profits

By Shifara Samsudeen, ACMA, CGMA

  • Rept Battero is a lithium-ion battery manufacturer focusing on lithium-ion EV battery products and ESS battery products. The company has filed for an IPO on the Hong Kong Stock Exchange.
  • The company had recorded strong growth over all its battery segments and was the fastest growing battery manufacturer among top 10 lithium-ion battery manufacturers in China.
  • However, we find the company’s inability to generate profits at gross profit level concerning.

Aequitas 2023 Asia IPO Pipeline – India, ADRs, Korea, Japan and ASEAN

By Sumeet Singh

  • In this note, we will take a look at the Asia Pacific IPO pipeline for 2023, specifically for India, Asia-linked ADRs, Korea, Japan and ASEAN.
  • 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.

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