In today’s briefing:
- Could US Lawmakers Actually Stop SHEIN’s US IPO? No, But They Sure Could Make Things Difficult
- REPT BATTERO Energy IPO Trading – Needs to Correct by 20-30%, at Least
- Octillion Energy Holdings Pre-IPO Tearsheet
Could US Lawmakers Actually Stop SHEIN’s US IPO? No, But They Sure Could Make Things Difficult
- Since SEC operates in US executive branch, Congress lacks power to stop IPOs
- But by passing new laws, Congress could potentially undermine SHEIN’s IPO
- Given current political climate in the US, SHEIN IPO faces real political risks
REPT BATTERO Energy IPO Trading – Needs to Correct by 20-30%, at Least
- REPT BATTERO Energy (REPT) raised around US$270m in its Hong Kong IPO.
- REPT is a lithium-ion battery manufacturer in China, focusing on R&D, production, and sales of EV/ESS lithium-ion battery products such as battery cells, modules and packs.
- We have covered various aspects of the deal in our previous note. In this note, we will talk about the demand and trading dynamics.
Octillion Energy Holdings Pre-IPO Tearsheet
- Octillion Energy Holdings (OE HK) is looking to raise US$400m in its upcoming Hong Kong IPO.
- Octillion Energy Holdings (OE) primarily designs, manufactures and markets tailor-made battery systems for electric vehicles (EVs), and to a lesser extent, electric storage systems (ESS) and battery management systems (BMS).
- As per F&S, OE had a 9.6% market share and was ranked the third largest EV battery system provider for passenger battery EVs (BEVs) in China by FY22 shipment units.
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