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
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)
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