Daily BriefsECM

Daily Brief ECM: IndiaFirst Life Insurance Pre-IPO Tearsheet and more

In today’s briefing:

  • IndiaFirst Life Insurance Pre-IPO Tearsheet
  • Lygend Resources & Technology Pre-IPO Peer Comp – Peers Have Underperformed over the past Year
  • eBay Inc: Acquisition of TCGplayer & Other Drivers

IndiaFirst Life Insurance Pre-IPO Tearsheet

By Ethan Aw

  • IndiaFirst Life Insurance (1083896D IN) is looking to raise about US$250m in its upcoming India IPO. The deal will be run by ICICI, Ambit, BNP, BOBCap, HSBC, Jefferies and JMF. 
  • IndiaFirst Life Insurance (IFLI) Is a private life insurer in India with a product portfolio of retail and group products, ranging across different segments. 
  • The company’s retail product portfolio in India comprises nine participating products, 16 non-participating products (comprising 11 nonparticipating savings products and six non-participating protection products) and four unit-linked products.

Lygend Resources & Technology Pre-IPO Peer Comp – Peers Have Underperformed over the past Year

By Clarence Chu

  • Lygend Resources & Technology (LR HK) is looking to raise about US$600m in its upcoming Hong Kong IPO.
  • Lygend Resources & Technology (Lygend) is a nickel trading and production firm with a portfolio covering multiple areas across the nickel industry value chain.
  • In this note, we look at peers and undertake a peer comparison.

eBay Inc: Acquisition of TCGplayer & Other Drivers

By Baptista Research

  • eBay had a solid third quarter and delivered an all-around beat.
  • The company also completed the tech-led re-imagination in the quarter and met its short-term commitments.
  • Additionally, eBay is attempting to improve the standard and volume of the supply of components and accessories.

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