In today’s briefing:
- Johor Plantations IPO Trading – Mediocre Sub Rates, Although Cornerstones Could Provide Stability
- Zhou Liu Fu Jewellery Pre-IPO Tearsheet
- Kelun-Biotech IPO Lock-Up Expiry – Strong Performance Leaves Pre-IPO Investors with Large Gains
Johor Plantations IPO Trading – Mediocre Sub Rates, Although Cornerstones Could Provide Stability
- Johor Plantations Group (2368120D MK) raised around US$156m in its Malaysia IPO. The IPO consisted of both primary and secondary shares.
- Johor Plantations Group (JPG) is an upstream oil palm plantation firm operating predominantly in Johor, Malaysia.
- We have covered various aspects of the deal in our previous notes. In this note, we will talk about the demand and trading dynamics.
Zhou Liu Fu Jewellery Pre-IPO Tearsheet
- Zhou Liu Fu Jewellery Co., Ltd. (1716396D CH) is looking to raise US$200m in its upcoming Hong Kong IPO. The bookrunners on the deal are CICC and China Securities.
- Zhou Liu Fu Jewellery (ZLFJ) is a jewelry company in China with a network of offline stores and online sales channels.
- According to F&S, the firm is ranked among the five largest brands in the Chinese jewelry market between 2017 to 2023 in terms of number of stores in China.
Kelun-Biotech IPO Lock-Up Expiry – Strong Performance Leaves Pre-IPO Investors with Large Gains
- Kelun Biotech (KB) raised around US$170m in its IPO in July 2023, the lockup on its pre-IPO shareholders is set to expire soon.
- KB is a China-based integrated innovative biopharmaceutical company. It has accumulated more than ten years of experience in antibody drug conjugates (ADC) development.
- In this note, we talk about the upcoming lock-up expiry and possible deal dynamics.
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