In today’s briefing:
- Leapmotor IPO Preview
- YH Entertainment IPO – While Smaller than Peers, It Is a Lot Cheaper as Well
- Leapmotor Pre-IPO – PHIP Updates – 6M22 Sales Doing Well, Catching up with the Rest
Leapmotor IPO Preview
- Leapmotor is getting ready to complete its IPO in Hong Kong in the next few weeks, aiming to raise US$1 billion to US$1.5 billion.
- Leapmotor is one of the fastest growing pure play EV companies in China in terms of delivery volume. Leapmotor shipped more than 43,000 EVs in 2021, up 443.5% YoY.
- Leapmotor’s revenue surged from 117 million RMB in 2019 to 3,132 million RMB in 2021. Operating margin improved from -625% in 2019 to -137.7% in 2020, and -91.6% in 2021.
YH Entertainment IPO – While Smaller than Peers, It Is a Lot Cheaper as Well
- YH Entertainment Group (2306 HK) is looking to raise up to US$144m in its Hong Kong IPO.
- YH Entertainment (YHE) is an artist management company in China. Its business covers the entire artist management industry value chain, from auditioning, training, artist operation to artist promotion.
- As per Frost & Sullivan (F&S), YHE was ranked first amongst artist management companies in China with a market share of 1.9%, based on artist management revenue generated in 2021.
Leapmotor Pre-IPO – PHIP Updates – 6M22 Sales Doing Well, Catching up with the Rest
- Leapmotor (LM) aims to raise around US$1.5bn in its Hong Kong IPO. LM is a smart EV company based in China, founded in 2015.
- As of end Jun 22, it had delivered a total of 104,829 cars with most of its sales coming from its mini units, T03.
- In our previous notes, we spoke about the company’s past performance. In this note, we will have a look at its PHIP updates.
💡 Before it’s here, it’s on Smartkarma
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