In today’s briefing:
- Oasis Corp IPO Preview
- Lu DaoPei Medical Group Pre-IPO Tearsheet
- Survival Technology Pre-IPO Tearsheet
Oasis Corp IPO Preview
- Oasis Corp is getting ready to complete its IPO on KOSDAQ in February 2023. Oasis Corp is a leading online/offline provider of organic foods and other groceries in Korea.
- IPO price range is from 30,500 won to 39,500 won, with a total offering amount of 160 billion won to 207 billion won.
- Other than Coupang, the other three companies (bankers’ valuation) may not be appropriate comps, mainly because they operate in different markets around the world and are much bigger in size.
Lu DaoPei Medical Group Pre-IPO Tearsheet
- Lu Daopei Medical Group (1816743D CH) Lu DaoPei Medical Group is looking to raise around US$400m in its upcoming Hong Kong IPO. The bookrunners are CITIC Securities, CMB International, and Macquarie.
- Lu DaoPei Medical Group (LDPM) is a hospital operator focusing on hematology healthcare services.
- As per F&S, the firm was the largest hematology healthcare services provider in China in terms of 2021 revenue.
Survival Technology Pre-IPO Tearsheet
- Survival Technologies (1279515D IN) is looking to raise around US$121m in its upcoming India IPO. The deal will be run by JM Financial, and ICICI Securities.
- Survival Technology (ST) is a contract research and manufacturing services (CRAMS) focused speciality chemical manufacturer in India.
- As per CRISIL, the firm is one of the leading CRAMS companies in India in terms of manufacturing of select chemical products as of Mar 22.
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