In today’s briefing:
- Sensetime Placement – Seems Highly Opportunistic
- Muthoot Microfin Lockup Expiry – Pre-IPO Investors Well in the Money Despite the Stock’s Performance
- Hyundai Motor India: Can It Thrive Amidst a Rapidly Evolving Mobility Landscape?
- Tamboran Resources US Offering – Strong Recent Momentum but CDIs Have Been Volatile Since Listing
Sensetime Placement – Seems Highly Opportunistic
- SenseTime Group (20 HK) aims to raise up to US$263m via selling around 4.5% stake.
- Sensetime hasn’t had the best of times since listing, however, the shares have rebounded recently on generative AI buzz around the stock.
- In this note, we will talk about the placement and run the deal through our ECM framework.
Muthoot Microfin Lockup Expiry – Pre-IPO Investors Well in the Money Despite the Stock’s Performance
- Muthoot Microfin (MUTHOOTM IN) raised around US$115m in its Indian IPO, after pricing the deal at the top end of its IPO range at INR291/share.
- Muthoot Microfin is a microfinance institution providing micro-loans to women customers with a focus on the rural regions of India.
- In this note, we will talk about the lock-up dynamics and updates since our last note.
Hyundai Motor India: Can It Thrive Amidst a Rapidly Evolving Mobility Landscape?
- India’s passenger vehicle industry is shifting towards alternative fuels and facing intense competition, amidst changing customer preferences.
- Despite a growing vehicle market, Hyundai Motor India (HMIL) faces a tough battle to defend its market share given changing industry dynamics.
- With more competitors in the fray, including its parent group company Kia and EV leader BYD, Hyundai Motor India is in for a challenging ride.
Tamboran Resources US Offering – Strong Recent Momentum but CDIs Have Been Volatile Since Listing
- Tamboran Resources (TBN AU) is looking to raise US$175m from listing its shares in the US.
- Tamboran Resources is an early stage, independent natural gas exploration and production company.
- In this note, we talk about the deal dynamics and the listing impact.
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