In today’s briefing:
- EcoPro Materials: IPO & Index Inclusion
- Quiddity Leaderboard SE600 Dec 23: 7 Changes Possible Including Two Intra-Review Changes
- JEV: Reiterating Target Price on Recent Developments
- Pulsar Helium Inc. (TSX-V: PLSR): About to Start Drilling High Impact Well
EcoPro Materials: IPO & Index Inclusion
- EcoPro Materials (ECO123 KS) was founded in 2017 and specializes in manufacturing cathode material precursors, a core material for lithium secondary cells.
- EcoPro Materials (ECO123 KS) could raise between US$387m-US$492m, valuing the company between US$1.9bn-US$2.42bn. Float will depend on voluntary lock-ups and allocation to strategic investors.
- Inclusion in global indices is likely to take place between February to June, while the highest probability of Korea Stock Exchange KOSPI 200 (KOSPI2 INDEX) inclusion is in December 2024.
Quiddity Leaderboard SE600 Dec 23: 7 Changes Possible Including Two Intra-Review Changes
- In this insight, we take a look at the names leading the race to become ADDs/DELETEs for the SE600 and EURSTX Indices for the December 2023 Rebalance.
- There could be up to seven index changes in the run up to the December 2023 rebalance.
- This includes a couple of intra-review index changes that could be triggered by the Dechra Pharmaceuticals (DPH LN) and Chr Hansen Holding A/S (CHR DC) takeover situations.
JEV: Reiterating Target Price on Recent Developments
- Portfolio company, H2U announced strong results from durability tests on a new iridium-free catalyst which demonstrated a lifetime of over 25,000 hours (vs. 1,000-1,500 for current iridium-free catalysts).
- JEV’s EU partner, Exogen signed an MOU with leading green hydrogen supplier, Lhyfe SA which will supply hydrogen to Exogen’s hydrogen steam plant (which includes the DCC boiler).
- HT obtained a new patent for the DCC boiler in the U.S
Pulsar Helium Inc. (TSX-V: PLSR): About to Start Drilling High Impact Well
- Pulsar has signed a rig contract with Capstar drilling to drill a high impact appraisal well at Topaz.
- The well will twin an existing well than encountered and flowed helium at high rate (10.5% helium concentration).
- The program is for one well, with the option to drill a second well at the company’s option.
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