In today’s briefing:
- Zomato Placement – Momentum Is Very Strong, past Ant Related Deals Have Been Mixed
- Morning Views Asia: Continuum Green Energy, Melco Resorts and Entertainment (Philippines)
- Hero Fincorp Pre-IPO – The Positives – Riding on the Parent’s Brand
Zomato Placement – Momentum Is Very Strong, past Ant Related Deals Have Been Mixed
- AntFin is looking to raise around US$400m by selling around 2% of Zomato (ZOMATO IN).
- Ant Group had earlier sold some of its stake in Nov 2023 and Mar 2024, with the deals producing a mixed bag result.
- In this note, we talk about the deal dynamics and run the deal through our ECM framework.
Morning Views Asia: Continuum Green Energy, Melco Resorts and Entertainment (Philippines)
Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.
Hero Fincorp Pre-IPO – The Positives – Riding on the Parent’s Brand
- Hero FinCorp (HF) is looking to raise around US$438m in its upcoming India IPO.
- HF is a non-deposit taking NBFC. It offers a suite of financial products catering primarily to the retail segment and the MSME customer segment in India.
- In this note, we talk about the positive aspets of the deal.
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