In today’s briefing:
- (Mostly) Asia M&A, Jan 2023: Essential Metals, Relia Inc, Osstem Implant, Esso Thailand
- Konan Technology: Surging Share Price Due to Global Interest in Chat GPT AI
- Aequitas Korea IPOs Bookrunner Performance (2021-2022)
- Aequitas Korea Placements Bookrunner Performance (2019-2022)
(Mostly) Asia M&A, Jan 2023: Essential Metals, Relia Inc, Osstem Implant, Esso Thailand
- For the month of January, four new deals (firm and non-binding) were discussed on Smartkarma with an overall announced deal size of ~US$3bn.
- The average premium for the new deals announced (or first discussed) in January was ~28%, which is distorted by the take under for Esso Thailand (ESSO TB).
- This compares to the average premium for all deals in 2022 (106 deals), 2021 (165 deals), 2020 (158 deals), and 2019 (145 deals) of 41%, 33%, 31%, and 31% respectively.
Konan Technology: Surging Share Price Due to Global Interest in Chat GPT AI
- Konan Technology is one of the competitors to Open AI (Chat GPT) in Korea.
- Konan Technology’s share price is up more than 4x this year. We would not chase the stock at current levels. We provide a framework of valuing Konan Technology.
- Four large Korean companies that could be long-term winners in AI space in Korea include Naver, Kakao Corp, SK Telecom, and KT Corp. SK Telecom owns 20.8% of Konan Technology.
Aequitas Korea IPOs Bookrunner Performance (2021-2022)
- In this note, we will take a look at bookrunner performance for Korean IPOs from 2021-2022.
- The following dataset includes all Korean IPOs above US$100m for the period of Calendar Years 2021-2022, which amounted to a total of 11 deals.
- The deals you see in this note are based on our historical IPO tracker. Feel free to drop us a message for additional information on any of these IPOs.
Aequitas Korea Placements Bookrunner Performance (2019-2022)
- In this note, we will take a look at the performance of bookrunners for Korean placements from 2019-2022.
- The following dataset includes all Korean placements above US$100m for the period of Calendar Years 2019-2022, which amounted to a total of 29 deals.
- The deals you see in this note are based on our historical placements tracker. Feel free to drop us a message for additional information on any of these placements.
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