In today’s briefing:
- Heads Up: Selling Event of a 30% Stake in NXC (Nexon Parent Company) Is Coming Soon
- EQD | Volatility Update: Weekly Review of Vol Changes and Best Trades- Debt Ceiling Relief
- ECM Weekly (4th June 2023) – JD Ind, Alibaba, Growatt, Olam Agri, Coal India, Adani, Patanjali
Heads Up: Selling Event of a 30% Stake in NXC (Nexon Parent Company) Is Coming Soon
- As reported by a local news outlet (YTN), the Korean government will soon list the NXC stake on Onbid, the government’s online auction system (www.onbid.co.kr).
- If the right buyer acquires the 30% stake in NXC, the family members may also sell their stake, leading to an unexpected price impact for Nexon (3659 JP).
- Timing is critical, and the Korean government must aim to list the stake on Onbid as soon as possible, given its current revenue shortfall issue.
EQD | Volatility Update: Weekly Review of Vol Changes and Best Trades- Debt Ceiling Relief
- Weekly summary of vol changes and moves across Global Markets
- Analysing ATM volatility and skew changes over the last 5 days
- We suggest a few trades to take advantage of the implied vol surfaces
ECM Weekly (4th June 2023) – JD Ind, Alibaba, Growatt, Olam Agri, Coal India, Adani, Patanjali
- Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
- In the IPO space, Indonesia appears to be the only market where sizeable deals are being done as Growatt and Olam Agri laucnhes got pushed back.
- On the placement front, there were only a few smaller deals that were lauched, apart from the selldown in Coal India Ltd (COAL IN).
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