In today’s briefing:
- (Mostly) Asia-Pac M&A: Abacus Storage, Gold Road, Mayne Pharma, Canvest, ESR, Shibaura Electronics
- Hong Kong Single Stock Options Weekly (Apr 07–11): Vol Spikes, Breadth Cracks & ETF Activity Surges
- MNTN IPO Preview: Fidelity-Backed Category Creator of Performance TV, Watch This Offering Closely
(Mostly) Asia-Pac M&A: Abacus Storage, Gold Road, Mayne Pharma, Canvest, ESR, Shibaura Electronics
- I tally 52 – mostly firm, mostly Asia-Pac – transactions currently being discussed and analysed on Smartkarma.
- One new deal discussed this week: Public Storage (PSA US)‘s NBIO, by way of a Scheme, for Abacus Storage King (ASK AU).
- Key updates/news took place on Gold Road Resources (GOR AU), Mayne Pharma (MYX AU), Canvest Environmental (1381 HK), ESR Group (1821 HK), Goldlion Holdings (533 HK), Shibaura Electronics (6957 JP).
Hong Kong Single Stock Options Weekly (Apr 07–11): Vol Spikes, Breadth Cracks & ETF Activity Surges
- A challenging week for HK single stocks, with weak breadth and sharp losses punctuated by a gap lower to start the week.
- Monday marked the highest options volume day of the year, with a spike in the Put/Call ratio and unusual ETF option activity.
- Implied vols surged, with the average implied vol percentile at very elevated levels.
MNTN IPO Preview: Fidelity-Backed Category Creator of Performance TV, Watch This Offering Closely
- MNTN, Inc. (pronounced “mountain”), leader in OTT advertising software and first mover of PTV in the United States, filed to go public.
- Founder-Led adtech company was backed by Fidelity, BlackRock, Greycroft, SV Angel, Qualcomm Ventures, and Baroda Ventures, among others.
- I like the company’s leadership position, high growth, FCF positive business and $60B+ near-term market opportunity centering around SMBs in the United States.
Before it’s here, it’s on Smartkarma
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