In today’s briefing:
- Adani Wilmar IPO Initiation: Cooking up a Business
- Pre-IPO Remegen Co Ltd – Some Points Worth the Attention
Adani Wilmar IPO Initiation: Cooking up a Business
- Adani Wilmar (6596700Z IN) is a leading FMCG food company in India. It is set to launch an IPO to raise Rs36,000 million ($483 million) at a price of Rs218-230.
- The business is navigating the high commodity prices by delivering high growth (price increases) and creditable margin performance in face of higher raw material costs.
- Overall, this IPO is worth a closer look. The offer period is from 27 to 31 January. The shares will be listed on 8 February.
Pre-IPO Remegen Co Ltd – Some Points Worth the Attention
- RC48’s commercialization performance in China market could be lower than expected. The breakthrough point is whether the deal with Seagen can bring any surprise in the global markets.
- Due to large R&D and selling expenses, Remegen Co Ltd (9995 HK) is facing cash flow pressure, indicating that this IPO in SSE STAR market is very important for the Company.
- Let’s see if RemeGen would in-license some unique late-stage candidates or reach new blockbuster license-out deals that surprise us again, both of which would help turn things around.
Before it’s here, it’s on Smartkarma
