In today’s briefing:
- Digital Telecommunications Infrastructure Fund Placement – Routine Trim Down from Parent
- Scivita (新光维医疗) Pre-IPO: Intense Competition Ahead
Digital Telecommunications Infrastructure Fund Placement – Routine Trim Down from Parent
- True Corp Pcl (TRUE TB) is looking to raise around US$102m by trimming a portion of its stake in Digital Telecommunications Infrastructure Fund (DIF TB).
- While we wouldn’t outright say that the deal is well flagged, True Corporation has trimmed its stake multiple times in the past.
- The deal would be a large one, representing 25 days of three month ADV.
Scivita (新光维医疗) Pre-IPO: Intense Competition Ahead
- Scivita is a China-based medical device company with a focus on single-use endoscope. The company is looking to raise up to USD100 m via a Hong Kong listing.
- In this note, we look at the company’s background, the industry dynamics and the company’s products.
- We think the company has a decent investor backing and management team but the intense competition is the main issue.
Before it’s here, it’s on Smartkarma
