In today’s briefing:
- FWD Pre-IPO – Updates from HK Filings, Trends Remain as Confusing as Ever
- Paladin Energy Placement – Slightly Speculative but Momentum Has Been Strong
- Pre-IPO Guanze Intelligent Medical Information Industry – Advantages in Shandong Cannot Hide Worries
- V3 Brands Asia Pre-IPO – The Negatives – While Margins Have Grown, so Have Payouts to Founder
FWD Pre-IPO – Updates from HK Filings, Trends Remain as Confusing as Ever
- FWD, a pan-Asian life insurer founded by Richard Li, now aims to raise over US$1bn in its HK IPO after having tried to list in the US last year.
- FWD is a pan-Asia life insurer operating in ten markets including Hong Kong (and Macau), Thailand (and Cambodia), Japan, the Philippines, Indonesia, Singapore, Vietnam and Malaysia.
- In this note, we will talk about the updates from the HK filing.
Paladin Energy Placement – Slightly Speculative but Momentum Has Been Strong
- Paladin Energy (PDN AU) aims to raise around US$150m (A$200m) via selling 277.8m new shares at A$0.72/per share, 8.9% discount to last close.
- The proceeds will be geared towards restarting its Langer Heinrich Mine in Namibia and for funding working capital and fees.
- In this note, we will talk about the firm’s track record and run the deal through our ECM framework.
Pre-IPO Guanze Intelligent Medical Information Industry – Advantages in Shandong Cannot Hide Worries
- Guanze relies heavily on sale of medical imaging film products in Shandong Province, and occupies a leading market position in Shandong based on its accumulation in local networks and resources.
- However, the market size in Shandong is limited, with growth ceiling.With the trend of new technology and unproven ability to expand nationwide,there’s a risk of being eliminated in long term.
- In this context, Guanze could face a lot of challenges and uncertainties. Therefore, we are conservative about the Company’s outlook at the current stage.
V3 Brands Asia Pre-IPO – The Negatives – While Margins Have Grown, so Have Payouts to Founder
- V3 Brands Asia (V3 HK) is looking to raise about US$500m in its upcoming Hong Kong IPO. It was previously listed on the SGX between 2000-2016.
- V3 Brands Asia is a lifestyle and wellness firm, it is most known for its flagship massage chairs which are sold under the OSIM brand.
- In this note, we’ll talk about the not so positive aspects of the deal.
Before it’s here, it’s on Smartkarma
