In today’s briefing:
- Korea IPOs for 2022: 1H Review & 2H Schedules for Flow Clash Risk
- ECM Weekly (3rd Jul 2022) – Tianqi, Thai Life, Prosus/Naspers, Tencent, SEA, Soosan, SoCar, Carsales
Korea IPOs for 2022: 1H Review & 2H Schedules for Flow Clash Risk
- Except for SOCAR, most major ones will be in the fourth quarter, so local IPO funds’ lock-up/pricing strategy should inevitably be intense to adjust the fund flow schedule.
- Probably, local institutional investors’ SOCAR lock-up will be mostly one month. Or even we should expect some of them to skip SOCAR altogether to focus on Hyundai Oilbank.
- Among those not yet applied for a preliminary review, the local street still expects Oasis Market, CJ Olive Young, and Kakao Mobility to complete their listing this year.
ECM Weekly (3rd Jul 2022) – Tianqi, Thai Life, Prosus/Naspers, Tencent, SEA, Soosan, SoCar, Carsales
- Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
- There was a marked pickup in IPO activity with a number of smaller deals, along with two large deals being launched.
- There were no major placements last week. In addition, Prosus single handedly took out two prospective large placements.
Before it’s here, it’s on Smartkarma
