In today’s briefing:
- Kakao Pay Placement – Discount Is Enticing, That’s It
- Tuhu Car Pre-IPO – The Positives – Aiming to Address the Painpoints of the Industry
- Thai Life Insurance Pre-IPO – The Negatives – Lacks Growth
Kakao Pay Placement – Discount Is Enticing, That’s It
- Alipay aims to raise around US$386m via selling around 3.3% of outstanding shares of Kakao Pay.
- The stock more than doubled on listing, providing one of the best first day returns in 2021. However, its performance since then hasn’t been all that great.
- In this note, we will talk about the deal dynamics and run the deal through our ECM framework.
Tuhu Car Pre-IPO – The Positives – Aiming to Address the Painpoints of the Industry
- Tuhu Car (2007986D HK) is looking to raise up to US$400m in its upcoming Hong Kong IPO.
- Tuhu is an integrated online and offline platform for automotive services in China.
- Initially starting as a pure online retail platform, the firm has over time been building its offline network with well-managed stores and technicians to deliver standardized services in-store.
Thai Life Insurance Pre-IPO – The Negatives – Lacks Growth
- Thai Life Insurance is looking to raise up to US$1bn in its upcoming Thailand IPO.
- Thai Life Insurance is one of the largest life insurance companies in Thailand, third by assets. As of Mar 2022, it had 64,000 insurance agents.
- In this note, we will talk about the not so positive aspects of the deal.
Before it’s here, it’s on Smartkarma
