In today’s briefing:
- Tsingtao Placement – Ending the Selldowns with the Biggest One so Far
- CALB Pre-IPO – The Positives – Has Been Growing Fast
Tsingtao Placement – Ending the Selldowns with the Biggest One so Far
- Fosun aims to raise around US$527m via selling a 3.5% stake in Tsingtao.
- This is not the first selldown by Fosun, we have covered three prior deals in Dec 2020, Apr 2021 and Dec 2021.
- In this note, we will talk about the deal dynamics and run the deal through our ECM framework.
CALB Pre-IPO – The Positives – Has Been Growing Fast
- CALB aims to raise around US$1.5bn in its Hong Kong IPO.
- CALB undertakes design, R&D, production and sales of EV batteries and Energy Storage Systems (ESS) products.
- In this note, we will talk about the positive aspects of the deal.
Before it’s here, it’s on Smartkarma
