Archosaur Games (祖龙娱乐) Trading Update - Not Much Left for Non-Cornerstone Insti Investors

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Archosaur Games (祖龙娱乐) Pre-IPO - Dragon Raja Will Continue to Drive Revenue - Walkthrough & Thoughts

APAC IPOs & Placements

Zhen Zhou, Toh

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Bottom-Up

<p><a href="https://www.smartkarma.com/entities/archosaur-games" target="_blank" data-smartkarma-citation="entities:28948:1" rel="noopener">Archosaur Games (9990 HK)</a> (AG) is a mobile game developer in China with a focus on mobile massively multiplayer online role-playing game (MMORPGs). The company is backed by <a href="https://www.smartkarma.com/entities/tencent-holdings-ltd" target="_blank" data-smartkarma-citation="entities:26:1" rel="noopener">Tencent Holdings (700 HK)</a> and <a href="https://www.smartkarma.com/entities/perfect-world-co-ltd-china" target="_blank" data-smartkarma-citation="entities:28923:1" rel="noopener">Perfect World (002624 CH)</a>. It has a track record of developing and publishing popular MMORPGs which include Dragon Raja (龙族幻想), Fantasy Zhuxian (梦幻诛仙), and Loong Craft (六龙争霸).</p>
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<p>AG was listed on the 15th of July, 2020, and it has traded well since then, still holding onto its 110% gain since IPO. But in October, share price dipped on the back of the rise in popularity of Genshin Impact. But we think that AG still offers one of the best exposure to mobile MMORPG game development given the track record of the company.</p>
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Archosaur Games (9990 HK) (AG) is a mobile game developer in China with a focus on mobile massively multiplayer online role-playing game (MMORPGs). The company is backed by Tencent Holdings (700 HK) and Perfect World (002624 CH). It has a track record of developing and publishing popular MMORPGs which include Dragon Raja (龙族幻想), Fantasy Zhuxian (梦幻诛仙), and Loong Craft (六龙争霸).

AG was listed on the 15th of July, 2020, and it has traded well since then, still holding onto its 110% gain since IPO. But in October, share price dipped on the back of the rise in popularity of Genshin Impact. But we think that AG still offers one of the best exposure to mobile MMORPG game development given the track record of the company.


2021 High Conviction - Archosaur Games (祖龙娱乐) - A Bet on the Mobile RPG Boom