Aztech IPO - A Lucky Break Marred by Checkered Past

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 Capital Markets

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<p><a href="https://www.smartkarma.com/entities/aztech-global" target="_blank" data-smartkarma-citation="entities:32153:1" rel="noopener">Aztech Global (1869224D SP)</a> raised about US$225m in its Singapore IPO.</p>
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<p>Aztech Global (Aztech) is a manufacturing company that offers Original Design Manufacturing (ODM), Original Equipment Manufacturing (OEM), Joint Development Manufacturing (JDM), and Contract Manufacturing Service (CMS) services to businesses. The company’s key products are Internet of Things (IoT) devices and data-communications products, LED lighting products, and other electrical products.</p>
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<p>In this note, we will discuss past Singapore IPO performance and update the peer valuation table.</p>
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<ul style="list-style-type: disc;">
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<a href="https://www.smartkarma.com/insights/aztech-ipo-a-lucky-break-marred-by-checkered-past" target="_blank" data-smartkarma-citation="insights:48616" rel="noopener">Aztech IPO - A Lucky Break Marred by Checkered Past</a> </li>
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<a href="https://www.smartkarma.com/insights/aztech-ipo-undemanding-valuation" target="_blank" data-smartkarma-citation="insights:48696" rel="noopener">Aztech IPO - Undemanding Valuation</a> </li>
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<a href="https://www.smartkarma.com/insights/aztech-ipo-notes-from-analyst-briefing" target="_blank" data-smartkarma-citation="insights:48925" rel="noopener">Aztech IPO - Notes from Analyst Briefing</a> </li>
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Aztech Global (1869224D SP) raised about US$225m in its Singapore IPO.


Aztech Global (Aztech) is a manufacturing company that offers Original Design Manufacturing (ODM), Original Equipment Manufacturing (OEM), Joint Development Manufacturing (JDM), and Contract Manufacturing Service (CMS) services to businesses. The company’s key products are Internet of Things (IoT) devices and data-communications products, LED lighting products, and other electrical products.


In this note, we will discuss past Singapore IPO performance and update the peer valuation table.




Aztech IPO - A Lucky Break Marred by Checkered Past 

Aztech IPO - Undemanding Valuation 

Aztech IPO - Notes from Analyst Briefing 



Aztech IPO Trading - Heading for a Modest Debut