APAC IPOs & Placements, Aequitas Research

Clarence Chu

At Aequitas we cover all IPOs and placements across Asia-Pac with a deal size of at least US$100m. 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%.

APAC IPOs & Placements

Challenger Placement - Room for New Shareholders But We Remain Lukewarm

Australian Reporting Season: Centuria Capital, Challenger, ANZ (Q3) & NAB (Q3)

Australian Reporting Season: AGL Energy, Crown Resorts, Mirvac Group & Suncorp

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

<ul>
<li>AP Liberty (Apollo) is looking to raise US$318m from trimming its stake in <a href="https://www.smartkarma.com/entities/challenger-ltd" target="_blank" data-smartkarma-citation="entities:16870:1" rel="noopener">Challenger Ltd (CGF AU)</a>.</li>
<li>Apollo’s stake in the firm dates back to Jul 2021, when the investor first acquired a 18% stake in the firm for A$720m. </li>
<li>In this note, we run the deal through our ECM framework and comment on deal dynamics.</li>
</ul>


AP Liberty (Apollo) is looking to raise US$318m from trimming its stake in Challenger Ltd (CGF AU).
Apollo’s stake in the firm dates back to Jul 2021, when the investor first acquired a 18% stake in the firm for A$720m. 
In this note, we run the deal through our ECM framework and comment on deal dynamics.


Challenger Limited Placement - Discount Isn’t Enticing Enough for a Surprise Selldown