Aequitas Research puts out a weekly update on the deals that have been covered by the team recently along with updates for upcoming IPOs.
The Australia placement streak continues as we get another four equity raises this week, out of which, three were about A$1bn or more. National Australia Bank (NAB AU), Charter Hall Retail Reit (CQR AU), and Lendlease Group (LLC AU) held well above their deal price while Newcrest Mining (NCM AU) broke deal price on the first day of trading post-placement.
Hong Kong's ECM market is also ramping up. We finally got news that JD.com Inc (ADR) (JD US) has filed confidentially for a secondary listing and, as per media reports, the deal size will be somewhere between US$2 - 4bn. Sumeet Singh shared his early thoughts on the deal in:
Other upcoming listings include Central China New Life (CCNL HK) which has already gotten approval from HKEX and will likely launch its US$300m bookbuild this coming week. Peijia Medical (1740651D CH) got approved as well. We also covered Hangzhou Tigermed Consulting (300347 CH) A/H listing. The company filed its draft prospectus last week. The team share thoughts on the listings in:
Beyond that, there were also two new filings. Nongfu Spring, a Chinese bottled water and beverage company, which was said to be seeking US$1bn filed its draft prospectus, and, Ocumension Therapeutics, a Shanghai Biopharma which has a portfolio of 16 ophthalmology drugs, is also looking to list.
We will be covering these IPOs soon.
Our overall accuracy rate is 73.4% for IPOs and 65.4% for Placements
(Performance measurement criteria is explained at the end of the note)
Below is a snippet of our IPO tool showing upcoming events for the next week. The IPO tool is designed to provide readers with timely information on all IPO related events (Book open/closing, listing, initiation, lock-up expiry, etc) for all the deals that we have worked on. You can access the tool here or through the tools menu.
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.
Upgrade later to our paid plans for full-access.