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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

Evergrande Property Services / Equity Capital Markets

<a href="https://www.smartkarma.com/entities/evergrande-property-services" target="_blank" data-smartkarma-citation="entities:30921:1" rel="noopener">Evergrande Services (6666 HK)</a>  (EGS) is looking to raise US$2bn in its upcoming Hong Kong IPO. Evergrande Services (EGS) is the property management arm of China Evergrande Group (3333 HK). The company has presence in 280 cities across 22 provinces in China with a total GFA under management of about 25m sqm and contracted GFA of 513m sqm as of 30th June, 2020.EGS is one of the largest property management companies in terms of revenue, GFA under management, and reserved GFA. However, the company seemed to have hit a plateau as it is one of the slowest growing companies.In this note, we will discuss our assumptions, look at peer valuation, and other deal dynamics.Previous coverage:<ul><li dir="ltr"><a href="https://www.smartkarma.com/insights/evergrande-services-pre-ipo-bad-parenting" target="_blank" data-smartkarma-citation="insights:45461" rel="noopener">Evergrande Services (恒大物业) Pre-IPO - Bad Parenting</a> </li></ul>

Evergrande Services (6666 HK)  (EGS) is looking to raise US$2bn in its upcoming Hong Kong IPO. Evergrande Services (EGS) is the property management arm of China Evergrande Group (3333 HK). The company has presence in 280 cities across 22 provinces in China with a total GFA under management of about 25m sqm and contracted GFA of 513m sqm as of 30th June, 2020.EGS is one of the largest property management companies in terms of revenue, GFA under management, and reserved GFA. However, the company seemed to have hit a plateau as it is one of the slowest growing companies.In this note, we will discuss our assumptions, look at peer valuation, and other deal dynamics.Previous coverage:Evergrande Services (恒大物业) Pre-IPO - Bad Parenting 

Evergrande Services (恒大物业) IPO - Overhang Issues