Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

An inquisitive investment analyst with background in both finance and computing. Covering ECM research, biotech, market data analytics.

Asia Pac IPO & Placement Research, China biotech

GreenTree Hospitality IPO -  A Little More Dividend Payout, Some Shares Pledged, QoQ Revenue Fall...

GreenTree IPO Valuation: Reflects the Trade-Off Between Growth and Margins Vs Peers

GreenTree Hospitality Versus Peers in Ten Charts: Operations, Financials, & Valuation at IPO Range

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

Greentree Hospitality / Equity Capital Markets

<p>GreenTree filed Form-3 after market close yesterday, for potential placement of up to USD 155 million. In this insight, we will revisit our earlier coverage on GreenTree, recap its recent financials and provide our preliminary thoughts on the deal. While the company reported a decent set of results, we are concerned about the needs for capital raising as the company's main business is franchised hotels that collect franchise fees.</p>

GreenTree filed Form-3 after market close yesterday, for potential placement of up to USD 155 million. In this insight, we will revisit our earlier coverage on GreenTree, recap its recent financials and provide our preliminary thoughts on the deal. While the company reported a decent set of results, we are concerned about the needs for capital raising as the company's main business is franchised hotels that collect franchise fees.

Shanghai Jin Jiang Capital Company Limited (2006 HK)

Shanghai Jin Jiang Capital Company Limited

GreenTree Hospitality Placement: Still Lacks a Credible Reason for Fund Raising