GULF Energy IPO Review - Largest Power Plant Operator by Planned Capacity with Decent Upside

GULF: Fastest Growing Utility Player in Thailand

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

Gulf Energy Development  / Equity Capital Markets

Asian Development Bank (ADB) is looking to sell 176m shares in <a href="https://www.smartkarma.com/entities/gulf-energy-development-public-company-limited" target="_blank" data-smartkarma-citation="entities:26038:1" rel="noopener">Gulf Energy Development Public Company (GULF TB)</a>, worth about US$200m. Post selldown, ADB will still have about 1.35% of stake in GULF. In this note, we will look at deal dynamics, recent performance, and run the deal through our framework.We have covered GULF's IPO in:<ul><li>
<a href="https://www.smartkarma.com/insights/gulf-energy-ipo-review-largest-power-plant-operator-by-planned-capacity-with-decent-upside" target="_blank" data-smartkarma-citation="insights:15365" rel="noopener">GULF Energy IPO Review - Largest Power Plant Operator by Planned Capacity with Decent Upside</a> </li></ul>

Asian Development Bank (ADB) is looking to sell 176m shares in Gulf Energy Development Public Company (GULF TB), worth about US$200m. Post selldown, ADB will still have about 1.35% of stake in GULF. In this note, we will look at deal dynamics, recent performance, and run the deal through our framework.We have covered GULF's IPO in:
GULF Energy IPO Review - Largest Power Plant Operator by Planned Capacity with Decent Upside 

Gulf Energy Development

Gulf Energy Placement - No Big Deal