Midea Real Estate Pre-IPO Review - Listing Just a Little Too Late

Redsun Properties IPO Review - Deserves a Discount to Peers for Its Related Party Transactions

A-Living IPO: Upside on Positive Sentiment but Estimates Appear Aggressive

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

Midea Real Estate Holding  / Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/27450" target="_blank" data-smartkarma-citation="entities:27450:1">Midea Real Estate (3990 HK)</a> (MRE) just raised US$392m at HK$17 per share, at the low-end of its range. We covered the IPO in our earlier insight, <a href="https://www.smartkarma.com/insights/midea-real-estate-pre-ipo-review-listing-just-a-little-too-late" target="_blank" data-smartkarma-citation="insights:23948">Midea Real Estate IPO Review - Listing Just a Little Too Late</a>. The company reported that its Hong Kong Public Offering was undersubscribed while the international tranche was slightly oversubscribed.  </p>
<p>The company made a poor debut, closing 6.6% below its IPO price on the first day. In this insight, we will update on the deal dynamics, implied valuation and include a valuation matrix for implied P/E at different price levels and growth assumptions.</p>

Midea Real Estate (3990 HK) (MRE) just raised US$392m at HK$17 per share, at the low-end of its range. We covered the IPO in our earlier insight, Midea Real Estate IPO Review - Listing Just a Little Too Late. The company reported that its Hong Kong Public Offering was undersubscribed while the international tranche was slightly oversubscribed.  
The company made a poor debut, closing 6.6% below its IPO price on the first day. In this insight, we will update on the deal dynamics, implied valuation and include a valuation matrix for implied P/E at different price levels and growth assumptions.

Midea Real Estate Trading Update - Barely Traded Its IPO Shares