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Ming Yuan Cloud (明源云) IPO - Better Disclosure and a Leader in the Industry

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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

Ming Yuan Cloud Group / Equity Capital Markets

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<p><a href="https://www.smartkarma.com/entities/ming-yuan-cloud-group" target="_blank" data-smartkarma-citation="entities:29268:1" rel="noopener">Ming Yuan Cloud Group (909 HK)</a> (MYCG) raised US$796m at HK$16.50 per share, at the top-end of its IPO price range.</p>
<p>MYCG is a software solution provider in China with a focus on real estate. The company provides enterprise resource planning (ERP) solutions and SaaS products to property developers and other industry participants in the real estate value chain in China. As per Frost &amp; Sullivan (F&amp;S), the company is ranked first among software providers for property developers in China and has a dominant 24.6% market share in terms of contract value in 2019.</p>
<p>In this note, we will look at the deal dynamics and provide a table with implied valuation at different share price levels.</p>
<p>Our previous coverage of the IPO:</p>
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<p><a href="https://www.smartkarma.com/insights/ming-yuan-cloud-pre-ipo-leaning-on-regional-partners-for-growth-but-hefty-commissions-paid" target="_blank" data-smartkarma-citation="insights:42977" rel="noopener">Ming Yuan Cloud (明源云) Pre-IPO - Leaning on Regional Partners for Growth but Hefty Commissions Paid</a> </p>
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<a href="https://www.smartkarma.com/insights/ming-yuan-cloud-ipo-better-disclosure-and-a-leader-in-the-industry" target="_blank" data-smartkarma-citation="insights:43229" rel="noopener">Ming Yuan Cloud (明源云) IPO - Better Disclosure and a Leader in the Industry</a> </li>
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Ming Yuan Cloud Group (909 HK) (MYCG) raised US$796m at HK$16.50 per share, at the top-end of its IPO price range.
MYCG is a software solution provider in China with a focus on real estate. The company provides enterprise resource planning (ERP) solutions and SaaS products to property developers and other industry participants in the real estate value chain in China. As per Frost &amp; Sullivan (F&amp;S), the company is ranked first among software providers for property developers in China and has a dominant 24.6% market share in terms of contract value in 2019.
In this note, we will look at the deal dynamics and provide a table with implied valuation at different share price levels.
Our previous coverage of the IPO:




Ming Yuan Cloud (明源云) Pre-IPO - Leaning on Regional Partners for Growth but Hefty Commissions Paid 


Ming Yuan Cloud (明源云) IPO - Better Disclosure and a Leader in the Industry 



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