OBIC Business Consultants Placement - Large Deal Needs a Large Correction - Remains in Transition

Obic Business Consultants (4733 JP): Trying to Avoid TOPIX Deletion

Simplex Holdings Pre-IPO - Steady Topline Growth but Appears to Be at Peak Margins

Freee Placement - Needs to Correct by a Whole Lot More

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

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

<p><a href="https://www.smartkarma.com/entities/money-forward-inc" target="_blank" data-smartkarma-citation="entities:25919:1" rel="noopener">Money Forward (3994 JP)</a> is looking to raise about US$278m in its global follow-on offering. The company will be using proceeds for advertising and personnel expense, product development, strategic M&amp;A, and pay down borrowings.</p><p>In this note, we look at the company’s recent Q2 results and share our thoughts on the deal.</p>

Money Forward (3994 JP) is looking to raise about US$278m in its global follow-on offering. The company will be using proceeds for advertising and personnel expense, product development, strategic M&amp;A, and pay down borrowings.In this note, we look at the company’s recent Q2 results and share our thoughts on the deal.

Money Forward Placement - Onward with More Cash