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

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Capital Markets

<p>Reece Limited, an Australia based plumbing company, is raising AUD560m via an institutional placement and entitlement to fund its acquisition of US-based plumbing distributor MORSCO. In this insight, we will quickly recap on the company's recent financial performance, the calculation of the deal and score the deal in our ECM framework. </p><h2>Placement specifics</h2><ul>
<li>Company Name: Reece Ltd</li>
<li>Ticker: REH AU Equity</li>
<li>Primary placement (AUD139m) and 1 for 11 pro-rata accelerated non-renounceable entitlement…</li>
</ul>

Reece Limited, an Australia based plumbing company, is raising AUD560m via an institutional placement and entitlement to fund its acquisition of US-based plumbing distributor MORSCO. In this insight, we will quickly recap on the company's recent financial performance, the calculation of the deal and score the deal in our ECM framework. Placement specifics
Company Name: Reece Ltd
Ticker: REH AU Equity
Primary placement (AUD139m) and 1 for 11 pro-rata accelerated non-renounceable entitlement…


Reece Limited Placement: EPS Accretive Capital Raising for US Acquisition