Northern Star Resources Placement - Earnings Accretive, Good Track Record

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

Saracen Mineral Holdings / Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/saracen-mineral-holdings-limited" target="_blank" data-smartkarma-citation="entities:2415:1" rel="noopener">Saracen Mineral Holdings (SAR AU)</a> is looking to raise about US$543m (A$796m) to partially finance the acquisition of 50% interest in the Super Pit.</p><p>The deal scores scores positively on our framework owing to a stellar track record, strong price and earnings momentum, and favorable deal dynamics. Even though the acquisition is large (expected to increase SAR's total outstanding shares by about 32%), the deal is expected to be accretive to EPS, cashflow, NAV and other metrics as per the company.</p>

Saracen Mineral Holdings (SAR AU) is looking to raise about US$543m (A$796m) to partially finance the acquisition of 50% interest in the Super Pit.The deal scores scores positively on our framework owing to a stellar track record, strong price and earnings momentum, and favorable deal dynamics. Even though the acquisition is large (expected to increase SAR's total outstanding shares by about 32%), the deal is expected to be accretive to EPS, cashflow, NAV and other metrics as per the company.

Saracen Mining Entitlement Offer and Institutional Placement - Golden Deal with Some Caveats