APAC IPOs & Placements

Zhen Zhou, Toh

Smartkarma

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Shanghai Dazhong Public Utilities - H / Equity Capital Markets

Shanghai Dazhong Public Utilities - H (1635 HK)

<a href="https://www.smartkarma.com/entities/23704" target="_blank" data-smartkarma-citation="entities:23704:1">Shanghai Dazhong Public Utilities - H (1635 HK)</a> is looking to raise US$207-262m through its H-shares IPO.The company is an integrated public utility company with most of its revenue derived from piped gas supply. However, the company also has diverse investments in transport, wastewater treatment, public infrastructure, and even a VC firm. In this insight, we will analyze its major business segment, run the deal through our ECM framework and value the company by peer comparison and sum of the parts.

Shanghai Dazhong Public Utilities - H (1635 HK) is looking to raise US$207-262m through its H-shares IPO.The company is an integrated public utility company with most of its revenue derived from piped gas supply. However, the company also has diverse investments in transport, wastewater treatment, public infrastructure, and even a VC firm. In this insight, we will analyze its major business segment, run the deal through our ECM framework and value the company by peer comparison and sum of the parts.

Shanghai Dazhong Public Utilities IPO Review - Overpaying for Gas Business