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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

<p><a href="https://www.smartkarma.com/entities/sph-reit" target="_blank" data-smartkarma-citation="entities:5994:1" rel="noopener">SPH REIT (SPHREIT SP)</a> is raising US$124m via a private placement to partially fund its purchase of interest in an Australia asset.</p><p>Overall, the deal scores positively on our framework owing to good price and earnings momentum and undemanding valuation relative to peers. The acquisition has been well-flagged since 7th November 2019 and it is expected to be marginally accretive. However, we would note that the deal size is large, representing 131 days of three-month ADV and this is the first time it is executing a placement since its listing in 2013.</p>

SPH REIT (SPHREIT SP) is raising US$124m via a private placement to partially fund its purchase of interest in an Australia asset.Overall, the deal scores positively on our framework owing to good price and earnings momentum and undemanding valuation relative to peers. The acquisition has been well-flagged since 7th November 2019 and it is expected to be marginally accretive. However, we would note that the deal size is large, representing 131 days of three-month ADV and this is the first time it is executing a placement since its listing in 2013.

SPH REIT Placement - First Placement Since IPO