ECM Weekly (11th July 2021) - Zomato, Bukalapak, Kakao Bank, Krafton, Didi, Kanzhun, Full Truck

ECM Weekly (18th July 2021) - Krafton, Kakao Bank, Bukalapak, Filinvest REIT, Zomato, China ADR IPO

ECM Weekly (25th July 2021) - China Tourism, APM Monaco, Paytm, CTOS, Zomato, Kuaishou Lock-Up

WM Tech Pre-IPO - Digitalization Efforts Coming Through but Not Well Substantiated

WM Tech Pre-IPO: Wumart as Main Brand, Marginalized on the Ground

Wumart - Four Blocking Stakes, can this deal get through?

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

WM Tech Corporation / Equity Capital Markets

<a href="https://www.smartkarma.com/entities/wm-tech-corporation" target="_blank" data-smartkarma-citation="entities:32976:1" rel="noopener">WM Tech Corporation (WMT HK)</a> is looking to raise US$1bn in its upcoming Hong Kong IPO. WM Tech (WMT) is a fresh food and FMCG retailer in China. The company operates its business primarily through two brands, Wumart (物美) and Metro (麦德龙). The Metro brand belonged to Metro China in which WMT acquired an 80% stake in and started consolidating in April 2020.In this note, we have  compared WMT to other supermarket operators.We have previously covered the IPO in:<ul>
<li>
<a href="https://www.smartkarma.com/insights/wm-tech-pre-ipo-digitalization-efforts-coming-through-but-not-well-substantiated" target="_blank" data-smartkarma-citation="insights:52007" rel="noopener">WM Tech Pre-IPO - Digitalization Efforts Coming Through but Not Well Substantiated</a> </li>
<li>
<a href="https://www.smartkarma.com/insights/wm-tech-pre-ipo-wumart-as-main-brand-marginalized-on-the-ground" target="_blank" data-smartkarma-citation="insights:52273" rel="noopener">WM Tech Pre-IPO: Wumart as Main Brand, Marginalized on the Ground</a> </li>
</ul>

WM Tech Corporation (WMT HK) is looking to raise US$1bn in its upcoming Hong Kong IPO. WM Tech (WMT) is a fresh food and FMCG retailer in China. The company operates its business primarily through two brands, Wumart (物美) and Metro (麦德龙). The Metro brand belonged to Metro China in which WMT acquired an 80% stake in and started consolidating in April 2020.In this note, we have  compared WMT to other supermarket operators.We have previously covered the IPO in:

WM Tech Pre-IPO - Digitalization Efforts Coming Through but Not Well Substantiated 

WM Tech Pre-IPO: Wumart as Main Brand, Marginalized on the Ground 


WM Tech Pre-IPO - Peer Comparison and Pre-IPO Valuation - Some Signs of Advantage