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

<a href="https://www.smartkarma.com/entities/yeahka-limited" target="_blank" data-smartkarma-citation="entities:28436:1" rel="noopener">Yeahka Limited (9923 HK)</a> is looking to raise about US$100m from a top-up placement and, concurrently, Longwood Capital is looking to sell 3.8m shares. This is likely a cleanup trade for Longwood Capital.In total, the deal size is about US$125m and the total shares offered represents 5.5% of total enlarged outstanding shares.We have previously covered the IPO in:<ul>
<li><a href="https://www.smartkarma.com/insights/yeahka-pre-ipo-review-growing-in-an-increasingly-competitive-space" target="_blank" rel="noopener">Yeahka (移卡) Pre-IPO Review - Growing in an Increasingly Competitive Space</a></li>
<li>
<a href="https://www.smartkarma.com/insights/yeahka-pre-ipo-phip-updates-and-peer-valuation" target="_blank" data-smartkarma-citation="insights:39253" rel="noopener">Yeahka (移卡) Pre-IPO - PHIP Updates and Peer Valuation</a> </li>
<li><a href="https://www.smartkarma.com/insights/yeahka-pre-ipo-peer-analysis-and-early-thoughts-on-valuation" target="_blank" rel="noopener">Yeahka (移卡) Pre-IPO - Peer Analysis and Early Thoughts on Valuation</a></li>
<li>
<a href="https://www.smartkarma.com/insights/yeahka-ipo-expensive-small-payments-player" target="_blank" data-smartkarma-citation="insights:39566" rel="noopener">Yeahka (移卡) IPO - Expensive Small Payments Player</a> </li>
<li>
<a href="https://www.smartkarma.com/insights/yeahka-trading-update-max-claw-back-triggered-again" target="_blank" data-smartkarma-citation="insights:39867" rel="noopener">Yeahka (移卡) Trading Update - Max Claw Back Triggered Again</a> </li>
</ul>

Yeahka Limited (9923 HK) is looking to raise about US$100m from a top-up placement and, concurrently, Longwood Capital is looking to sell 3.8m shares. This is likely a cleanup trade for Longwood Capital.In total, the deal size is about US$125m and the total shares offered represents 5.5% of total enlarged outstanding shares.We have previously covered the IPO in:
Yeahka (移卡) Pre-IPO Review - Growing in an Increasingly Competitive Space

Yeahka (移卡) Pre-IPO - PHIP Updates and Peer Valuation 
Yeahka (移卡) Pre-IPO - Peer Analysis and Early Thoughts on Valuation

Yeahka (移卡) IPO - Expensive Small Payments Player 

Yeahka (移卡) Trading Update - Max Claw Back Triggered Again 


Yeahka (移卡) Placement - Selling Just as Lock-Up Expires