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/27997" target="_blank" data-smartkarma-citation="entities:27997:1">Yunji Inc. (YJ US)</a> raised US$120m at US$11 per share, the bottom of its IPO price range. The company was initially expecting to raise up to US$176m through selling 13.5m ADS but it was downsized to 11m ADS. We have previously covered the IPO in:</p>
<ul>
<li><a href="https://www.smartkarma.com/insights/yunji-pre-ipo-review-poor-disclosure-on-data" target="_blank" data-smartkarma-citation="insights:28763">Yunji (云集) Pre-IPO Review - Poor Disclosure on Data</a></li>
<li><a href="https://www.smartkarma.com/insights/yunji-ipo-review-expensive-goods" target="_blank" data-smartkarma-citation="insights:29336">Yunji (云集) IPO Review - Expensive Goods</a></li>
</ul>
<p>In this insight, we will update on the deal dynamics, implied valuation, and include a valuation sensitivity table.</p>

Yunji Inc. (YJ US) raised US$120m at US$11 per share, the bottom of its IPO price range. The company was initially expecting to raise up to US$176m through selling 13.5m ADS but it was downsized to 11m ADS. We have previously covered the IPO in:

Yunji (云集) Pre-IPO Review - Poor Disclosure on Data
Yunji (云集) IPO Review - Expensive Goods

In this insight, we will update on the deal dynamics, implied valuation, and include a valuation sensitivity table.

Yunji (云集) Trading Update - Tiny Adjusted Free Float + Expensive Valuation