Zhongliang (中梁地产) Pre-IPO Review - Incredible Growth Bogged Down by Related Party Transactions

Zhongliang (中梁地产) IPO Review - Same Concerns

Yincheng Intl (银城国际) IPO Quick Note: A Highly Levered Nanjing Developer Bet

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

Zhongliang Holdings Group  L / Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/zhongliang-holdings" target="_blank" data-smartkarma-citation="entities:28009:1" rel="noopener">  Zhongliang Holdings (2772 HK)</a> raised US$376m at HK$5.55 per share, below the mid-point of its IPO price range. We have previously covered the IPO in:</p><ul>
<li>
<a href="https://www.smartkarma.com/insights/zhongliang-ipo-review-same-concerns" target="_blank" data-smartkarma-citation="insights:30700" rel="noopener">Zhongliang (中梁地产) IPO Review - Same Concerns</a> </li>
<li>
<a href="https://www.smartkarma.com/insights/zhongliang-pre-ipo-review-incredible-growth-bogged-down-by-related-party-transactions" target="_blank" data-smartkarma-citation="insights:28738" rel="noopener">Zhongliang (中梁地产) Pre-IPO Review - Incredible Growth Bogged Down by Related Party Transactions</a> </li>
</ul><p>In this insight, we will update on the deal dynamics, implied valuation, and include a valuation sensitivity table.</p>

  Zhongliang Holdings (2772 HK) raised US$376m at HK$5.55 per share, below the mid-point of its IPO price range. We have previously covered the IPO in:

Zhongliang (中梁地产) IPO Review - Same Concerns 

Zhongliang (中梁地产) Pre-IPO Review - Incredible Growth Bogged Down by Related Party Transactions 
In this insight, we will update on the deal dynamics, implied valuation, and include a valuation sensitivity table.

Zhongliang (中梁地产) Trading Update - Poor Subscription Rate and Liquidity but Traded Well