APAC IPOs & Placements, Aequitas Research

Troy Wong

APAC IPOs & Placements

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

Bama Tea Co. Ltd. processes and markets tea products. The Company mainly plants, develops, produces, and sells tea products. Bama Tea also exports its products.

<ul>
<li>Bama Tea (BT) is looking to raise at least US$100m in its upcoming Hong Kong IPO.</li>
<li>BT mainly grew through franchising. Its broad portfolio boosts market reach. A shift to online sales and stable tea prices may improve gross margins.</li>
<li>BT needs capital for expansion but faces challenges: a fragmented, slow-growing industry, declining franchise earnings, weak 9M24 tea-leaf sales, supplier/customer concentration, and this being BT’s fourth attempt at going public.</li>
</ul>


Bama Tea (BT) is looking to raise at least US$100m in its upcoming Hong Kong IPO.
BT mainly grew through franchising. Its broad portfolio boosts market reach. A shift to online sales and stable tea prices may improve gross margins.
BT needs capital for expansion but faces challenges: a fragmented, slow-growing industry, declining franchise earnings, weak 9M24 tea-leaf sales, supplier/customer concentration, and this being BT’s fourth attempt at going public.


Bama Tea Pre-IPO - Fourth Attempt to Go Public

Sigenergy provides renewable energy solutions, catering to 1) residential, 2) commercial, and 3) industrial applications. The group markets and sells to distributors and primarily serves the European market.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/sigenergy-technology" target="_blank" data-smartkarma-citation="entities:44468:1" rel="noopener">Sigenergy (SIG CH)</a> is looking to raise at least US$100m in its upcoming Hong Kong IPO. The deal will be run by CITIC and BNP Paribas.</li>
<li>It provides renewable energy solutions, catering to 1) residential, 2) commercial, and 3) industrial applications.</li>
<li>The group markets and sells to distributors and primarily serves the European market.</li>
</ul>



Sigenergy (SIG CH) is looking to raise at least US$100m in its upcoming Hong Kong IPO. The deal will be run by CITIC and BNP Paribas.
It provides renewable energy solutions, catering to 1) residential, 2) commercial, and 3) industrial applications.
The group markets and sells to distributors and primarily serves the European market.


At Aequitas we cover all IPOs and placements across Asia-Pac with a deal size of at least US$100m. 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%.

Troy Wong
APAC IPOs & Placements
• Aequitas Research

Bama Tea Pre-IPO - Fourth Attempt to Go Public

Bama Tea plans to raise over US$100m in Hong Kong IPO to expand despite challenges in the tea industry and previous failed attempts at going public.

Troy Wong

Sigenergy Technology Pre-IPO Tearsheet

Sigenergy Technology (Sigenergy) is looking to raise at least US$100m in its upcoming Hong Kong IPO. It provides renewable energy solutions.

Troy Wong

Bama Tea Pre-IPO - Fourth Attempt to Go Public

​Bama Tea plans to raise over US$100m in Hong Kong IPO to expand despite challenges in the tea industry and previous failed attempts at going public.

Troy Wong

Sigenergy Technology Pre-IPO Tearsheet

Sigenergy Technology (Sigenergy) is looking to raise at least US$100m in its upcoming Hong Kong IPO. It provides renewable energy solutions.

Troy Wong

Bama Tea plans to raise over US$100m in Hong Kong IPO to expand despite challenges in the tea industry and previous failed attempts at going public.