APAC IPOs & Placements, Aequitas Research

Hong Jie Seow

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

Yangzhou Nanopore Innovative Materials Technology / Equity Capital Markets

Yangzhou Nanopore Innovative Materials Technology (NPIM HK)

Yangzhou Nanopore Innovative Materials Technology

<ul>
<li>
<a href="https://www.smartkarma.com/entities/yangzhou-nanopore-innovative-materials-technology-co-ltd" target="_blank" data-smartkarma-citation="entities:50163:1" rel="noopener">Yangzhou Nanopore Innovative Materials Technology (NPIM HK)</a> is looking to raise at least US$100m in its upcoming Hong Kong IPO. The deal will be run by BNP.</li>
<li>Yangzhou Nanopore Innovative Materials Technology (YNIMT) is a globally leading new energy materials company that specializes in the R&amp;D and manufacturing of advanced functional current collectors.</li>
<li>These materials are critical components used in high-performance lithium-ion and next-generation solid-liquid batteries</li>
</ul>



Yangzhou Nanopore Innovative Materials Technology (NPIM HK) is looking to raise at least US$100m in its upcoming Hong Kong IPO. The deal will be run by BNP.
Yangzhou Nanopore Innovative Materials Technology (YNIMT) is a globally leading new energy materials company that specializes in the R&amp;D and manufacturing of advanced functional current collectors.
These materials are critical components used in high-performance lithium-ion and next-generation solid-liquid batteries


Aequitas: Yangzhou Nanopore Innovative Material Pre-IPO Tearsheet

Akshat Shah

WT Microelectronics / Equity Capital Markets

WT Microelectronics Co., Ltd. develops and markets integrated circuits (IC) products.  The Company's products include linear IC, applied IC, admixture semaphore IC, logic IC, image detecting IC, and memory IC.  Wintech acts as an agent for Texas Instruments, Fairchild, ST Microelectronics, Marvell, Wolfson, and Bowoon.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/wt-microelectronics-co-ltd" target="_blank" data-smartkarma-citation="entities:19712:1" rel="noopener">WT Microelectronics (3036 TT)</a> (WT Micro) is looking to raise up to US$1bn in its upcoming GDR offering. The firm is also looking to raise another US$500m via convertible bonds.</li>
<li>In May 2026, WT Micro announced its board’s resolution to issue between 75-100m shares via a GDR offering, with proceeds earmarked to purchase overseas raw materials and repay bank loans.</li>
<li>Similar to previous GDR listings, the deal is a long drawn out process with the firm required to jump through a number of board/shareholder/regulatory approval loops.</li>
</ul>



WT Microelectronics (3036 TT) (WT Micro) is looking to raise up to US$1bn in its upcoming GDR offering. The firm is also looking to raise another US$500m via convertible bonds.
In May 2026, WT Micro announced its board’s resolution to issue between 75-100m shares via a GDR offering, with proceeds earmarked to purchase overseas raw materials and repay bank loans.
Similar to previous GDR listings, the deal is a long drawn out process with the firm required to jump through a number of board/shareholder/regulatory approval loops.


Aequitas: WT Micro GDR Early Look - Revisiting the GDR Market Six Months Later Amid Strong Momentum

Kajal Jain

Shanghai Seer Intelligent Technology / Equity Capital Markets

Shanghai Seer Intelligent Technology (SSIT HK)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/shanghai-seer-intelligent-technology-co-ltd" target="_blank" data-smartkarma-citation="entities:50161:1" rel="noopener">Shanghai Seer Intelligent Technology (SSIT HK)</a>  (SSITL) plans to raise around US$100m in its upcoming Hong Kong IPO. The deal will be run by CICC and CMBI.</li>
<li>SSITL is a robotics company based on robotic control systems, offering controllers, software and robots.</li>
<li>According to CIC, it was ranked first globally in terms of robotic controller sales volume in 2025, with a market share of 24.8%.</li>
</ul>



Shanghai Seer Intelligent Technology (SSIT HK)  (SSITL) plans to raise around US$100m in its upcoming Hong Kong IPO. The deal will be run by CICC and CMBI.
SSITL is a robotics company based on robotic control systems, offering controllers, software and robots.
According to CIC, it was ranked first globally in terms of robotic controller sales volume in 2025, with a market share of 24.8%.


Aequitas:Shanghai Seer Intelligent Technology Pre-IPO Tearsheet

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

Suzhou Novosense Microelectronics / Equity Capital Markets

Suzhou Novosense Microelectronics Co., Ltd. specializes in the research, development, design, and sale of high-performance analog and mixed-signal integrated circuits. The company offers a comprehensive portfolio of products including sensors, signal chain chips, isolation and interface products, power and driver ICs, and power management solutions. These products are widely applied in the automotive, industrial, information communication, and consumer electronics sectors. Headquartered in Suzhou, China, the company was founded in 2013.

Suzhou Novosense Microelectronics (2676 HK)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/suzhou-novosense-microlectronics-co-ltd-class-h" target="_blank" data-smartkarma-citation="entities:46180:1" rel="noopener">Suzhou Novosense Microelectronics (2676 HK)</a>, an analog chips producer, raised around US$285m in its H-share listing. The lockup on its cornerstone  investors is set to expire soon.</li>
<li>According to Frost &amp; Sullivan, in terms of revenue from analog chips in 2024, SNM ranked fifth among Chinese analog chip companies in the Chinese analog chip market</li>
<li>In this note, we will talk about the lockup dynamics and possible placement.</li>
</ul>



Suzhou Novosense Microelectronics (2676 HK), an analog chips producer, raised around US$285m in its H-share listing. The lockup on its cornerstone  investors is set to expire soon.
According to Frost &amp; Sullivan, in terms of revenue from analog chips in 2024, SNM ranked fifth among Chinese analog chip companies in the Chinese analog chip market
In this note, we will talk about the lockup dynamics and possible placement.


Suzhou Novosense A/H Lockup Expiry - US$225m Lockup Release but Primarily Owned by SOE Fund

Jiangsu BBL Home Technology / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/jiangsu-bbl-home-technology-company-limited" target="_blank" data-smartkarma-citation="entities:50170:1" rel="noopener">Jiangsu BBL Home Technology (BBL HK)</a> (Jiangsu) plans to raise around US$100m in its upcoming Hong Kong IPO. The deal will be run by DBS and CICC.</li>
<li>Jiangsu is a leading flooring products provider in China, as well as a global market leader, as per the company.</li>
<li>According to Frost &amp; Sullivan, it was ranked first among Chinese PVC flooring providers in terms of sales volume of PVC flooring products in North America in 2025. </li>
</ul>



Jiangsu BBL Home Technology (BBL HK) (Jiangsu) plans to raise around US$100m in its upcoming Hong Kong IPO. The deal will be run by DBS and CICC.
Jiangsu is a leading flooring products provider in China, as well as a global market leader, as per the company.
According to Frost &amp; Sullivan, it was ranked first among Chinese PVC flooring providers in terms of sales volume of PVC flooring products in North America in 2025. 


Aequitas:Jiangsu BBL Home Technology Pre-IPO Tearsheet

Aequitas Research
IPOs and Placements coverage across Asia Pacific

Aequitas: Yangzhou Nanopore Innovative Material Pre-IPO Tearsheet

Yangzhou Nanopore Innovative Materials Technology plans to raise over US$100m in its Hong Kong IPO, specializing in advanced functional current...

Hong Jie Seow

Aequitas: WT Micro GDR Early Look - Revisiting the GDR Market Six Months Later Amid Strong Momentum

WT Microelectronics (WT Micro) is looking to raise up to US$1bn in its upcoming global depository receipts (GDRs) offering. The firm is also...

Akshat Shah

Aequitas:Shanghai Seer Intelligent Technology Pre-IPO Tearsheet

Shanghai Seer Intelligent Technology Co. Ltd. (SSITL) plans to raise around US$100m in its upcoming Hong Kong IPO. The deal will be run by CICC and...

Kajal Jain

Suzhou Novosense A/H Lockup Expiry - US$225m Lockup Release but Primarily Owned by SOE Fund

Suzhou Novosense Microelectronics (2676 HK), an analog chips producer, raised around US$285m in its H-share listing. The lockup on its cornerstone ...

Sumeet Singh

Aequitas:Jiangsu BBL Home Technology Pre-IPO Tearsheet

Jiangsu BBL Home Technology Co. Ltd. (Jiangsu) plans to raise around US$100m in its upcoming Hong Kong IPO. The deal will be run by DBS and CICC.

Kajal Jain

Aequitas: Yangzhou Nanopore Innovative Material Pre-IPO Tearsheet

​Yangzhou Nanopore Innovative Materials Technology plans to raise over US$100m in its Hong Kong IPO, specializing in advanced functional current...

Hong Jie Seow

Aequitas: WT Micro GDR Early Look - Revisiting the GDR Market Six Months Later Amid Strong Momentum

WT Microelectronics (WT Micro) is looking to raise up to US$1bn in its upcoming global depository receipts (GDRs) offering. The firm is also...

Akshat Shah

Aequitas:Shanghai Seer Intelligent Technology Pre-IPO Tearsheet

Shanghai Seer Intelligent Technology Co. Ltd. (SSITL) plans to raise around US$100m in its upcoming Hong Kong IPO. The deal will be run by CICC and...

Kajal Jain

Suzhou Novosense A/H Lockup Expiry - US$225m Lockup Release but Primarily Owned by SOE Fund

Suzhou Novosense Microelectronics (2676 HK), an analog chips producer, raised around US$285m in its H-share listing. The lockup on its cornerstone ...

Sumeet Singh

Aequitas:Jiangsu BBL Home Technology Pre-IPO Tearsheet

Jiangsu BBL Home Technology Co. Ltd. (Jiangsu) plans to raise around US$100m in its upcoming Hong Kong IPO. The deal will be run by DBS and CICC.

Kajal Jain

Yangzhou Nanopore Innovative Materials Technology plans to raise over US$100m in its Hong Kong IPO, specializing in advanced functional current...