Liquid Universe of European Ordinary and Preferred Shares: October'25 Report
European dual-class spreads diverged in October; liquidity and control themes dominate. Favor convergence longs (MFE, Grifols, Henkel, VW), fade...
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Seres Group A/H Listing - PHIP Updates and Thoughts on A/H Premium
Seres Group (601127 CH), a Chinese NEV manufacturer, aims to raise around US$2bn in its H-share listing. In this note, we talk about the recent...
703 Views
Seres Group A/H Listing - Rapid Growth but Its Partner’s Sanctions Risk Might Keep Some Away
Seres Group (601127 CH), a Chinese NEV manufacturer, aims to raise around US$1bn in its H-share listing. The company has now filed its PHIP and...
637 Views
Chery Auto IPO Trading - Half Decent Demand
Chery Automobile (9973 HK) raised around US$1.2bn in its Hong Kong IPO. In this note, we talk about the trading dynamics.
425 Views
Chery Auto IPO - Probably Around Fair Value, Cash and Peer Momentum Might Save the Day
Chery Automobile is looking to raise about US$1.2bn in its upcoming Hong Kong IPO. In this note, we talk about valuations.
622 Views