FWD IPO - Valuation Down but Its Difficult to Get Excited About It
FWD Group, a pan-Asian life insurer founded by Richard Li, aims to raise around US$442m in its HK IPO. In this note, we talk about the IPO pricing.
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Eternal Beauty IPO Trading - Weak Demand, Close to Fair Value
Eternal Beauty Holdings raised around US$125m in its Hong Kong IPO after pricing its IPO near the low-end. In this note, we talk about the trading...
480 Views
FWD Pre-IPO - PHIP Updates - Growth Slowing, Metrics Evolution Continues
FWD Group Holdings (FWD HK), a pan-Asian life insurer founded by Richard Li, now aims to raise around US$500m in its HK IPO. In this note, we look...
569 Views
Anjoy Foods Group A/H Listing - Isn’t Great but Can’t Ask for It to Cheaper
Anjoy Foods Group (603345 CH), a quick-frozen food company in China, aims to raise around US$336m in its H-share listing. In this note, we talk...
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ECM Weekly (23 June 2025) - Foshan Haitian, Sanhua, Anjoy, Sany, CaoCao, Eternal, Zhou Liu, HDB Fin
Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.
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