ECM Weekly (25th Mar 2024) - TCS, Akeso, Coforge, ABSL, Tokio Marine, Trial, Migao, Mixue, Reddit
Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
660 Views
Trial Holdings IPO Trading - Demand and Valuation Are Towards the Higher Side
Trial Holdings (5882 JP) (TH) raised around US$259m after pricing its IPO at the top-end in its Japan IPO. In this note, we talk about the trading...
587 Views
Nippon Express (9147 JP): The Current Playbook
The offering will likely be priced on 11 March. Investors who have participated in previous large Japanese placements tend to secure positive returns.
623 Views
Nippon Express (9147 JP): A US$260 Million Secondary Offering
Looking at recent large Japanese placements is instructive for understanding the potential offer price. The pricing date will likely fall between...
559 Views
Renesas Electronics Block - Smaller than Recent Deals but Still Likely Well Flagged
Mitsubishi Electric (6503 JP) is looking to raise approximately US$800m through an accelerated secondary block deal, via selling 50.71m shares...
3.1k Views