Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, 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

<ul>
<li>
<a href="https://www.smartkarma.com/entities/nio-inc" target="_blank" data-smartkarma-citation="entities:27399:1" rel="noopener">NIO (NIO US)</a> is looking to raise around US$1bn via a primary placement in Hong Kong and US.</li>
<li>The company had last raised around US$450m in March 2025. The deal didn’t end up doing well.</li>
<li>In this note, we will talk about the placement and run the deal through our ECM framework.</li>
</ul>



NIO (NIO US) is looking to raise around US$1bn via a primary placement in Hong Kong and US.
The company had last raised around US$450m in March 2025. The deal didn’t end up doing well.
In this note, we will talk about the placement and run the deal through our ECM framework.


NIO HK/ADS Placement - Slightly Better Placed, but Slightly Bigger Deal at US$1bn

Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul>
<li>RHB's Yeo raises Food Empire target price to $2.72.                            </li>
<li>UOB Kay Hian maintains 'buy' on Prime US REIT due to low valuation.</li>
<li>RHB's Natarajan ups Suntec REIT target price to $1.48.</li>
</ul>


RHB's Yeo raises Food Empire target price to $2.72.                            
UOB Kay Hian maintains 'buy' on Prime US REIT due to low valuation.
RHB's Natarajan ups Suntec REIT target price to $1.48.


Singapore Market Roundup (10-Sep-2025): RHB's Yeo raises Food Empire target to $2.72

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul><li>eVTOL / In Depth: Motor-Makers Start Their Engines for Electric Aviation Take Off</li><li>Autos /Price War Batters Chinese Automakers’ Profits</li><li>Stocks /Analysis: Why Asia Stocks Have Rallied This Year</li><li>Energy /: Sinopec and Saudi Aramco Launch $10 Billion Petrochemical Venture in Fujian</li></ul>

eVTOL / In Depth: Motor-Makers Start Their Engines for Electric Aviation Take OffAutos /Price War Batters Chinese Automakers’ ProfitsStocks /Analysis: Why Asia Stocks Have Rallied This YearEnergy /: Sinopec and Saudi Aramco Launch $10 Billion Petrochemical Venture in Fujian

CX Daily: Motor-Makers Start Their Engines for Electric Aviation Take Off 

APAC IPOs & Placements, Aequitas Research

Nicholas Tan

APAC IPOs & Placements

MegaRobo Technologies / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/megarobo-technologies-co-ltd" target="_blank" data-smartkarma-citation="entities:36471:1" rel="noopener">MegaRobo Technologies (MRT HK)</a> is looking to raise at least US$300m in its upcoming Hong Kong IPO.</li>
<li>It is the leading provider of autonomous agents in robotics applications in China, dedicated to improving productivity and driving innovation for businesses across both laboratory and manufacturing settings.</li>
<li>In this note, we provide updates on the firm’s past performance.</li>
</ul>



MegaRobo Technologies (MRT HK) is looking to raise at least US$300m in its upcoming Hong Kong IPO.
It is the leading provider of autonomous agents in robotics applications in China, dedicated to improving productivity and driving innovation for businesses across both laboratory and manufacturing settings.
In this note, we provide updates on the firm’s past performance.


MegaRobo Pre-IPO: Robotics Trend but Losses Widening

<ul>
<li>
<a href="https://www.smartkarma.com/entities/hesai-group" target="_blank" data-smartkarma-citation="entities:36743:1" rel="noopener">Hesai Group (HSAI US)</a> plans to raise around US$450m in its secondary listing in Hong Kong.</li>
<li>We have looked at the deal dynamics in our previous note. </li>
<li>In this note, we talk about the deal structure and updates since then.</li>
</ul>



Hesai Group (HSAI US) plans to raise around US$450m in its secondary listing in Hong Kong.
We have looked at the deal dynamics in our previous note. 
In this note, we talk about the deal structure and updates since then.


Hesai Secondary Offering - Stock Hasn’t Corrected Yet

China

Alibaba Group Holding Limited provides online sales services. The Company provides internet infrastructure, electronic commerce, online financial, and internet content services through its subsidiaries. Alibaba Group Holding offers its products and services worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Alibaba (BABA US)

NIO HK/ADS Placement - Slightly Better Placed, but Slightly Bigger Deal at US$1bn

NIO (NIO US) is looking to raise around US$1bn via a primary placement in Hong Kong and US. In this note, we talk about the deal dynamics.

Sumeet Singh

Singapore Market Roundup (10-Sep-2025): RHB's Yeo raises Food Empire target to $2.72

RHB's Yeo raises Food Empire target to $2.72; UOB Kay Hian keeps 'buy' on Prime US REIT; Natarajan increases Suntec REIT target to $1.48.

Singapore Market Roundup

CX Daily: Motor-Makers Start Their Engines for Electric Aviation Take Off

TOP STORIES eVTOL / In Depth: Motor-Makers Start Their Engines for Electric Aviation Take Off Chinese upstarts and their established foreign...

Caixin Global

MegaRobo Pre-IPO: Robotics Trend but Losses Widening

MegaRobo is looking to raise at least US$300m in its upcoming Hong Kong IPO. In this note, we provide updates on the firm’s past performance.

Nicholas Tan

Hesai Secondary Offering - Stock Hasn’t Corrected Yet

Hesai Group (HSAI US) plans to raise around US$450m in its secondary listing in Hong Kong. In this note, we talk about the deal dynamics.

Sumeet Singh

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)