APAC IPOs & Placements

Zhen Zhou, Toh

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

<a href="https://www.smartkarma.com/entities/amtd-international-inc" target="_blank" data-smartkarma-citation="entities:28137:1" rel="noopener">AMTD International Inc (1727033D US)</a> (AMTDI) ​is looking to raise about US$200m in its upcoming US IPO. 
The lack of disclosure and poor corporate governance at AMTDI is a major red flag to us. The company had intentionally left out the reason for their increase in investment in Bank of Qingdao (BOQ) which had stemmed from buying back cornerstone investors' stake in BOQ.
Furthermore, there were instances mentioned in the research article that associated AMTDI with poor disclosure and shady side deals coupled with the lack of explanation with respect to the termination and disposal of its insurance brokerage business which was previously rejected from proceeding with an IPO on HKEX.
Suffice to say, we would avoid the IPO at all costs unless the company could address issues above.

AMTD International Inc (1727033D US) (AMTDI) ​is looking to raise about US$200m in its upcoming US IPO. 
The lack of disclosure and poor corporate governance at AMTDI is a major red flag to us. The company had intentionally left out the reason for their increase in investment in Bank of Qingdao (BOQ) which had stemmed from buying back cornerstone investors' stake in BOQ.
Furthermore, there were instances mentioned in the research article that associated AMTDI with poor disclosure and shady side deals coupled with the lack of explanation with respect to the termination and disposal of its insurance brokerage business which was previously rejected from proceeding with an IPO on HKEX.
Suffice to say, we would avoid the IPO at all costs unless the company could address issues above. 

AMTD International (尚乘国际) Pre-IPO - Avoid at All Costs

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

<a href="https://www.smartkarma.com/entities/amtd-international-inc" target="_blank" data-smartkarma-citation="entities:28137:1" rel="noopener">AMTD International Inc (1727033D US)</a> ​is a boutique investment bank and asset management firm focused on Chinese regional banks and new economy companies. AMTD is the No. 1 independent investment banking firm in Asia as measured by both the number and the aggregate offering size of Hong Kong and US IPOs completed in each of 2018 and 1Q19, according to CIC. AMTD has filed to raise $200 million through a US IPO.<div class="content-highlight">AMTD’s financials are undoubtedly strong, particularly its 1Q19 results. However, it is hard to judge a company by a single quarter performance, and we can’t shake the feeling that AMTD has astutely timed its IPO to coincide with peak growth rates.</div>

AMTD International Inc (1727033D US) ​is a boutique investment bank and asset management firm focused on Chinese regional banks and new economy companies. AMTD is the No. 1 independent investment banking firm in Asia as measured by both the number and the aggregate offering size of Hong Kong and US IPOs completed in each of 2018 and 1Q19, according to CIC. AMTD has filed to raise $200 million through a US IPO.AMTD’s financials are undoubtedly strong, particularly its 1Q19 results. However, it is hard to judge a company by a single quarter performance, and we can’t shake the feeling that AMTD has astutely timed its IPO to coincide with peak growth rates.

AMTD International IPO Initiation: Coming to Market on a High

Hong Kong

AMTD IDEA Group operates as a financial institute. The Company offers banking, asset management, capital markets solutions, insurance, strategic investment, and other related services. AMTD IDEA Group serves customers worldwide.

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AMTD IDEA Group (AMTD US)

AMTD International (尚乘国际) Pre-IPO - Avoid at All Costs

AMTD International Inc (1727033D US) (AMTDI) is looking to raise about US$200m in its upcoming US IPO. The lack of disclosure and poor corporate...

Zhen Zhou, Toh

AMTD International IPO Initiation: Coming to Market on a High

AMTD International Inc (1727033D US) is a boutique investment bank and asset management firm focused on Chinese regional banks and new economy...

Arun George

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AMTD International (尚乘国际) Pre-IPO - Avoid at All Costs

AMTD International Inc (1727033D US) (AMTDI) ​is looking to raise about US$200m in its upcoming US IPO. The lack of disclosure and poor corporate...

Zhen Zhou, Toh

AMTD International IPO Initiation: Coming to Market on a High

AMTD International Inc (1727033D US) ​is a boutique investment bank and asset management firm focused on Chinese regional banks and new economy...

Arun George

AMTD International Inc (1727033D US) (AMTDI) is looking to raise about US$200m in its upcoming US IPO. The lack of disclosure and poor corporate...

AMTD International Inc (1727033D US) is a boutique investment bank and asset management firm focused on Chinese regional banks and new economy...