APAC IPOs & Placements, Aequitas Research

Akshat Shah

APAC 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

Alchip Technologies / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/alchip-technologies-ltd" target="_blank" data-smartkarma-citation="entities:20219:1" rel="noopener">Alchip Technologies (3661 TT)</a> is looking to raise around US$895m, selling 420m shares (28m GDRs) via a GDR offering.</li>
<li>Similar to previous GDR listings, the firm has undergone a long drawn out process prior to launching the deal, having to jump through a number of board/shareholder/regulatory approval loops.</li>
<li>In this note, we run the deal through our ECM framework and comment on deal dynamics.</li>
</ul>



Alchip Technologies (3661 TT) is looking to raise around US$895m, selling 420m shares (28m GDRs) via a GDR offering.
Similar to previous GDR listings, the firm has undergone a long drawn out process prior to launching the deal, having to jump through a number of board/shareholder/regulatory approval loops.
In this note, we run the deal through our ECM framework and comment on deal dynamics.


Aequitas: Alchip Technologies - Well Flagged US$515m GDR Offering; Shares Have Traded Down Recently

Powerchip Semiconductor Manufa / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/powerchip-semiconductor-manufa" target="_blank" data-smartkarma-citation="entities:35299:1" rel="noopener">Powerchip Semiconductor Manufacturing (6770 TT)</a> is looking to raise around US$895m, selling 420m shares (28m GDRs) via a GDR offering.</li>
<li>Similar to previous GDR listings, the firm has undergone a long drawn out process prior to launching the deal, having to jump through a number of board/shareholder/regulatory approval loops.</li>
<li>In this note, we run the deal through our ECM framework and comment on deal dynamics.</li>
</ul>



Powerchip Semiconductor Manufacturing (6770 TT) is looking to raise around US$895m, selling 420m shares (28m GDRs) via a GDR offering.
Similar to previous GDR listings, the firm has undergone a long drawn out process prior to launching the deal, having to jump through a number of board/shareholder/regulatory approval loops.
In this note, we run the deal through our ECM framework and comment on deal dynamics.


Aequitas: Powerchip Semiconductor Manufacturing GDR Offering -

WT Microelectronics / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/wt-microelectronics-co-ltd" target="_blank" data-smartkarma-citation="entities:19712:1" rel="noopener">WT Microelectronics (3036 TT)</a> (WT Micro) is looking to raise up to US$1bn in its upcoming GDR offering. The firm is also looking to raise another US$500m via convertible bonds.</li>
<li>In May 2026, WT Micro announced its board’s resolution to issue between 75-100m shares via a GDR offering, with proceeds earmarked to purchase overseas raw materials and repay bank loans.</li>
<li>Similar to previous GDR listings, the deal is a long drawn out process with the firm required to jump through a number of board/shareholder/regulatory approval loops.</li>
</ul>



WT Microelectronics (3036 TT) (WT Micro) is looking to raise up to US$1bn in its upcoming GDR offering. The firm is also looking to raise another US$500m via convertible bonds.
In May 2026, WT Micro announced its board’s resolution to issue between 75-100m shares via a GDR offering, with proceeds earmarked to purchase overseas raw materials and repay bank loans.
Similar to previous GDR listings, the deal is a long drawn out process with the firm required to jump through a number of board/shareholder/regulatory approval loops.


Aequitas: WT Micro GDR Early Look - Revisiting the GDR Market Six Months Later Amid Strong Momentum

<ul>
<li>
<a href="https://www.smartkarma.com/entities/powerchip-semiconductor-manufa" target="_blank" data-smartkarma-citation="entities:35299:1" rel="noopener">Powerchip Semiconductor Manufacturing (6770 TT)</a> is looking to raise around US$800m in its upcoming global depository receipts (GDR) offering.</li>
<li>Powerchip Semiconductor Manufacturing (PSMC) is a Taiwanese semiconductor foundry focused on memory chips, specialty DRAM and wafer fabrication services for logic and mixed-signal ICs.</li>
<li>Similar to previous GDR listings, the deal is a drawn out process with the firm required to jump through a number of board/shareholder/regulatory approval loops.</li>
</ul>



Powerchip Semiconductor Manufacturing (6770 TT) is looking to raise around US$800m in its upcoming global depository receipts (GDR) offering.
Powerchip Semiconductor Manufacturing (PSMC) is a Taiwanese semiconductor foundry focused on memory chips, specialty DRAM and wafer fabrication services for logic and mixed-signal ICs.
Similar to previous GDR listings, the deal is a drawn out process with the firm required to jump through a number of board/shareholder/regulatory approval loops.


Aequitas: Powerchip Semiconductor Manufacturing GDR Early Look - Well Flagged US$800m GDR Offering

<ul>
<li>
<a href="https://www.smartkarma.com/entities/quanta-computer-inc" target="_blank" data-smartkarma-citation="entities:2754:1" rel="noopener">Quanta Computer (2382 TT)</a> is looking to raise around US$2.7bn in its upcoming global depository receipts (GDRs) offering.</li>
<li>Quanta Computer Inc. (QCI) is a Taiwan-based electronics and computer hardware manufacturer founded in 1988, best known as one of the world’s largest original design manufacturers for laptops and servers.</li>
<li>Similar to previous GDR listings, the deal is a drawn out process with the firm required to jump through a number of board/shareholder/regulatory approval loops.</li>
</ul>



Quanta Computer (2382 TT) is looking to raise around US$2.7bn in its upcoming global depository receipts (GDRs) offering.
Quanta Computer Inc. (QCI) is a Taiwan-based electronics and computer hardware manufacturer founded in 1988, best known as one of the world’s largest original design manufacturers for laptops and servers.
Similar to previous GDR listings, the deal is a drawn out process with the firm required to jump through a number of board/shareholder/regulatory approval loops.


Aequitas: Quanta Computer Inc GDR Early Look - Another Well Flagged US$2.7bn GDR Offering

Taiwan

Asmedia Technology Inc designs mulitmedia integrated control(IC) chip and high frequency mixed mode IC chip. The company's products inlcude high speed digit switch, nand flash controller and super speed USB controller.

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Asmedia Technology (5269 TT)

Aequitas: Alchip Technologies - Well Flagged US$515m GDR Offering; Shares Have Traded Down Recently

Alchip Technologies (3661 TT) Alchip is looking to raise up to US$515m, selling 4m shares (4m GDRs) via a GDR offering, with the proceeds to be...

Akshat Shah

Aequitas: Powerchip Semiconductor Manufacturing GDR Offering -

Powerchip Semiconductor Manufacturing (6770.TT) is looking to raise around US$895m, selling 420m shares (28m GDRs) via a GDR offering.

Akshat Shah

Aequitas: WT Micro GDR Early Look - Revisiting the GDR Market Six Months Later Amid Strong Momentum

WT Microelectronics (WT Micro) is looking to raise up to US$1bn in its upcoming global depository receipts (GDRs) offering. The firm is also...

Akshat Shah

Aequitas: Powerchip Semiconductor Manufacturing GDR Early Look - Well Flagged US$800m GDR Offering

Powerchip Semiconductor Manufacturing (6770.TT) is looking to raise around US$800m in its upcoming GDR offering. On 28th Apr'26, it announced its...

Akshat Shah

Aequitas: Quanta Computer Inc GDR Early Look - Another Well Flagged US$2.7bn GDR Offering

Quanta Computer Inc. (2382.TT) is looking to raise around US$2.7bn in its upcoming GDRs offering. On 26th Feb 2026, it announced its board’s...

Akshat Shah

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