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

Atour Lifestyle Holdings / Equity Capital Markets

<a href="https://www.smartkarma.com/entities/atour-lifestyle-holdings-limited" target="_blank" data-smartkarma-citation="entities:33481:1" rel="noopener">Atour Lifestyle Holdings (ATAT US)</a> is looking to raise up to US$306m in its U.S. IPO. Atour Lifestyle Holdings (ALH) is the largest upper midscale hotel chain in China in terms of the number of rooms as of December 2020, as per Frost &amp; Sullivan (F&amp;S). As of March 31, 20201, ALH’s hotel network spanned across 131 cities in China with a total of 608 hotels and 71,121 hotel rooms. Additionally, it has a pipeline of 299 hotels with a total of 32,825 rooms under development.In this note, we will look at deal dynamics, assumptions, and share our thoughts on valuation.<ul><li>
<a href="https://www.smartkarma.com/insights/atour-lifestyle-holdings-pre-ipo-visible-growth-resilient-operations" target="_blank" data-smartkarma-citation="insights:53105" rel="noopener">Atour Lifestyle Holdings Pre-IPO - Visible Growth, Resilient Operations</a> </li></ul>

Atour Lifestyle Holdings (ATAT US) is looking to raise up to US$306m in its U.S. IPO. Atour Lifestyle Holdings (ALH) is the largest upper midscale hotel chain in China in terms of the number of rooms as of December 2020, as per Frost &amp; Sullivan (F&amp;S). As of March 31, 20201, ALH’s hotel network spanned across 131 cities in China with a total of 608 hotels and 71,121 hotel rooms. Additionally, it has a pipeline of 299 hotels with a total of 32,825 rooms under development.In this note, we will look at deal dynamics, assumptions, and share our thoughts on valuation.
Atour Lifestyle Holdings Pre-IPO - Visible Growth, Resilient Operations 

Atour Lifestyle Holdings IPO - Reasonable Valuation for a Fast-Growing Brand

<a href="https://www.smartkarma.com/entities/atour-lifestyle-holdings-limited" target="_blank" data-smartkarma-citation="entities:33481:1" rel="noopener">Atour Lifestyle Holdings (ATAT US)</a>  (ALH) is looking to raise up to US$300m in its upcoming U.S. IPO. Atour Lifestyle Holdings (ALH) is the largest upper midscale hotel chain in China in terms of the number of rooms as of December 2020, as per Frost &amp; Sullivan (F&amp;S). As of March 31, 20201, ALH’s hotel network spanned across 131 cities in China with a total of 608 hotels and 71,121 hotel rooms. Additionally, it has a pipeline of 299 hotels with a total of 32,825 rooms under development.In this note, we take a look at ALH's business model, financials and operational data and share our thoughts on the IPO.

Atour Lifestyle Holdings (ATAT US)  (ALH) is looking to raise up to US$300m in its upcoming U.S. IPO. Atour Lifestyle Holdings (ALH) is the largest upper midscale hotel chain in China in terms of the number of rooms as of December 2020, as per Frost &amp; Sullivan (F&amp;S). As of March 31, 20201, ALH’s hotel network spanned across 131 cities in China with a total of 608 hotels and 71,121 hotel rooms. Additionally, it has a pipeline of 299 hotels with a total of 32,825 rooms under development.In this note, we take a look at ALH's business model, financials and operational data and share our thoughts on the IPO.

Atour Lifestyle Holdings Pre-IPO - Visible Growth, Resilient Operations

China

Atour Lifestyle Holdings Limited operates as a holding company. The Company, through its subsidiaries, owns and manages midscale hotel chain through offline and online channels, including mobile application and weixin-wechat mini program. Atour Lifestyle Holdings serves customers in China.

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Atour Lifestyle Holdings (ATAT US)

Atour Lifestyle Holdings IPO - Reasonable Valuation for a Fast-Growing Brand

Atour Lifestyle Holdings is the largest upper midscale hotel chain in China in terms of the number of rooms as of December 2020, as per Frost &...

Zhen Zhou, Toh

Atour Lifestyle Holdings Pre-IPO - Visible Growth, Resilient Operations

Atour Lifestyle Holdings (ALH) is looking to raise up to US$300m in its upcoming U.S. IPO. Atour Lifestyle Holdings (ALH) is the largest upper...

Zhen Zhou, Toh

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