Bairong IPO: Trading Debut
Bairong priced its IPO at HK$31.80 and opened around -9% lower at HK$29 in the grey market. Our DCF sensitivity analysis shows that the grey market...
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Bairong IPO Trading - Strong Overall Demand but Comes with Large Retail Allocation
Bairong raised around US$508m in its Hong Kong IPO. We have covered various aspects of the deal in our earlier notes. In this note, we will talk...
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ECM Weekly (28th March 2021) - Bairong, Bilibili HK, Linklogis, Energy Monster, Zhihu, Monde Nissin
Aequitas Research puts out a weekly update on the deals that have been covered by the team recently along with updates for upcoming IPOs.
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Linklogis IPO - Pricey for a Reason
Linklogis, a technology solution provider for supply chain finance in China, is aiming to raise around US$1bn in its Hong Kong IPO. Its investors...
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Freee Secondary Offering: Recent Drop in Multiples Offer a Good Entry
We believe it is worth subscribing to Freee’s secondary offering at the current price as we believe it is unlikely for Freee to trade below 28-30x...
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