Cao Cao Pre-IPO: Grossly Overvalued
Cao Cao is looking to raise up to $236m in its upcoming Hong Kong IPO. It is a ride hailing platform in China. In this note, we examine the IPO...
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ECM Weekly (16 June 2025) - Haitian, Sanhua, Kitazato, Primo, Kioxia, Xtalpi, Horizon, Keymed, Wuxi
Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.
655 Views
CaoCao IPO: The Bear Case
CaoCao is the second-largest ride-hailing player in China and is seeking to raise US$200-300 million. In this note, I discuss the key elements of...
672 Views
Weekly Deals Digest (15 Jun) - Haitian, Sanhua, Toyota Industries, Tryt, Fengxiang, HKBN, Mayne
A weekly summary of key developments across ECM and Event-Driven names tracked by us across Hong Kong, Australia, NZ, Singapore, Japan, Indonesia,...
603 Views
Cao Cao Pre-IPO: Accelerating GTV but Still Bleeding and Leveraged
CaoCao is looking to raise up to $US300m in its upcoming Hong Kong IPO. It is a ride hailing platform in China. In this note, we provide updates on...
710 Views