Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

Equity Capital Markets

<ul>
<li>CiDi, a China's leading provider of AD technology for commercial vehicles, will tap equity markets in Hong Kong for growth capital.</li>
<li>The autonomous driving company with focus on autonomous mining and logistics trucks, V2X technologies, and high-performance perception solutions, filed its IPO prospectus.</li>
<li>I like CiDi’s leadership position in autonomous mining industry, hyper-growth trajectory and differentiated full-stack autonomous mining solution.</li>
</ul>


CiDi, a China's leading provider of AD technology for commercial vehicles, will tap equity markets in Hong Kong for growth capital.
The autonomous driving company with focus on autonomous mining and logistics trucks, V2X technologies, and high-performance perception solutions, filed its IPO prospectus.
I like CiDi’s leadership position in autonomous mining industry, hyper-growth trajectory and differentiated full-stack autonomous mining solution.


CiDi IPO Preview: Uniquely Positioned For Growth In Autonomous Mining and Logistics Trucks

<ul>
<li>Pony AI, a China’s robotaxi operator and self-driving technology company, plans to raise up to $360M in upcoming IPO and concurrent private placements.</li>
<li>Pony AI is expected to IPO next week. The company’s amended F-1 puts the price range per ADS at $11.00-$13.00, implying a market cap of ~$4.2B at the midpoint.</li>
<li>I believe Pony AI may price its IPO at the bottom of a range after WeRide’s mixed debut. IPO valuation suggests a drop from last round valuation of ~$8.5B.</li>
</ul>


Pony AI, a China’s robotaxi operator and self-driving technology company, plans to raise up to $360M in upcoming IPO and concurrent private placements.
Pony AI is expected to IPO next week. The company’s amended F-1 puts the price range per ADS at $11.00-$13.00, implying a market cap of ~$4.2B at the midpoint.
I believe Pony AI may price its IPO at the bottom of a range after WeRide’s mixed debut. IPO valuation suggests a drop from last round valuation of ~$8.5B.


Pony AI IPO Pricing: The Bottom Of a Range Looks Reasonable After WeRide’s Mixed Debut

APAC IPOs & Placements, Aequitas Research

Nicholas Tan

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.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/cidi-inc" target="_blank" data-smartkarma-citation="entities:44089:1" rel="noopener">CiDi Inc (CIDI HK)</a> is looking to raise about US$200m in its upcoming Hong Kong IPO. The deal will be run by CICC, China Securities and Ping An.</li>
<li>It is a leading provider of autonomous driving technology for commercial vehicles in China.</li>
<li>It focuses on research and development of autonomous mining and logistics trucks, V2X technologies and high-performance perception solutions.</li>
</ul>



CiDi Inc (CIDI HK) is looking to raise about US$200m in its upcoming Hong Kong IPO. The deal will be run by CICC, China Securities and Ping An.
It is a leading provider of autonomous driving technology for commercial vehicles in China.
It focuses on research and development of autonomous mining and logistics trucks, V2X technologies and high-performance perception solutions.


Hong Kong

CiDi is a leading provider of autonomous driving technology for commercial vehicles in China with a focus on research and development of autonomous mining and logistics trucks, V2X technologies and high-performance perception solutions.

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CiDi Inc (CIDI HK)

CiDi IPO Preview: Uniquely Positioned For Growth In Autonomous Mining and Logistics Trucks

CiDi, a China’s provider of driverless mining trucks and V2X technologies, filed to go public in Hong Kong. The company has a strong potential for...

Andrei Zakharov

Pony AI IPO Pricing: The Bottom Of a Range Looks Reasonable After WeRide’s Mixed Debut

Pony AI sets terms for upcoming US IPO. In my insight, I discuss IPO valuation, fundamentals and competitive landscape in the AD space

Andrei Zakharov

CiDi Inc. Pre-IPO Tearsheet

CiDi Inc. is looking to raise about US$200m in its upcoming Hong Kong IPO. It is a leading provider of autonomous driving technology for commercial...

Nicholas Tan

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