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.

Equity Capital Markets

CNGR Advanced Material   / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/cngr-advanced-material-co-ltd" target="_blank" data-smartkarma-citation="entities:33189:1" rel="noopener">CNGR Advanced Material (300919 CH)</a> is looking to raise up to US$500m in its upcoming Hong Kong IPO.</li>
<li>CNGR is a Chinese battery-component producer and a new energy materials company. It is the global leader of nickel-based and cobalt-based pCAM (cathode) for lithium-ion batteries.</li>
<li>In this note, we examine the IPO dynamics, and look at the firm’s valuation.</li>
</ul>



CNGR Advanced Material (300919 CH) is looking to raise up to US$500m in its upcoming Hong Kong IPO.
CNGR is a Chinese battery-component producer and a new energy materials company. It is the global leader of nickel-based and cobalt-based pCAM (cathode) for lithium-ion batteries.
In this note, we examine the IPO dynamics, and look at the firm’s valuation.


CNGR A/H Listing: Healthy A/H Premium and Cheap Valuation

<ul>
<li>
<a href="https://www.smartkarma.com/entities/cngr-advanced-material-co-ltd" target="_blank" data-smartkarma-citation="entities:33189:1" rel="noopener">CNGR Advanced Material (300919 CH)</a>, a Chinese battery-component producer, aims to raise up to US$700m in its H-share listing.</li>
<li>CNGR is a Chinese battery-component producer and a new energy materials company.</li>
<li>In this note, we look at its past performance and other deal dynamics that might impact the listing.</li>
</ul>



CNGR Advanced Material (300919 CH), a Chinese battery-component producer, aims to raise up to US$700m in its H-share listing.
CNGR is a Chinese battery-component producer and a new energy materials company.
In this note, we look at its past performance and other deal dynamics that might impact the listing.


CNGR A/H Listing: PHIP Update and Thoughts on A/H Premium

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/cngr-advanced-material-co-ltd" target="_blank" data-smartkarma-citation="entities:33189:1" rel="noopener">CNGR Advanced Material (300919 CH)</a>, a new energy materials company, has filed its PHIP for an H Share listing to raise US$700 million.     </li>
<li>CNGR ranked first globally in 2024 in terms of sales value for all cathode active material precursors (pCAM) products, with a market share of 21.8%.</li>
<li>The fundamentals are solid, with good growth, a relatively stable margin profile, declining cash burn, manageable leverage, and an undemanding valuation. </li>
</ul>



CNGR Advanced Material (300919 CH), a new energy materials company, has filed its PHIP for an H Share listing to raise US$700 million.     
CNGR ranked first globally in 2024 in terms of sales value for all cathode active material precursors (pCAM) products, with a market share of 21.8%.
The fundamentals are solid, with good growth, a relatively stable margin profile, declining cash burn, manageable leverage, and an undemanding valuation. 


CNGR Advanced Material H Share Listing: The Investment Case

<ul>
<li>
<a href="https://www.smartkarma.com/entities/cngr-advanced-material-co-ltd" target="_blank" data-smartkarma-citation="entities:33189:1" rel="noopener">CNGR Advanced Material (300919 CH)</a> , a Chinese battery-component producer, aims to raise around US$500m in its H-share listing.</li>
<li>CNGR is a Chinese battery-component producer, and labels itself as a new energy materials company.</li>
<li>In this note, we look at its past performance and other deal dynamics that might impact the listing.</li>
</ul>



CNGR Advanced Material (300919 CH) , a Chinese battery-component producer, aims to raise around US$500m in its H-share listing.
CNGR is a Chinese battery-component producer, and labels itself as a new energy materials company.
In this note, we look at its past performance and other deal dynamics that might impact the listing.


CNGR A/H Listing: Supplier for Tesla Looking to Expand Production

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

<ul>
<li>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.</li>
<li>On the IPO front, all markets were in full throttle mode going into the year end.</li>
<li>On the placements front, there were a number of deals across the region.</li>
</ul>


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.
On the IPO front, all markets were in full throttle mode going into the year end.
On the placements front, there were a number of deals across the region.


ECM Weekly (17 November 2025) -Softcare, Northsand, Human Made, Lenskart, Pine Labs, Klook, Sagility

China

CNGR Advanced Material Co.,Ltd. produces and sells new materials. The Company provides lithium battery cathode material precursors development, production, processing, sales, and other services. CNGR Advanced Material markets its products worldwide.

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CNGR Advanced Material (300919 CH)

CNGR A/H Listing: Healthy A/H Premium and Cheap Valuation

Chinese battery-component producer CNGR Advanced Material aims to raise up to $500m in Hong Kong IPO, leading in nickel-based and cobalt-based...

Nicholas Tan

CNGR A/H Listing: PHIP Update and Thoughts on A/H Premium

CNGR, a Chinese battery-component producer, aims to raise up to US$700m in its H-share listing. In this note, we look at its PHIP updates and other...

Nicholas Tan

CNGR A/H Listing: Supplier for Tesla Looking to Expand Production

CNGR, a Chinese battery-component producer, aims to raise around US$500m in its H-share listing. In this note, we look at its past performance and...

Nicholas Tan

ECM Weekly (17 November 2025) -Softcare, Northsand, Human Made, Lenskart, Pine Labs, Klook, Sagility

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.

Sumeet Singh

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

CNGR A/H Listing: Healthy A/H Premium and Cheap Valuation

​Chinese battery-component producer CNGR Advanced Material aims to raise up to $500m in Hong Kong IPO, leading in nickel-based and cobalt-based...

Nicholas Tan

CNGR A/H Listing: PHIP Update and Thoughts on A/H Premium

CNGR, a Chinese battery-component producer, aims to raise up to US$700m in its H-share listing. In this note, we look at its PHIP updates and other...

Nicholas Tan

CNGR Advanced Material H Share Listing: The Investment Case

CNGR, a new energy materials company, has filed its PHIP for an H Share listing to raise US$700 million. In this note, I discuss the investment case.

Arun George

CNGR A/H Listing: Supplier for Tesla Looking to Expand Production

CNGR, a Chinese battery-component producer, aims to raise around US$500m in its H-share listing. In this note, we look at its past performance and...

Nicholas Tan

ECM Weekly (17 November 2025) -Softcare, Northsand, Human Made, Lenskart, Pine Labs, Klook, Sagility

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.

Sumeet Singh

Chinese battery-component producer CNGR Advanced Material aims to raise up to $500m in Hong Kong IPO, leading in nickel-based and cobalt-based...