Aequitas Research

Hong Jie Seow

Independent Insight Provider

IPOs and Placements coverage across Asia Pacific

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

Deepexi Technology / Equity Capital Markets

<ul>
<li>Deepexi Technology is looking to raise US$100m in its upcoming Hong Kong IPO.</li>
<li>Deepexi Tech has demonstrated strong topline growth, with declines in average order value being offset by growth in customers. Despite growth in the topline, the company still remains deeply unprofitable. </li>
<li>In this note, we look at the company’s past performance.</li>
</ul>


Deepexi Technology is looking to raise US$100m in its upcoming Hong Kong IPO.
Deepexi Tech has demonstrated strong topline growth, with declines in average order value being offset by growth in customers. Despite growth in the topline, the company still remains deeply unprofitable. 
In this note, we look at the company’s past performance.


Deepexi Technology Pre-IPO: Decent Topline Growth But Still Unprofitable

APAC IPOs & Placements, Aequitas Research

Akshat Shah

APAC IPOs & Placements

<ul>
<li>
<a href="https://www.smartkarma.com/entities/deepexi-technology" target="_blank" data-smartkarma-citation="entities:45104:1" rel="noopener">Deepexi Technology (1843779D CH)</a> (DT) is looking to raise atleast US$100m in its upcoming Hong Kong IPO. The deal will be run by CITIC, CMBC, Guotai, Bocom International and SPDB International.</li>
<li>The firm specializes in delivering AI solutions to enterprises to integrate their data, decisions and operations efficiently at scale. </li>
<li>DT ranked first among specialized providers of large model AI application solutions in China’s enterprise large model AI application solution market in terms of revenue in 2024, according to F&amp;S.</li>
</ul>



Deepexi Technology (1843779D CH) (DT) is looking to raise atleast US$100m in its upcoming Hong Kong IPO. The deal will be run by CITIC, CMBC, Guotai, Bocom International and SPDB International.
The firm specializes in delivering AI solutions to enterprises to integrate their data, decisions and operations efficiently at scale. 
DT ranked first among specialized providers of large model AI application solutions in China’s enterprise large model AI application solution market in terms of revenue in 2024, according to F&amp;S.


Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

Tekscend Photomask / Equity Capital Markets

<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, India saw a host of listing, while HK is gearing up a busy year end.</li>
<li>On the placements front, we had a look at some of the IPO lockups. There weren't any large placements this week.</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, India saw a host of listing, while HK is gearing up a busy year end.
On the placements front, we had a look at some of the IPO lockups. There weren't any large placements this week.


ECM Weekly (20 October 2025)- Sany, Seres, JST, Fibocom, Tekscend, FineToday, LG India, DIY, Duality

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Deepexi Technology (1843779D CH)

Deepexi Technology Pre-IPO: Decent Topline Growth But Still Unprofitable

Deepexi Technology plans to raise US$100m in Hong Kong IPO despite remaining deeply unprofitable, with strong topline growth driven by increased...

Hong Jie Seow

Deepexi Technology Pre-IPO Tearsheet

Deepexi Technology (DT) is looking to raise at least US$100m in its upcoming Hong Kong IPO. The deal will be run by CITIC, CMBC, Guotai, Bocom...

Akshat Shah

ECM Weekly (20 October 2025)- Sany, Seres, JST, Fibocom, Tekscend, FineToday, LG India, DIY, Duality

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)

Deepexi Technology Pre-IPO: Decent Topline Growth But Still Unprofitable

​Deepexi Technology plans to raise US$100m in Hong Kong IPO despite remaining deeply unprofitable, with strong topline growth driven by increased...

Hong Jie Seow

Deepexi Technology Pre-IPO Tearsheet

Deepexi Technology (DT) is looking to raise at least US$100m in its upcoming Hong Kong IPO. The deal will be run by CITIC, CMBC, Guotai, Bocom...

Akshat Shah

ECM Weekly (20 October 2025)- Sany, Seres, JST, Fibocom, Tekscend, FineToday, LG India, DIY, Duality

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

Deepexi Technology plans to raise US$100m in Hong Kong IPO despite remaining deeply unprofitable, with strong topline growth driven by increased...