Pre-IPO FWD Group Holdings (PHIP Updates) - The Pain Points and the Outlook
Based on IPO pricing of HK$38, P/B is 1x, lower than AIA (2.3x), Prudential (1.8x).But if based on embedded value (EV), P/EV of FWD, AIA,...
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ECM Weekly (7 July 2025) - IFBH, HDB, Anjoy, FWD, Lens, Fortior, NTT DC, Daehan, Kanzhun, Nykaa, NH
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.
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FWD IPO Trading - Tepid Demand
FWD Group Holdings (1828 HK), a pan-Asian life insurer founded by Richard Li, raised around US$442m in its HK IPO. In this note, we talk about the...
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Weekly Deals Digest (06 Jul) - Lens Tech, FWD, Geekplus, NTT DC REIT, Fengxiang, HKBN, Insignia
A weekly summary of key developments across ECM and Event-Driven names tracked by us across Hong Kong, Australia, NZ, Singapore, Japan, Indonesia,...
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ECM Weekly (30 June 2025) - FWD, Anjoy, IFBH, HDB Financials, Virgin, Xero, Shinhan, Innovent
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.
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