Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, 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

Guangdong Dtech Technology / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/guangdong-dtech-technology-co-ltd" target="_blank" data-smartkarma-citation="entities:50210:1" rel="noopener">Guangdong Dtech Technology</a> (Dtech) raised around US$600m in its H-share listing.</li>
<li>Dtech is an integrated provider of precision manufacturing solutions for key process segments of the global printed circuit board (PCB) fabrication value chain.</li>
<li>We have looked at the past performance and valuations in our previous note. In this note, we talk about the trading dynamics.</li>
</ul>



Guangdong Dtech Technology (Dtech) raised around US$600m in its H-share listing.
Dtech is an integrated provider of precision manufacturing solutions for key process segments of the global printed circuit board (PCB) fabrication value chain.
We have looked at the past performance and valuations in our previous note. In this note, we talk about the trading dynamics.


Aequitas: Guangdong Dtech Technology A/H Trading -Strong Insti Demand, A-Share Correction Won’t Help

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

DZT Research

DZT Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

<ul>
<li>Guangdong Dtech raised HKD 4,665m (USD 600m) from its global offering and will list on the HKEX on Thursday, 9 Jul.</li>
<li>In our previous notes, we looked at the company's fundamentals and the deal terms.</li>
<li>In this note, we provide an update for the IPO before its trading debut.</li>
</ul>


Guangdong Dtech raised HKD 4,665m (USD 600m) from its global offering and will list on the HKEX on Thursday, 9 Jul.
In our previous notes, we looked at the company's fundamentals and the deal terms.
In this note, we provide an update for the IPO before its trading debut.


Guangdong Dtech Technology (鼎泰高科) IPO Trading

Zhongji Innolight   / Equity Capital Markets

<ul>
<li>With over 48 A/H listings since the start of 2025, we look back at some of the trends from the recent listings.</li>
<li>In this note, we will also talk about the overall performance of the cohort of 48 deals. Overall, A/H listings since 2025 have reversed the trend of past A/H listings.</li>
<li>We also have a look at some of the factors that might impact the post deal performance.</li>
</ul>


With over 48 A/H listings since the start of 2025, we look back at some of the trends from the recent listings.
In this note, we will also talk about the overall performance of the cohort of 48 deals. Overall, A/H listings since 2025 have reversed the trend of past A/H listings.
We also have a look at some of the factors that might impact the post deal performance.


Aequitas: A/H Premiums and Recent 48 Deals Performance  - Better Performance, a Look at Correlations

Global Healthcare Analyst

Tina Banerjee

<ul>
<li>Guangdong DTech launched Hongkong IPO to raise nearly HK$4.7B. They provide precision manufacturing solutions, bringing together tools, materials and intelligent equipment for key process segments of PCB fabrication value chain.</li>
<li>Company intends to use the proceeds for enhancing production capacity, for technology R&amp;D, for strategic acquisition/investment, for enterprise-wide digitalization and working capital.</li>
<li>The valuation that Guangdong DTech is seeking through this issue seems relatively premium, but that’s justifiable given the company’s market leadership position.</li>
</ul>


Guangdong DTech launched Hongkong IPO to raise nearly HK$4.7B. They provide precision manufacturing solutions, bringing together tools, materials and intelligent equipment for key process segments of PCB fabrication value chain.
Company intends to use the proceeds for enhancing production capacity, for technology R&amp;D, for strategic acquisition/investment, for enterprise-wide digitalization and working capital.
The valuation that Guangdong DTech is seeking through this issue seems relatively premium, but that’s justifiable given the company’s market leadership position.


Guangdong DTech IPO: Focus On High-End Products, Capacity Expansion Plans Will See This Through

<ul>
<li>Guangdong Dtech Technology launched its Hong Kong IPO at a USD 617m base deal size. CITIC and HSBC are the deal sponsors.</li>
<li>We review the deal terms, cornerstone investors, sponsor track records and valuation.</li>
<li>We would participate, although the implied A-H premium is above our initiation-note fair-premium view.</li>
</ul>


Guangdong Dtech Technology launched its Hong Kong IPO at a USD 617m base deal size. CITIC and HSBC are the deal sponsors.
We review the deal terms, cornerstone investors, sponsor track records and valuation.
We would participate, although the implied A-H premium is above our initiation-note fair-premium view.


Guangdong Dtech (鼎泰高科) A+H IPO: Analysis of Deal Terms

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Guangdong Dtech Technology (DTECH HK)

Guangdong Dtech Technology (鼎泰高科) IPO Trading

Guangdong Dtech raised USD 600m to list on HKEX on Thursday, 9 Jul. We are constructive on debut performance given strong trading in reference...

Ke Yan, CFA, FRM

Aequitas: A/H Premiums and Recent 48 Deals Performance - Better Performance, a Look at Correlations

With over 48 A/H listings since the start of 2025, we look back at some of the trends from the recent listings, including correlations which might...

Sumeet Singh

Guangdong DTech IPO: Focus On High-End Products, Capacity Expansion Plans Will See This Through

Guangdong DTech launches HK IPO to raise nearly HK$4.7B for production capacity, R&D, digitalization, and working capital. Relatively premium...

Tina Banerjee

Guangdong Dtech (鼎泰高科) A+H IPO: Analysis of Deal Terms

We analyze Guangdong Dtech's USD 617m Hong Kong IPO. We review deal terms, cornerstone investors, sponsor track records and valuation. We would...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Aequitas: Guangdong Dtech Technology A/H Trading -Strong Insti Demand, A-Share Correction Won’t Help

Guangdong Dtech Technology (Dtech) raised around US$600m in its H-share listing. In this note, we talk about the trading dynamics.

Sumeet Singh

Guangdong Dtech Technology (鼎泰高科) IPO Trading

Guangdong Dtech raised USD 600m to list on HKEX on Thursday, 9 Jul. We are constructive on debut performance given strong trading in reference...

Ke Yan, CFA, FRM

Aequitas: A/H Premiums and Recent 48 Deals Performance - Better Performance, a Look at Correlations

With over 48 A/H listings since the start of 2025, we look back at some of the trends from the recent listings, including correlations which might...

Sumeet Singh

Guangdong DTech IPO: Focus On High-End Products, Capacity Expansion Plans Will See This Through

​Guangdong DTech launches HK IPO to raise nearly HK$4.7B for production capacity, R&D, digitalization, and working capital. Relatively premium...

Tina Banerjee

Guangdong Dtech (鼎泰高科) A+H IPO: Analysis of Deal Terms

We analyze Guangdong Dtech's USD 617m Hong Kong IPO. We review deal terms, cornerstone investors, sponsor track records and valuation. We would...

Ke Yan, CFA, FRM

Guangdong DTech launches HK IPO to raise nearly HK$4.7B for production capacity, R&D, digitalization, and working capital. Relatively premium...