ECM Weekly (24th June 2024)-Webtoon, Guzman, Black Ses, Johor Plant, Bajaj Housing, Infratil, Mizuho
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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Infratil Placement - Riding the AI Wave, but Deal Timing Seems Opportunistic
Infratil Ltd (IFT NZ) aims to raise around US$613m (NZ$1bn) via an institutional placement. In this note, we talk about the deal dynamics and run...
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Auckland Airport Placement - Well Flagged, LO Support but Still a Bit Tricky
Auckland City Council plans to sell around 4.5% of Auckland Intl Airport (AIA NZ) to fund its budget requirements for 2023-24. In this note, we...
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Auckland Airport Possible Placement - Will Be Very Well Flagged US$540m Block
Auckland Airport just reported its full year results, this in effect frees its largest shareholder, Auckland City Council to progress with its...
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Redox IPO Trading - Peers Have Mostly Corrected over the past Month
Redox (RDX AU), a chemical and ingredients distributor, raised around US$270m in its Australia IPO. The stock will begin to trade on 3rd July 2023.
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