ECM Weekly (20 December 2020) - Yidu Tech, Home First Finance, IQiyi, Xinyi Solar, IDP Education
Aequitas Research puts out a weekly update on the deals that have been covered by the team recently along with updates for upcoming IPOs.
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Yidu Tech IPO: Seems to Have a Clear Path to Profits
Yidu Tech has filed for an IPO to raise about US$500m. In this insight, we examine the company’s profitability and its potential to generate...
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IQIYI Placement: Searching for Additional Revenues Amidst Deepening Losses
The Chinese streaming platform iQiyi announced a secondary offering of convertible notes and American Depository Shares on Tuesday. In this...
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Iqiyi Placement – an Attempt to Shore up Short-Term Liquidity
We wrote a few weeks ago that Iqiyi’s short-term liquidity looked ‘stretched’ with worrying signs in its balance sheet. Post the close yesterday,...
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IQiyi Placement - An Ex-Growth Netflix - Needs a Deep Deep Discount
iQiyi aims to raise around US$1.7bn from a CB and primary follow-on offering. The ADS offering is expected to raise around US$900m, with the...
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