ECM Weekly (3rd Mar 2025) - Japan Post Bank, JX Advance, Mixue, Chifeng, JSW Cement, Premier, Guzman
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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Japan Post Bank US$4bn Placement - Smaller Deal, Similar Structure, Might Yield Similar Results
Japan Post Holdings (6178 JP) aims to sell around US$4bn worth of Japan Post Bank (7182 JP), trimming its stake to below 50%. In this note, we talk...
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Japan Post Bank (7182 JP): A US$4.2 Billion Secondary Offering
Understanding the potential offer price requires looking at JPH's past sales and recent large Japanese placements. The pricing date is likely 10...
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Japan Post Bank (7182 JP): Japan Post Holding (6178 JP)’s Rumoured Offering
The potential offering would align with JPH’s stated goal of reducing its equity interest in JPB to 50% or less by FY 2025. Compared to its peers,...
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JX Advance Metals Pre-IPO - The Negatives - Isn't There Yet
JX Advance Metal’s (JXAM) parent, ENEOS Holdings (5020 JP), is looking to raise US$2.6bn in its Japan IPO. In this note, we talk about the not-so...
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