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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Kanzhun HK Secondary Listing - Re-IPO but Needs to Correct or Offer a Wider Discount
Kanzhun (BZ US) plans to raise around US$300m via a public offering for its H-shares. In this note, we talk about the deal dynamics.
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Timee US$280m Lockup Expiry - Scattered List of Financial Investors Coming Unlocked
Timee Inc (215A JP) listed in Japan on 26th July 2024 after raising US$300m. Its six-month lockup will expire on 21st Jan 2025.
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Timee IPO Trading - Garnered a Strong Demand, Should Pop
Timee Inc (215A JP) raised US$300m in its Japan IPO. The IPO had been a 100% secondary selldown by existing shareholders.
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Timee Pre-IPO - Thoughts on Valuation - Primed for a Decent Upside at the Current Range
Timee Inc (215A JP) is looking to raise US$290m in its Japan IPO. The IPO will be a 100% secondary selldown by existing shareholders. In this note,...
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