APAC IPOs & Placements, Aequitas Research

Clarence Chu

APAC 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

Migao Group Holdings / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/migao-group-holdings" target="_blank" data-smartkarma-citation="entities:40976:1" rel="noopener">Migao Group Holdings (9879 HK)</a> is looking to raise up to US$124m in its Hong Kong IPO.</li>
<li>Migao Group (Migao) is a vertically-integrated national potash fertilizer company in China.</li>
<li>In this note, we look at the firm’s past performance and share our thoughts on valuation.</li>
</ul>



Migao Group Holdings (9879 HK) is looking to raise up to US$124m in its Hong Kong IPO.
Migao Group (Migao) is a vertically-integrated national potash fertilizer company in China.
In this note, we look at the firm’s past performance and share our thoughts on valuation.


Migao Group IPO - Last Listing Didn’t Do Well, This One Might Struggle Too

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

Tata Consultancy Svcs / Equity Capital Markets

<ul>
<li>Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.</li>
<li>On the IPO front, <a href="https://www.smartkarma.com/entities/trial-holdings-inc" target="_blank" data-smartkarma-citation="entities:36821:1" rel="noopener">Trial Holdings (5882 JP)</a> ended up doing better than we expected, while Hong Kong finally got its first US$100m+ listing for the year.</li>
<li>For placements, India was again at the forefront, this time with a not-so-pleasant results of <a href="https://www.smartkarma.com/entities/tata-consultancy-svcs-ltd" target="_blank" data-smartkarma-citation="entities:18708:1" rel="noopener">Tata Consultancy Svcs (TCS IN)</a>. </li>
</ul>


Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
On the IPO front, Trial Holdings (5882 JP) ended up doing better than we expected, while Hong Kong finally got its first US$100m+ listing for the year.
For placements, India was again at the forefront, this time with a not-so-pleasant results of Tata Consultancy Svcs (TCS IN). 


ECM Weekly (25th Mar 2024) - TCS, Akeso, Coforge, ABSL, Tokio Marine, Trial, Migao, Mixue, Reddit

Hong Kong

Migao Group Holdings Limited manufactures and distributes potash fertilizer products. The Company produces potassium chloride, potassium nitrate, potassium sulphate, compound fertilizers, and other products. Migao Group Holdings markets its products throughout Hong Kong.

Migao Group IPO - Last Listing Didn’t Do Well, This One Might Struggle Too

Migao Group Holdings (9879 HK) is looking to raise up to US$124m in its Hong Kong IPO.In this note, we look at the firm’s past performance and...

Clarence Chu

ECM Weekly (25th Mar 2024) - TCS, Akeso, Coforge, ABSL, Tokio Marine, Trial, Migao, Mixue, Reddit

Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.

Sumeet Singh