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.
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MIXUE Pre-IPO - Initial Thoughts on Valuation
Mixue Group is looking to raise about US$1bn in its upcoming Hong Kong IPO. In this note, we provide our earnings estimates and initial thoughts on...
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Pre-IPO Sichuan Baicha Baidao Industrial - High Profitability and Growth May Not Be Sustainable
Facing fierce homogeneous competition in lower-tier cities, It's a question mark if Baicha Baidao would maintain its market share, revenue growth...
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Belle Fashion Pre-IPO - Refiling Updates
Belle Fashion (BF) aims to raise up to US$1bn in its Hong Kong listing. The company recently refiled its application proof after a gap of two years.
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Auntea Jenny (Shanghai) Industrial Pre-IPO - The Negatives - Improving Margins Playing Catch Up
Auntea Jenny (Shanghai) Industrial (AJI HK) is looking to raise around US$300m in its upcoming Hong Kong IPO. In this note, we will talk about the...
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