APAC IPOs & Placements

Zhen Zhou, Toh

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

<a href="https://www.smartkarma.com/entities/nayuki-holdings" target="_blank" data-smartkarma-citation="entities:32149:1" rel="noopener">Nayuki Holdings (NYK HK)</a> is looking to raise US$500m in its upcoming Hong Kong IPO. Nayuki is the operator of Nayuki teahouses, a premium modern teahouse chain in China. The company had a network of 420 Nayuki teahouses across 61 cities in China as of September 30, 2020. As per CIC, Nayuki is the most extensive premium modern teahouse network in China in terms of the number of cities covered.In this note, we look at the company's business, financials, and operating data and share our thoughts on them.

Nayuki Holdings (NYK HK) is looking to raise US$500m in its upcoming Hong Kong IPO. Nayuki is the operator of Nayuki teahouses, a premium modern teahouse chain in China. The company had a network of 420 Nayuki teahouses across 61 cities in China as of September 30, 2020. As per CIC, Nayuki is the most extensive premium modern teahouse network in China in terms of the number of cities covered.In this note, we look at the company's business, financials, and operating data and share our thoughts on them.

Nayuki (奈雪) Pre-IPO - Fast-Growing, Cash Flow Positive Teahouse Chain

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

<a href="https://www.smartkarma.com/entities/nayuki-holdings" target="_blank" data-smartkarma-citation="entities:32149:1" rel="noopener">Nayuki Holdings (NYK HK)</a> is the second-largest premium teahouse chain in China accounting for 17.7% of China’s premium modern teahouse market as measured by total retail consumption value in 9M20, according to CIC. Nayuki also has the most extensive teahouse network in China as measured by the number of cities covered, among premium modern teahouse chains in China in 9M20, according to CIC. It has filed for a Hong Kong IPO to raise up to $500 million, according to press reports.<div class="content-highlight">Tea is the most popular drink in China with retail sales around six times of coffee retail sales in 2020. Mirroring the “coffee house” concept which popularized the concept of people hanging out and socializing over innovative coffee drinks, the concept of premium teahouses have emerged. These premium teahouses have rapidly gained popularity as they bring new tea-drinking experiences and benefit from the structural trend of ongoing consumer consumption upgrades driven by higher disposable income. In our view, Nayuki has the right ingredients to offer investors an attractive play on this market. </div>

Nayuki Holdings (NYK HK) is the second-largest premium teahouse chain in China accounting for 17.7% of China’s premium modern teahouse market as measured by total retail consumption value in 9M20, according to CIC. Nayuki also has the most extensive teahouse network in China as measured by the number of cities covered, among premium modern teahouse chains in China in 9M20, according to CIC. It has filed for a Hong Kong IPO to raise up to $500 million, according to press reports.Tea is the most popular drink in China with retail sales around six times of coffee retail sales in 2020. Mirroring the “coffee house” concept which popularized the concept of people hanging out and socializing over innovative coffee drinks, the concept of premium teahouses have emerged. These premium teahouses have rapidly gained popularity as they bring new tea-drinking experiences and benefit from the structural trend of ongoing consumer consumption upgrades driven by higher disposable income. In our view, Nayuki has the right ingredients to offer investors an attractive play on this market. 

Nayuki Holdings IPO Initiation: A New Leaf

Hong Kong

Nayuki Holdings Limited operates as a holding compnay. The Company, through its subsidiaries, produces and retails tea and bakery products. Nayuki serves customers in China.

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Nayuki Holdings (2150 HK)

Nayuki (奈雪) Pre-IPO - Fast-Growing, Cash Flow Positive Teahouse Chain

Nayuki is looking to raise US$500m in its upcoming Hong Kong IPO. Nayuki is the operator of Nayuki teahouses, a premium modern teahouse chain in...

Zhen Zhou, Toh

Nayuki Holdings IPO Initiation: A New Leaf

Nayuki has filed for an HK IPO to raise up to $500m, according to press reports. Nayuki has the right ingredients to offer investors an attractive...

Arun George

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