APAC IPOs & Placements, Aequitas Research

Akshat Shah

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

Nippon Steel Corporation / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/posco-holdings-inc" target="_blank" data-smartkarma-citation="entities:208:1" rel="noopener">POSCO Holdings (005490 KS)</a> is looking to sell its remaining stake in <a href="https://www.smartkarma.com/entities/nippon-steel-corporation" target="_blank" data-smartkarma-citation="entities:961:1" rel="noopener">Nippon Steel Corporation (5401 JP)</a> to raise up to US$154m via a cleanup block trade.</li>
<li>This deal represents 1.6 days of ADV and is around 1% of shares outstanding.</li>
<li>In this note, we will talk about the placement and run the deal through our ECM framework.</li>
</ul>



POSCO Holdings (005490 KS) is looking to sell its remaining stake in Nippon Steel Corporation (5401 JP) to raise up to US$154m via a cleanup block trade.
This deal represents 1.6 days of ADV and is around 1% of shares outstanding.
In this note, we will talk about the placement and run the deal through our ECM framework.


Nippon Steel Placement - Cleanup by Posco Right After Expiry of Previous Deal

<ul>
<li>
<a href="https://www.smartkarma.com/entities/posco-holdings-inc" target="_blank" data-smartkarma-citation="entities:208:1" rel="noopener">POSCO Holdings (005490 KS)</a> is looking to raise up to US$169m via selling some of its stake in <a href="https://www.smartkarma.com/entities/nippon-steel-corporation" target="_blank" data-smartkarma-citation="entities:961:1" rel="noopener">Nippon Steel Corporation (5401 JP)</a>.</li>
<li>This deal represents 1.5 days of ADV representing around 0.7% of shares outstanding.</li>
<li>In this note, we will talk about the placement and run the deal through our ECM framework.</li>
</ul>



POSCO Holdings (005490 KS) is looking to raise up to US$169m via selling some of its stake in Nippon Steel Corporation (5401 JP).
This deal represents 1.5 days of ADV representing around 0.7% of shares outstanding.
In this note, we will talk about the placement and run the deal through our ECM framework.


Nippon Steel Placement - Relatively Small Deal with Recent Pick-Up in Momentum

Japan

Nippon Steel & Sumikin Texeng Co Ltd performs civil engineering works, building a variety of buildings nationwide. The Company also designs, manufactures, and constructs computer control systems for factory automation such as metal production facilities. Nippon Steel & Sumikin Texeng is affiliated with Nippon Steel, which operates real estate businesses.

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Nippon Steel & Sumikin Texen (1819 JP)

Nippon Steel Placement - Cleanup by Posco Right After Expiry of Previous Deal

Posco Holdings is looking to sell its remaining stake in Nippon Steel (5401 JP) to raise up to US$154m via a cleanup block trade.

Akshat Shah

Nippon Steel Placement - Relatively Small Deal with Recent Pick-Up in Momentum

Posco Holdings is looking to raise up to US$169m via selling some of its stake in Nippon Steel (5401 JP). In this note, we will talk about the...

Akshat Shah

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)