ECM Weekly (18th June 2023) - JD Property, Tata Tech, SBFC Fin, Auckland Air, Weilong, Sula, Abacus
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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JD Industrials Pre-IPO - Initial Thoughts on Valuation
JD Industrials is looking to raise about US$1bn in its upcoming HK IPO. In this note, we talk about our initial thoughts on valuations.
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Rakuten Bank (5838 JP) - Attractive Versus Domestic Neobank Peers, with Added Technical Support
Fundamentally attractive Rakuten Bank also benefits from imminent TOPIX index inclusion; aside from premium growth prospects and low PEG, it is the...
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JD Industrials Pre-IPO - Peer Comparison - Some Interesting Nuggets from Peer Filings
JD Industrials is looking to raise about US$1bn in its upcoming HK IPO.  In this note we talk about some additional useful information that we...
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Rakuten (4755 JP) - A Tricky Offering But Lots of Non-Fundamental Long Demand
Rakuten Group surprised the market with a big offer. The last one surprised too. Both were to pay down debt. Many will stay away. How many buy the...
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