Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, 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

Suzhou Dongshan Precision A / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/suzhou-dongshan-precision-a" target="_blank" data-smartkarma-citation="entities:8796:1" rel="noopener">Suzhou Dongshan Precision A (002384 CH)</a> (SDPM), a global PCB and other component provider, aims to raise up to US$3bn in its H-share listing.</li>
<li>SDPM was the third largest PCB supplier and seventh largest global transceiver supplier by revenue in 2025, according to CIC.</li>
<li>We have looked at the company’s past performance in our previous note. In this note, we talk about the recent updates and likely A/H premium.</li>
</ul>



Suzhou Dongshan Precision A (002384 CH) (SDPM), a global PCB and other component provider, aims to raise up to US$3bn in its H-share listing.
SDPM was the third largest PCB supplier and seventh largest global transceiver supplier by revenue in 2025, according to CIC.
We have looked at the company’s past performance in our previous note. In this note, we talk about the recent updates and likely A/H premium.


Aequitas: Suzhou Dongshan Precision A/H Listing - PHIP Updates and Thoughts on A/H Premium

APAC IPOs & Placements, Aequitas Research

Hong Jie Seow

APAC IPOs & Placements

Shenzhen Han's CNC Technology / Equity Capital Markets

Shenzhen Han's CNC Technology (301200 CH)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/shenzhen-han-s-cnc-technology" target="_blank" data-smartkarma-citation="entities:36498:1" rel="noopener">Shenzhen Han's CNC Technology (301200 CH)</a> , a PCB production equipment solution provider, raised around US$615m in its H-share listing.</li>
<li>CNC Technology is a leading specialized Printed Circuit Board production equipment solution provider in China, focused on the R&amp;D and manufacturing of equipment used across key stages of PCB manufacturing.</li>
<li>We have covered various aspects of the deal in our previous note. In this note, we will talk about the demand and trading dynamics.</li>
</ul>



Shenzhen Han's CNC Technology (301200 CH) , a PCB production equipment solution provider, raised around US$615m in its H-share listing.
CNC Technology is a leading specialized Printed Circuit Board production equipment solution provider in China, focused on the R&amp;D and manufacturing of equipment used across key stages of PCB manufacturing.
We have covered various aspects of the deal in our previous note. In this note, we will talk about the demand and trading dynamics.


Aequitas: Shenzhen Han’s CNC Technology A/H Trading - Strong Insti Demand, Though Retail Is Decent

<ul>
<li>
<a href="https://www.smartkarma.com/entities/shenzhen-han-s-cnc-technology" target="_blank" data-smartkarma-citation="entities:36498:1" rel="noopener">Shenzhen Han's CNC Technology (301200 CH)</a>, a PCB production equipment solution provider, aims to raise around US$615m in its H-share listing.</li>
<li>CNC Technology is a specialized Printed Circuit Board (PCB) production equipment solution provider in China, focused on the R&amp;D and manufacturing of equipment used across key stages of PCB manufacturing. </li>
<li>We have looked at the past performance and likely A/H premium in our previous note. In this note, we talk about the IPO pricing.</li>
</ul>



Shenzhen Han's CNC Technology (301200 CH), a PCB production equipment solution provider, aims to raise around US$615m in its H-share listing.
CNC Technology is a specialized Printed Circuit Board (PCB) production equipment solution provider in China, focused on the R&amp;D and manufacturing of equipment used across key stages of PCB manufacturing. 
We have looked at the past performance and likely A/H premium in our previous note. In this note, we talk about the IPO pricing.


Aequitas: Shenzhen Han’s CNC Technology A/H Listing - Data Centre Beneficiary Offered At A Discount

<ul>
<li>
<a href="https://www.smartkarma.com/entities/shenzhen-han-s-cnc-technology" target="_blank" data-smartkarma-citation="entities:36498:1" rel="noopener">Shenzhen Han's CNC Technology (301200 CH)</a> , a PCB production equipment solution provider, aims to raise around US$800m in its H-share listing.</li>
<li>CNC Technology is a specialized Printed Circuit Board (PCB) production equipment solution provider in China, focused on the R&amp;D and manufacturing of equipment used across key stages of PCB manufacturing.</li>
<li>In this note, we talk about the recent updates on the company’s past performances, and likely A/H premium.</li>
</ul>



Shenzhen Han's CNC Technology (301200 CH) , a PCB production equipment solution provider, aims to raise around US$800m in its H-share listing.
CNC Technology is a specialized Printed Circuit Board (PCB) production equipment solution provider in China, focused on the R&amp;D and manufacturing of equipment used across key stages of PCB manufacturing.
In this note, we talk about the recent updates on the company’s past performances, and likely A/H premium.


Aequitas: Shenzhen Han’s CNC Technology A/H Listing - PHIP Updates and Thoughts on A/H Premium

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

Shenton Research

Shenton Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

RoboTechnik Intelligent Technology / Equity Capital Markets

RoboTechnik Intelligent Technology (RBTK HK)

<ul>
<li>RoboTechnik, a photovoltaic and silicon photonics manufacturing equipment maker, raised HKD 4,961.3m (USD 632.5m) from its global offering and will list on HKEX on Tuesday, 29 Sep 2026.</li>
<li>In our previous notes, we looked at the company's fundamentals and the deal terms.</li>
<li>In this note, we provide an update for the IPO before its trading debut.</li>
</ul>


RoboTechnik, a photovoltaic and silicon photonics manufacturing equipment maker, raised HKD 4,961.3m (USD 632.5m) from its global offering and will list on HKEX on Tuesday, 29 Sep 2026.
In our previous notes, we looked at the company's fundamentals and the deal terms.
In this note, we provide an update for the IPO before its trading debut.


China

Shenzhen Han's CNC Technology Co., Ltd. produces and sells computer numerical control(CNC) production equipment. The Company manufactures and markets printed circuit board(PCB) laser equipment, PCB CNC drilling and milling machines, and other products. Shenzhen Han's CNC Technology markets its products throughout China.

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Shenzhen Han's CNC Technology (301200 CH)

Aequitas: Suzhou Dongshan Precision A/H Listing - PHIP Updates and Thoughts on A/H Premium

Suzhou Dongshan Precision (002384 CH), a global PCB and other component provider, aims to raise up to US$3bn in its H-share listing. In this note,...

Sumeet Singh

Aequitas: Shenzhen Han’s CNC Technology A/H Trading - Strong Insti Demand, Though Retail Is Decent

Shenzhen Han's CNC Technology raised US$615m in H-share listing, a PCB production equipment provider in China focusing on R&D and manufacturing.

Hong Jie Seow

Aequitas: Shenzhen Han’s CNC Technology A/H Listing - Data Centre Beneficiary Offered At A Discount

Shenzhen Han's CNC Technology plans to raise $615m in H-share listing as a specialized PCB production equipment provider in China.

Hong Jie Seow

Aequitas: Shenzhen Han’s CNC Technology A/H Listing - PHIP Updates and Thoughts on A/H Premium

Shenzhen Han's CNC Technology plans to raise $800m in H-share listing as a specialized PCB production equipment provider in China.

Hong Jie Seow

RoboTechnik (罗博特科) IPO Trading

RoboTechnik raised USD 632m in net proceeds to list on HKEX on Tuesday, 29 Sep 2026. We are cautious on debut performance given lukewarm...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Aequitas: Suzhou Dongshan Precision A/H Listing - PHIP Updates and Thoughts on A/H Premium

Suzhou Dongshan Precision (002384 CH), a global PCB and other component provider, aims to raise up to US$3bn in its H-share listing. In this note,...

Sumeet Singh

Aequitas: Shenzhen Han’s CNC Technology A/H Trading - Strong Insti Demand, Though Retail Is Decent

​Shenzhen Han's CNC Technology raised US$615m in H-share listing, a PCB production equipment provider in China focusing on R&D and manufacturing.

Hong Jie Seow

Aequitas: Shenzhen Han’s CNC Technology A/H Listing - Data Centre Beneficiary Offered At A Discount

​Shenzhen Han's CNC Technology plans to raise $615m in H-share listing as a specialized PCB production equipment provider in China.

Hong Jie Seow

Aequitas: Shenzhen Han’s CNC Technology A/H Listing - PHIP Updates and Thoughts on A/H Premium

​Shenzhen Han's CNC Technology plans to raise $800m in H-share listing as a specialized PCB production equipment provider in China.

Hong Jie Seow

RoboTechnik (罗博特科) IPO Trading

RoboTechnik raised USD 632m in net proceeds to list on HKEX on Tuesday, 29 Sep 2026. We are cautious on debut performance given lukewarm...

Ke Yan, CFA, FRM

Shenzhen Han's CNC Technology raised US$615m in H-share listing, a PCB production equipment provider in China focusing on R&D and manufacturing.

Shenzhen Han's CNC Technology plans to raise $615m in H-share listing as a specialized PCB production equipment provider in China.

Shenzhen Han's CNC Technology plans to raise $800m in H-share listing as a specialized PCB production equipment provider in China.