JX Advance Metals Pre-IPO - Thoughts on Valuation
JX Advanced Metals (5016 JP)’s parent, ENEOS Holdings (5020 JP), is looking to raise around US$2.6bn in its Japan IPO. In this note, we talk about...
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JX Advance Metals Pre-IPO - Peer Comparison or Lack Thereof
JX Advanced Metals (5016 JP)’s parent, ENEOS Holdings (5020 JP), is looking to raise around US$2.6bn via selling some of its stake. In this note,...
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Sanrio (8136 JP): The Current Playbook
The offering will likely be priced on 10 December. The average large Japanese placement tends to generate positive returns.
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Hulic (3033 JP): A US$800 Million Secondary Offering
Unlike the 2021 offer, this is a pure secondary offering. It is smaller in terms of outstanding shares and 1-year ADV. The shares are hovering...
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Sanrio (8136 JP): A US$840 Million Secondary Offering
The offering as a percentage of outstanding shares and ADV is small compared to the recent large Japanese placement. Looking at recent large...
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