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

Wuxi Lead Intelligent Equipmen / Equity Capital Markets

Wuxi Lead Intelligent Equipmen (300450 CH)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/wuxi-lead-intelligent-equipmen" target="_blank" data-smartkarma-citation="entities:27971:1" rel="noopener">Wuxi Lead Intelligent Equipmen (300450 CH)</a>, aims to raise around US$550m in its H-share listing.</li>
<li>WLIE is a global platform-based intelligent equipment enterprise, offering intelligent equipment and solutions to a wide range of emerging and high-end manufacturing industries.</li>
<li>We have looked at the company’s past performance in our previous note. In this note, we talk about the pricing.</li>
</ul>



Wuxi Lead Intelligent Equipmen (300450 CH), aims to raise around US$550m in its H-share listing.
WLIE is a global platform-based intelligent equipment enterprise, offering intelligent equipment and solutions to a wide range of emerging and high-end manufacturing industries.
We have looked at the company’s past performance in our previous note. In this note, we talk about the pricing.


Aequitas: Wuxi Lead Intelligent Equipment A/H Listing - Quality Asset, Slightly Tight Pricing

<ul>
<li>
<a href="https://www.smartkarma.com/entities/wuxi-lead-intelligent-equipmen" target="_blank" data-smartkarma-citation="entities:27971:1" rel="noopener">Wuxi Lead Intelligent Equipmen (300450 CH)</a>, aims to raise up to US$700m in its H-share listing.</li>
<li>WLIE is a global platform-based intelligent equipment enterprise, offering intelligent equipment and solutions to a wide range of emerging and high-end manufacturing industries.</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>



Wuxi Lead Intelligent Equipmen (300450 CH), aims to raise up to US$700m in its H-share listing.
WLIE is a global platform-based intelligent equipment enterprise, offering intelligent equipment and solutions to a wide range of emerging and high-end manufacturing industries.
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: Wuxi Lead Intelligent Equipment 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.

Quantitative Analysis

<ul>
<li>We analyse the changes of A-H premium on 200 stocks over the last week. The average A-H premium was 92.3% as of Oct 9th.</li>
<li>The average A-H premium changed by 3.7ppt week-on-week, led by materials, industrials, utilities.</li>
<li>We highlight weekly changes in A-H premium for Innocare, Ganfenglithium, China East Air, Yofc.</li>
</ul>


We analyse the changes of A-H premium on 200 stocks over the last week. The average A-H premium was 92.3% as of Oct 9th.
The average A-H premium changed by 3.7ppt week-on-week, led by materials, industrials, utilities.
We highlight weekly changes in A-H premium for Innocare, Ganfenglithium, China East Air, Yofc.


A-H Premium Weekly (Oct 9th): Innocare, Ganfenglithium, China East Air, Yofc

Shanghai Putailai New Energy T / Equity Capital Markets

Shanghai Putailai New Energy T (603659 CH)

<ul>
<li>Putailai, a lithium-ion battery materials and equipment supplier, is seeking an A+H listing. CICC is the sole sponsor.</li>
<li>We look at the company's core segments: battery key materials and battery automation equipment.</li>
<li>We discuss our preliminary thoughts on the company's valuation based on the A-H premium.</li>
</ul>


Putailai, a lithium-ion battery materials and equipment supplier, is seeking an A+H listing. CICC is the sole sponsor.
We look at the company's core segments: battery key materials and battery automation equipment.
We discuss our preliminary thoughts on the company's valuation based on the A-H premium.


Putailai (璞泰来) A+H Pre-IPO: Early Thoughts

Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

Robotechnik Intelligent Te-A / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/robotechnik-intelligent-te-a" target="_blank" data-smartkarma-citation="entities:29824:1" rel="noopener">Robotechnik Intelligent Te-A (300757 CH)</a> has dual-listed H-shares (3757 HK) today.  The company operates in the automation equipment industry, primarily serving the PV solar cell and electronics/semiconductor industries.
</li>
<li>RoboTechnik ranked first among all brands in China's industrial robot market by shipment volume in H1 2026 and has held the top position among domestic brands for eight consecutive years. </li>
<li>The company's risks include: solar overcapacity, intense competition, regulatory &amp; geopolitical issues, customer concentration, capital needs, rising leverage, and governance issues.  </li>
</ul>



Robotechnik Intelligent Te-A (300757 CH) has dual-listed H-shares (3757 HK) today.  The company operates in the automation equipment industry, primarily serving the PV solar cell and electronics/semiconductor industries.

RoboTechnik ranked first among all brands in China's industrial robot market by shipment volume in H1 2026 and has held the top position among domestic brands for eight consecutive years. 
The company's risks include: solar overcapacity, intense competition, regulatory &amp; geopolitical issues, customer concentration, capital needs, rising leverage, and governance issues.  


HK IPO WATCH: RoboTechnik Intelligent Technology - Automating the Solar Sector !!

China

Wuxi Lead Intelligent Equipment Co Ltd is a manufacturer of high-tech equiptments. The company designs and manufactures electronic capacitors, solar energy equipments and lithium batteries equipments.

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Wuxi Lead Intelligent Equipmen (300450 CH)

Aequitas: Wuxi Lead Intelligent Equipment A/H Listing - Quality Asset, Slightly Tight Pricing

Wuxi Lead Intelligent Equipmen (300450 CH), aims to raise around US$550m in its H-share listing. We have looked at the past performance in our...

Sumeet Singh

Aequitas: Wuxi Lead Intelligent Equipment A/H Listing - PHIP Updates and Thoughts on A/H Premium

Wuxi Lead Intelligent Equipmen (300450 CH), aims to raise up to US$700m in its H-share listing. In this note, we talk about the PHIP updates and...

Sumeet Singh

A-H Premium Weekly (Oct 9th): Innocare, Ganfenglithium, China East Air, Yofc

We analyzed A-H premium changes in the past week and highlight A-H premium changes for Innocare, Ganfenglithium, China East Air, Yofc.

Ke Yan, CFA, FRM

Putailai (璞泰来) A+H Pre-IPO: Early Thoughts

Putailai is seeking an A+H listing. In this note, we look at the company's business, its industry context and provide our early thoughts on valuation.

Ke Yan, CFA, FRM

HK IPO WATCH: RoboTechnik Intelligent Technology - Automating the Solar Sector !!

Robotechnik Intelligent Technology is dual-listed on the H-share market today. The company operates in the automation equipment industry, serving...

David Mudd

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