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

<ul>
<li><strong>Aequitas Research puts out a weekly update on the deals that have been covered by the team recently along with updates for upcoming IPOs. </strong></li>
<li>Hong Kong ECM took yet another hit with China Tourism Group deciding to delay its H-Share listing citing poor market condition</li>
<li>On 2nd Dec 2021, SEC issued the final amendments for implementation of HFCAA which will China ADRs going forward. </li>
</ul>


Aequitas Research puts out a weekly update on the deals that have been covered by the team recently along with updates for upcoming IPOs. 
Hong Kong ECM took yet another hit with China Tourism Group deciding to delay its H-Share listing citing poor market condition
On 2nd Dec 2021, SEC issued the final amendments for implementation of HFCAA which will China ADRs going forward. 


ECM Weekly (5th December 2021) - Weibo, Asymchem, Grab, Yonghe, Gushengtang, Siam Makro, SF Intra

Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

Yonghe Medical Group / Equity Capital Markets

<ul>
<li>Yonghe Medical, the leading hair transplant clinic chain in China launched book building to raise up to USD 191m via a Hong Kong listing.</li>
<li>In the previous note, we look at the company's service, key operating metrics, and the financials. We also provided our thoughts on valuation.</li>
<li>In this note, we provide an update for the book building. We will run the deal through our ECM framework and provide an update on the deal.</li>
</ul>


Yonghe Medical, the leading hair transplant clinic chain in China launched book building to raise up to USD 191m via a Hong Kong listing.
In the previous note, we look at the company's service, key operating metrics, and the financials. We also provided our thoughts on valuation.
In this note, we provide an update for the book building. We will run the deal through our ECM framework and provide an update on the deal.


Yonghe Medical (雍禾医疗) IPO: Fairly Valued

<ul>
<li>Yonghe Medical is a leading hair transplant clinic chain in China. The company is looking to raise up to USD 300 million via a Hong Kong listing.</li>
<li>We look at the company's service, key operating metrics, and the financials. We also provide our thoughts on valuation.</li>
<li>We think the company has an interesting angle but we also highlight the key issue of its business model.</li>
</ul>


Yonghe Medical is a leading hair transplant clinic chain in China. The company is looking to raise up to USD 300 million via a Hong Kong listing.
We look at the company's service, key operating metrics, and the financials. We also provide our thoughts on valuation.
We think the company has an interesting angle but we also highlight the key issue of its business model.


Yonghe Medical (雍禾医疗) Pre-IPO: Sales-Driven Business Model

HK/China Healthcare Analyst (ex-Fosun Pharma)

Xinyao (Criss) Wang

<p>Modern fast pace of life and huge work pressure make hair loss anxiety spread to all kinds of groups. As people pay more attention to hair, the awareness of hair health and management is gradually awakening, and hair transplantation is one of the solutions. On June 17, <a href="https://www.smartkarma.com/entities/yonghe-medical-group-co-ltd" target="_blank" data-smartkarma-citation="entities:33521:1" rel="noopener">Yonghe Medical Group (YMG HK)</a> formally submitted its prospectus to the HKEX and planned to be listed on the main board. If everything goes well, Yonghe will be the first listed company in the field of hair transplantation in China. However, despite the promising market potential, there are some concerns of the Company that deserve investors’ attention.</p>

Modern fast pace of life and huge work pressure make hair loss anxiety spread to all kinds of groups. As people pay more attention to hair, the awareness of hair health and management is gradually awakening, and hair transplantation is one of the solutions. On June 17, Yonghe Medical Group (YMG HK) formally submitted its prospectus to the HKEX and planned to be listed on the main board. If everything goes well, Yonghe will be the first listed company in the field of hair transplantation in China. However, despite the promising market potential, there are some concerns of the Company that deserve investors’ attention.

Pre-IPO Yonghe Medical Group - Here Are the Concerns

Hong Kong

Yonghe Medical Group Co Ltd offers-stop-shop hair-related healthcare services. The Company provides hair transplatn, medical hair care, eyebrow planting services. Yonghe Medical Group conducts businesses in China

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Yonghe Medical Group (2279 HK)

ECM Weekly (5th December 2021) - Weibo, Asymchem, Grab, Yonghe, Gushengtang, Siam Makro, SF Intra

Aequitas Research puts out a weekly update on the deals that have been covered by the team recently along with updates for upcoming IPOs.

Sumeet Singh

Yonghe Medical (雍禾医疗) IPO: Fairly Valued

We provide an update for Yonghe Medical's book building. We think the deal is fairly valued against our valuation and will not participate in the...

Ke Yan, CFA, FRM

Yonghe Medical (雍禾医疗) Pre-IPO: Sales-Driven Business Model

Yonghe Medical is a leading hair transplant clinic chain in China. We look at the company's service, key operating metrics, and the financials. We...

Ke Yan, CFA, FRM

Pre-IPO Yonghe Medical Group - Here Are the Concerns

The article analyzed Yonghe Medical Group in terms of the concerns and challenges that deserve investors’ attention,including the business...

Xinyao (Criss) Wang

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52-week Range

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