ECM Weekly (27th Feb 2022) - LIC, SBI Sumishin, Farm Fresh, Yunkang, Shanghai Pulse, Jinmao, IDP Edu
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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Yunkang IPO: Core Business Growth to Slow Down Post-Covid
Yunkang's earnings growth was predominantly driven by Covid-19 over the last two years. We expect earnings growth to slowdown with decline in Covid...
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Jinmao Property Services IPO - Premium Asking Valuation and Cornerstones Took up 80% of Deal
Jinmao Property Services (JM HK) is looking to raise around US$105m in its Hong Kong IPO. In this note, we will look at deal dynamics, assumptions,...
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Yunkang Group Pre-IPO - Would Need to Prove Itself Post-COVID
Yunkang Group (YK HK) is looking to raise about US$200m in its upcoming Hong Kong IPO. While it has managed to grow its on-site centers, it has to...
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