APAC IPOs & Placements, Aequitas Research

Nicholas Tan

APAC 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

Yusheng Holdings / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/yusheng-holdings-limited" target="_blank" data-smartkarma-citation="entities:48863:1" rel="noopener">Yusheng Holdings (YSH HK)</a> is looking to raise at least US$100m in its upcoming Hong Kong IPO. The deal will be run by Citi and CITIC.</li>
<li>It is a leading used vehicle transaction platform in China, operating under the Taocheche brand.</li>
<li>As per 2025, YH ranked no.1 among Chinese used vehicle transaction platforms by GMV, capturing a 3.8% market share, as per Frost &amp; Sullivan.</li>
</ul>



Yusheng Holdings (YSH HK) is looking to raise at least US$100m in its upcoming Hong Kong IPO. The deal will be run by Citi and CITIC.
It is a leading used vehicle transaction platform in China, operating under the Taocheche brand.
As per 2025, YH ranked no.1 among Chinese used vehicle transaction platforms by GMV, capturing a 3.8% market share, as per Frost &amp; Sullivan.


Aequitas: Yusheng Holdings Pre-IPO Tearsheet

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

<ul>
<li>Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.</li>
<li>On the IPO front, we had a look at the probable US$10-15bn ADR issuance by <a href="https://www.smartkarma.com/entities/sk-hynix-inc" target="_blank" data-smartkarma-citation="entities:16955:1" rel="noopener">SK Hynix (000660 KS)</a> </li>
<li>There were a number of placements over the past week and we also had a look at some of the planned GDR offerings. </li>
</ul>


Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.
On the IPO front, we had a look at the probable US$10-15bn ADR issuance by SK Hynix (000660 KS) 
There were a number of placements over the past week and we also had a look at some of the planned GDR offerings. 


Aequitas ECM Weekly (25 May 2026)-SK Hynix, Kokusai, Hulic, GO, Human Made, Powerchip, Quanta, Dajin

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Aequitas: Yusheng Holdings Pre-IPO Tearsheet

Yusheng Holdings is looking to raise at least US$100m in its upcoming Hong Kong IPO. It is a leading used vehicle transaction platform in China,...

Nicholas Tan

Aequitas ECM Weekly (25 May 2026)-SK Hynix, Kokusai, Hulic, GO, Human Made, Powerchip, Quanta, Dajin

Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.

Sumeet Singh