Daily BriefsECM

Daily Brief ECM: Aequitas 2025 Asia IPO Pipeline – Japan and South Korea and more

In today’s briefing:

  • Aequitas 2025 Asia IPO Pipeline – Japan and South Korea
  • Anthem Biosciences Limited Pre-IPO Tearsheet
  • Dongbang Medical IPO Preview
  • Freetech Zhejiang Intelligent Technology Pre-IPO


Aequitas 2025 Asia IPO Pipeline – Japan and South Korea

By Sumeet Singh

  • In this note, we will take a look at the Asia Pacific IPO pipeline for 2025, with a look at Japan & Korea after having looked at HK & India.
  • This list has been compiled on a best effort basis from tracking the company filings and through various other sources.
  • The deals you see in this note are only a part of our full IPO pipeline tracker. Feel free to drop us a message for additional information on these IPOs.

Anthem Biosciences Limited Pre-IPO Tearsheet

By Nicholas Tan

  • Anthem Biosciences (1234D IN) is looking to raise up to US$397m in its upcoming India IPO. The deal will be run by JMF, Citi, JP Morgan and Nomura.
  • It is a Contract Research, Development, and Manufacturing Organization (CRDMO) with fully integrated operations spanning drug discovery, development, and manufacturing.
  • As a one-stop service provider, ABS serves a range of customers, including innovator-focused emerging biotech companies and large pharmaceutical organizations globally.

Dongbang Medical IPO Preview

By Douglas Kim

  • Dongbang Medical is getting ready to complete its IPO in Korea in February 2025. The IPO price range is from 9,000 won to 10,500 won. 
  • According to the bankers’ valuation, the expected market cap of the comps ranges from 191 billion won to 223 billion won.
  • Dongbang Medical specializes in the manufacturing and distribution of acupuncture needles, various cosmetic devices, and other medical devices. 

Freetech Zhejiang Intelligent Technology Pre-IPO

By Nicholas Tan

  • Freetech Intelligent Systems (1901036D CH) is looking to raise up to US$200m in its upcoming Hong Kong IPO.
  • The firm is a leading intelligent driving solutions provider, covering advanced assistance system (ADAS) and autonomous driving system (ADS) technologies.
  • In this note, we look at the firm’s past performance.

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