In today’s briefing:
- Deepexi Technology Pre-IPO Tearsheet
- Gold Plus Glass Industry Pre-IPO – Volatile Margins and Rising Debt
Deepexi Technology Pre-IPO Tearsheet
- Deepexi Technology (1843779D CH) (DT) is looking to raise atleast US$100m in its upcoming Hong Kong IPO. The deal will be run by CITIC, CMBC, Guotai, Bocom International and SPDB International.
- The firm specializes in delivering AI solutions to enterprises to integrate their data, decisions and operations efficiently at scale.
- DT ranked first among specialized providers of large model AI application solutions in China’s enterprise large model AI application solution market in terms of revenue in 2024, according to F&S.
Gold Plus Glass Industry Pre-IPO – Volatile Margins and Rising Debt
- Gold Plus Glass Industry Ltd (GPGI IN) is planning to raise about US$200m in its upcoming India IPO.
- Gold Plus Glass Industry Ltd (GPGI) is engaged in the manufacturing of float glass, mirrors, and other value-added types of glass.
- According to the CRISIL Report, GPGI was India’s second-largest float glass manufacturer, holding a 22% market share as of Sept 2023.
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