In today’s briefing:
- ECM Weekly (24th Jul 2022) – ANZ, Zomato, LG Energy, Xtep, SoCar, WCP, Thai Life, Beneunder, Ubox
- Thai Life Insurance IPO Trading – One for Domestics and Cornerstones
ECM Weekly (24th Jul 2022) – ANZ, Zomato, LG Energy, Xtep, SoCar, WCP, Thai Life, Beneunder, Ubox
- Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
- There were no major IPO launches during the week. Thai Life will list early next week
- There were no major placements apart from ANZ and a smallish one in Xtep. There are two major lock-up expiries coming up.
Thai Life Insurance IPO Trading – One for Domestics and Cornerstones
- Thai Life Insurance (TLI) raised around US$975m in its Thailand IPO. Cornerstone investors, including GIC, took up around 54% of the deal.
- Thai Life Insurance is one of the largest life insurance companies in Thailand, third by assets. As of Mar 2022, it had 64,000 insurance agents.
- In this note, we talk about allocation and the trading dynamics
💡 Before it’s here, it’s on Smartkarma
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