Daily BriefsECM

Daily Brief ECM: Growatt Technology Pre-IPO – Still Looks Good and more

In today’s briefing:

  • Growatt Technology Pre-IPO – Still Looks Good, Updated Thoughts on Valuation
  • TS Group (Global) Pre-IPO Tearsheet

Growatt Technology Pre-IPO – Still Looks Good, Updated Thoughts on Valuation

By Ethan Aw

  • Growatt Technology (1833969D CH) is looking to raise about US$1bn in its upcoming Hong Kong IPO. 
  • Growatt Technology is a global distributed energy solution provider, specializing in sustainable energy generation, storage and consumption, as well as energy digitalization. 
  • In our previous notes, we looked at various aspects of the company’s performance. In this note, we’ll provide our updated thoughts on the company’s valuation. 

TS Group (Global) Pre-IPO Tearsheet

By Clarence Chu

  • TS Group (Global) (TS HK) is looking to raise at least US$100m in its upcoming Hong Kong IPO. The bookrunners are JPM, and China Merchant Securities. 
  • TS Group (Global) is a container shipping firm primarily focusing on the Asia region, which as  per the Drewry report, is the largest and one of the fastest growing regions.
  • As of Jun 2022, it had a total of 52 vessels, consisting of 26 owned vessels and 26 chartered-in vessels, with a total capacity of 107,907 total equivalent units (TEU).

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