In today’s briefing:
- Innogen (银诺医药) Pre-IPO Update: New Data Points
- Prestige Hospitality Ventures Pre-IPO-Marriott-Heavy Portfolio with Other Operating Revenue Concerns
- McGraw Hill IPO: Legacy Publisher to an EdTech Play. Key Facts, Financials and Valuation
- Pine Labs Pre-IPO – The Negatives – …some Segments Slowing, Lots Unexplained
- Veritas Finance Pre-IPO: Fast Growing Lender to the Un/Under-Banked
Innogen (银诺医药) Pre-IPO Update: New Data Points
- Innogen, a China-based near-commercial stage biotech company, is looking to raise at least USD 100 million via a Hong Kong listing. CITIC Securities and CICC are the joint sponsors.
- In this note, we look at changes to the company’s refiled application proof.
- We also did a comparison between the company’s product and PegBio’s PB-119. PegBio was listed on HKEx in May. We also check its products’ online listing.
Prestige Hospitality Ventures Pre-IPO-Marriott-Heavy Portfolio with Other Operating Revenue Concerns
- Prestige Hospitality Ventures Ltd (1831338D IN) is looking to raise about US$317m in its upcoming India IPO.
- Prestige Hospitality Ventures Ltd (PHVL) is part of the Prestige Group. It is a hospitality asset owner and developer focused on luxury, upper upscale, and upper midscale properties in India.
- In this note, we talk about the company’s historical performance.
McGraw Hill IPO: Legacy Publisher to an EdTech Play. Key Facts, Financials and Valuation
- McGraw Hill (MH US) , a leading name in educational publishing, is offering 24.39 mn shares to raise up to USD537 mn targeting an equity valuation of USD4.2 billion.
- McGraw Hill is a global provider of educational content and digital learning solutions, serving the K-12, higher education, and professional learning markets. Digital segment accounted for 65% of its revenues.
- McGraw Hill’s transition from print to predominantly digital positions the company to benefit from several structural shifts in the education sector.
Pine Labs Pre-IPO – The Negatives – …some Segments Slowing, Lots Unexplained
- Pine Labs is looking to raise up to US$1bn in its upcoming India IPO.
- Pine Labs (PL) is a fintech firm focused on digitizing commerce through digital payments and issuing solutions for merchants, consumer brands and enterprises, and financial institutions.
- In this note, we talk about the not-so-positive aspects of the deal.
Veritas Finance Pre-IPO: Fast Growing Lender to the Un/Under-Banked
- Veritas Finance Ltd (1392490D IN) is looking to raise up to US$323m in its upcoming Indian IPO.
- It was established in 2015, and is a non-deposit taking non-banking financial company (NBFC) registered with the Reserve Bank of India (RBI), classified as an ‘NBFC-Middle Layer’.
- In this note, we look at the firm’s past performance.
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