In today’s briefing:
- InSilico Medicine (英矽智能) IPO: AI Assets as Upside
- Medline Returns to Public Markets in Landmark IPO Debut
- Andersen Debuts as a Public Company in a Milestone IPO for Professional Services
- AceVector Ltd Pre-IPO Tearsheet
- Shanghai Forest Cabin IPO: Delivers Essence-Tial Growth, Investors Can Put A Skin in The Game
InSilico Medicine (英矽智能) IPO: AI Assets as Upside
- InSilico Medicine, an AI-driven drug discovery and development, launched its IPO to raise at least USD 293 million via a Hong Kong listing.
- In this note, we look at the deal terms and provide a valuation for the company.
- We think the valuation is anchored by its innovative assets while the AI asset value provides upside.
Medline Returns to Public Markets in Landmark IPO Debut
- December 17, 2025 — Medline Industries, Inc. (NASDAQ: MDLN) began trading today on the Nasdaq Global Select Market following the pricing of its initial public offering at $29.00 per share.
- Shares opened at $35.00 in their first public trade, representing an immediate gain of approximately 21 percent, and continued to build momentum throughout the session.
- By the close, the stock finished near $41.00, delivering a first-day increase of roughly forty percent and marking one of the most consequential IPO debuts of 2025.
Andersen Debuts as a Public Company in a Milestone IPO for Professional Services
- December 18, 2025 — Andersen Group, Inc. (NYSE: ANDG) began trading yesterday on the New York Stock Exchange following the pricing of its initial public offering.
- Shares opened at $21.00 after pricing at $16.00, representing an opening gain of roughly 31 percent.
- During the session, the stock traded to an intraday high of $24.48 and a low of $20.00 before finishing the day well above its IPO price at $23.50, marking a strong debut for the professional services firm.
AceVector Ltd Pre-IPO Tearsheet
- AceVector Ltd (3673145Z IN) (AVL) is looking to raise about US$100m in its upcoming India IPO. The deal will be run by IIFL and CLSA.
- AVL is a digital commerce ecosystem comprising (i) Snapdeal, a value-focused lifestyle e-commerce marketplace, (ii) Unicommerce, an e-commerce enablement SaaS platform, and (iii) Stellaro Brands-an omnichannel consumer brands retailing business.
- Together, these businesses cover the entire e-commerce value chain across B2C and B2B segments catering to multiple stakeholders vertically- through both online and offline modes and horizontally.
Shanghai Forest Cabin IPO: Delivers Essence-Tial Growth, Investors Can Put A Skin in The Game
- Shanghai Forest Cabin launched its Hongkong IPO aiming to raise up to HK$1086.2M. The company plans to sell 13.97M shares at HK$77.77 per share.
- Shanghai Forest Cabin (SFC) are a premium domestic skincare brand in China with a focus on the anti-wrinkle and firming skincare market, under their flagship brand Forest Cabin.
- The company’s business model is robust. We think Shanghai Forest Cabin issue is attractively priced and investors can surely look to invest in this growth story.
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