In today’s briefing:
- Keymed Bioscience Placement – Track Record Isn’t Great but Recent Performance Has Been Better
- Saint Bella Pre-IPO: A Few Things to like but Still Unprofitable
- Kitazato IPO – Isn’t Particularly Enticing Apart from the Dividend Yield

Keymed Bioscience Placement – Track Record Isn’t Great but Recent Performance Has Been Better
- Keymed Biosciences (2162 HK), along with its controlling shareholder, is looking to raise around US$112m to fund its R&D requirements.
- Keymed Biosciences, a China-based biotech company which focuses on therapeutic areas of autoimmune and oncology
- In this note, we will talk about the placement and run the deal through our ECM framework.
Saint Bella Pre-IPO: A Few Things to like but Still Unprofitable
- Saint Bella (SAINT HK) is looking to raise $US200m in its upcoming Hong Kong IPO.
- It operates the second largest and fastest growing postpartum care and recovery service in China, as per Frost & Sullivan report.
- In this note, we provide updates on the firm’s past performance.
Kitazato IPO – Isn’t Particularly Enticing Apart from the Dividend Yield
- Kitazato (368A JP) manufactures and sells medical devices and products for fertility treatment. It aims to raise around US$130m in its Japan IPO.
- Kitazato specializes in artificial insemination, in vitro fertilization, cell cryopreservation and reproductive engineering technologies in regenerative medicine.
- In our previous note, we looked at its past performance and other deal dynamics that might impact the listing. In this note, look at the firm’s valuation.
