Daily BriefsIPOs and Placements

Equity Capital Markets: Chunbo Co Ltd, Sichuan Tianqi Lithium Industries, Inc and more

In today’s briefing:

  • Sungeel HiTech IPO Preview
  • ECM Weekly (19th June 2022) – Tianqi, GoAir, China United, Hongjiu Fruit, Airtel/Singtel, ExaWizards

Sungeel HiTech IPO Preview

By Douglas Kim

  • Sungeel Hitech is getting ready to complete its IPO in Korea in July. This is one of the market leaders in the recycling of rechargeable battery materials in Korea. 
  • It has experienced excellent growth in sales and profits. It had revenue of 147.3 billion won (up 123.3% YoY) and operating profit of 16.9 billion won in 2021.
  • The IPO price range is from 40,700 won to 47,500 won. The IPO base deal size ranges from $86 million to $100 million.

ECM Weekly (19th June 2022) – Tianqi, GoAir, China United, Hongjiu Fruit, Airtel/Singtel, ExaWizards

By Sumeet Singh

  • Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
  • IPO volumes remain subdued across the region, although a number of deals are said to be looking to launch soon.
  • Given the recent market volatility, there were no large placements this week.

Before it’s here, it’s on Smartkarma