Daily BriefsIPOs and Placements

Equity Capital Markets: Nippon Paint Holdings and more

In today’s briefing:

  • Nippon Paint Holdings Placement – Nothing Particularly Exciting, Needs to Correct

Nippon Paint Holdings Placement – Nothing Particularly Exciting, Needs to Correct

By Sumeet Singh

  • A group of shareholders of Nippon Paint Holdings, plan to raise around US$1.4bn via selling nearly 6% of the stock.
  • The shares haven’t done much this year and despite having corrected by around 40% since the start of 2021, they are trading just about inline with analyst average target price.
  • In this note, we will talk about the deal dynamics and run the deal through our ECM framework.

Before it’s here, it’s on Smartkarma