APAC IPOs & Placements

Zhen Zhou, Toh

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

<a href="https://www.smartkarma.com/entities/a-city-group" target="_blank" data-smartkarma-citation="entities:29255:1" rel="noopener">A-City Group (1810341D HK)</a> (ACG) is looking to raise US$400m in its upcoming IPO in Hong Kong. ACG is the construction management arm of Agile Group with a focus on ecological habitat services. The company provides ecological landscaping and interior decoration services in China. As of December 2019, the company had 599 ecological landscaping projects in progress with an area of 35.1m sqm in 84 cities and 24 provinces in China. Revenue has been stupendous, almost doubling between FY2017 to FY2019. In this note, we take a look at the company's background, fundamentals, and thoughts revenue and earnings visibility

A-City Group (1810341D HK) (ACG) is looking to raise US$400m in its upcoming IPO in Hong Kong. ACG is the construction management arm of Agile Group with a focus on ecological habitat services. The company provides ecological landscaping and interior decoration services in China. As of December 2019, the company had 599 ecological landscaping projects in progress with an area of 35.1m sqm in 84 cities and 24 provinces in China. Revenue has been stupendous, almost doubling between FY2017 to FY2019. In this note, we take a look at the company's background, fundamentals, and thoughts revenue and earnings visibility

A-City Group (雅居乐雅城集团) Pre-IPO - Strong Growth, Relatively Poorer Visibility