APAC IPOs & Placements, Aequitas Research

Nicholas Tan

At Aequitas we cover all IPOs and placements across Asia-Pac with a deal size of at least US$100m. 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%.

APAC IPOs & Placements

Aequitas ECM Weekly (22 June 2026) - SpaceX, GO, Lingyi, SG Micro, Circuit Fab, Merdeka, Kioxia, NSE

Aequitas: Hangzhou Qiandaohu Xunlong Pre-IPO - Offered Below Salmon Aquaculture Peers

Aequitas ECM Weekly (29 June 2026) - SK Hynix, Kioxia, Lingyi, SG Micro, Circuit Fab, Merdeka, Anker

Aequitas: Hangzhou Qiandaohu Xunlong Sci-Tech Pre-IPO Tearsheet

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

Hangzhou Qiandaohu Xunlong Sci-Tech / Equity Capital Markets

Hangzhou Qiandaohu Xunlong Sci-Tech (2633857D HK)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/hangzhou-qiandaohu-xunlong-sci-tech" target="_blank" data-smartkarma-citation="entities:49389:1" rel="noopener">Hangzhou Qiandaohu Xunlong Sci-Tech (2633857D HK)</a> aims to raise up to US$200m in its Hong Kong listing.</li>
<li>It is the world's largest caviar company and a fully vertically integrated player with operations spanning sturgeon breeding, aquaculture, caviar processing, and global sales and marketing.</li>
<li>In this note, we look at its past performance and other deal dynamics that might impact the listing.</li>
</ul>



Hangzhou Qiandaohu Xunlong Sci-Tech (2633857D HK) aims to raise up to US$200m in its Hong Kong listing.
It is the world's largest caviar company and a fully vertically integrated player with operations spanning sturgeon breeding, aquaculture, caviar processing, and global sales and marketing.
In this note, we look at its past performance and other deal dynamics that might impact the listing.


Aequitas: Hangzhou Qiandaohu Xunlong Pre-IPO - Caviar Bottlenecked and ASP Poised to Inflect