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

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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

Kuaishou Technology / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/tencent-holdings-ltd" target="_blank" data-smartkarma-citation="entities:26:1" rel="noopener">Tencent (700 HK)</a> is looking to raise up to US$1.6bn from a secondary offering of shares in <a href="https://www.smartkarma.com/entities/kuaishou-technology-class-b" target="_blank" data-smartkarma-citation="entities:29725:1" rel="noopener">Kuaishou Technology (1024 HK).</a>
</li>
<li>This sell down would represent 4.9 days of ADV and 6% of shares outstanding. Tencent’s ownership will be reduced from ~15.6% to 9.3%.</li>
<li>In this note, we will talk about the placement and run the deal through our ECM framework.</li>
</ul>



Tencent (700 HK) is looking to raise up to US$1.6bn from a secondary offering of shares in Kuaishou Technology (1024 HK).

This sell down would represent 4.9 days of ADV and 6% of shares outstanding. Tencent’s ownership will be reduced from ~15.6% to 9.3%.
In this note, we will talk about the placement and run the deal through our ECM framework.


Aequitas: Kuaishou Placement - Largest Shareholder Selling; Overhang Remains