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: Pateo IPO Lockup - Shares Under Pressure as >US$870m of Pre-IPO Shares to Be Unlocked

Pateo Connect IPO: Weak Margins and Expensive Valuation

Pateo Connect IPO Trading: Weak Institutional Subscription

Pateo Connect Pre-IPO: PHIP Update: Growth Has Not Translated to Profits

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

Pateo Connect Technology / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/pateo-connect-technology" target="_blank" data-smartkarma-citation="entities:43712:1" rel="noopener">Pateo Connect Technology (PTC HK) </a>raised US$140m from its Hong Kong IPO in September 2025 via a primary offering of HKD102.23/share in its IPO.</li>
<li>It is one of the largest domestic providers of smart cockpit and intelligent connectivity solutions in China, providing full-stack smart cockpit solution and cloud-based vehicle connectivity, for Chinese OEMs.</li>
<li>In this note, we will talk about the lockup dynamics and possible placement.</li>
</ul>



Pateo Connect Technology (PTC HK) raised US$140m from its Hong Kong IPO in September 2025 via a primary offering of HKD102.23/share in its IPO.
It is one of the largest domestic providers of smart cockpit and intelligent connectivity solutions in China, providing full-stack smart cockpit solution and cloud-based vehicle connectivity, for Chinese OEMs.
In this note, we will talk about the lockup dynamics and possible placement.


Aequitas: Pateo IPO Lockup - Not Much Selling Now, as Pre-IPO Will Be Released Later