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

Rigaku IPO Trading - Demand Wasn’t as Hot as Tokyo Metro but Still Decent

Rigaku IPO Lockup - Large PE Investors Can Still Break Even

Rigaku Holdings IPO - Upside Remains Attractive

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

<ul>
<li>Carlyle (via Atom Investment) is looking to sell up to ~29m shares in a secondary offering of <a href="https://www.smartkarma.com/entities/rigaku-holdings-corporation" target="_blank" data-smartkarma-citation="entities:43950:1" rel="noopener">Rigaku Holdings (268A JP)</a>.</li>
<li>This comes on the heels of Atom doing a block sale to Onto Innovation, whereby Onto acquired 61.1m shares from Atom, on 20th April, 2026. </li>
<li>In this note, we will talk about the placement and run the deal through our ECM framework.</li>
</ul>


Carlyle (via Atom Investment) is looking to sell up to ~29m shares in a secondary offering of Rigaku Holdings (268A JP).
This comes on the heels of Atom doing a block sale to Onto Innovation, whereby Onto acquired 61.1m shares from Atom, on 20th April, 2026. 
In this note, we will talk about the placement and run the deal through our ECM framework.


Aequitas: Rigaku Placement - Cleanup Sale by Carlyle; Jap Leader in Niche Xrays for Semis Inspection