APAC IPOs & Placements, Aequitas Research

Akshat Shah

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: BizLink Holding GDR Early Look - Proposed GDR and CB Issuance Amid Strategic Expansion

Aequitas: BizLink Holding Inc Offering - Well Flagged US$815 GDR+CB Combo; Rebound in Stock Momentum

Aequitas: WT Micro Offering - Well Flagged US$942 GDR+CB Combo; Shares Have Traced Back Recently

WT Micro Placement - Another Well-Flagged Taiwan GDR Offering, This One Is Easier to Digest

WT Micro GDR Early Look - Not a Small One to Digest but Last Offering Did Well

WT Micro GDR Offering - Slightly Larger Deal to Digest, Discount Mostly in Line With Recent Deals

Wistron GDR Early Look - Riding the AI Server Boom Amid Macroeconomic Headwinds

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

WT Microelectronics / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/wt-microelectronics-co-ltd" target="_blank" data-smartkarma-citation="entities:19712:1" rel="noopener">WT Microelectronics (3036 TT)</a> (WT Micro) is looking to raise up to US$1bn in its upcoming GDR offering. The firm is also looking to raise another US$500m via convertible bonds.</li>
<li>In May 2026, WT Micro announced its board’s resolution to issue between 75-100m shares via a GDR offering, with proceeds earmarked to purchase overseas raw materials and repay bank loans.</li>
<li>Similar to previous GDR listings, the deal is a long drawn out process with the firm required to jump through a number of board/shareholder/regulatory approval loops.</li>
</ul>



WT Microelectronics (3036 TT) (WT Micro) is looking to raise up to US$1bn in its upcoming GDR offering. The firm is also looking to raise another US$500m via convertible bonds.
In May 2026, WT Micro announced its board’s resolution to issue between 75-100m shares via a GDR offering, with proceeds earmarked to purchase overseas raw materials and repay bank loans.
Similar to previous GDR listings, the deal is a long drawn out process with the firm required to jump through a number of board/shareholder/regulatory approval loops.


TSMC (Taiwan Semiconductor Manufacturing) (TSM US)

TSMC (Taiwan Semiconductor Manufacturing)

TSMC (Taiwan Semiconductor Manufacturing) (2330 TT)

Aequitas: WT Micro GDR Early Look - Revisiting the GDR Market Six Months Later Amid Strong Momentum