APAC IPOs & Placements

Zhen Zhou, Toh

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

An undisclosed institution is looking to raise up to US$245m by selling 131.5m shares in <a href="https://www.smartkarma.com/entities/bdo-unibank-inc" target="_blank" data-smartkarma-citation="entities:329:1" rel="noopener">BDO Unibank Inc (BDO PM)</a>. This is a clean-up trade.Overall, there could still be COVID-19 risks, but considering the vaccine news last night, and the subsequent strong price movement today (albeit closing low of day), we think that the wide discount given could still allow shares to trade well in the near-term.We have previously covered Khazanah's selldown of their stake in BDO in <a href="https://www.smartkarma.com/insights/bdo-unibank-placement-it-has-come-full-circle" target="_blank" data-smartkarma-citation="insights:30727" rel="noopener">BDO Unibank Placement - It Has Come Full Circle</a>.

An undisclosed institution is looking to raise up to US$245m by selling 131.5m shares in BDO Unibank Inc (BDO PM). This is a clean-up trade.Overall, there could still be COVID-19 risks, but considering the vaccine news last night, and the subsequent strong price movement today (albeit closing low of day), we think that the wide discount given could still allow shares to trade well in the near-term.We have previously covered Khazanah's selldown of their stake in BDO in BDO Unibank Placement - It Has Come Full Circle. 

BDO Unibank Placement - Wide Discount to Account for the Large Deal Size