Aequitas Research

Hong Jie Seow

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%.

Butong Group IPO: Strong Momentum But Premium Hard To Justify

Butong Group Pre-IPO: Strong Growth But Mainly Driven By Diapers And Wipes

Independent Insight Provider

IPOs and Placements coverage across Asia Pacific

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

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<li>
<a href="https://www.smartkarma.com/entities/butong-group" target="_blank" data-smartkarma-citation="entities:44212:1" rel="noopener">Butong Group (BUTONG HK)</a> raised around US$100m in its Hong Kong IPO.</li>
<li>Butong focuses on the mid to high-end segment of China’s nursery product market.</li>
<li>We have looked at the company’s background and pricing in our earlier note, in this note we talk about the trading dynamics.</li>
</ul>



Butong Group (BUTONG HK) raised around US$100m in its Hong Kong IPO.
Butong focuses on the mid to high-end segment of China’s nursery product market.
We have looked at the company’s background and pricing in our earlier note, in this note we talk about the trading dynamics.


Butong Group IPO Trading: Significant Retail Demand Despite Steep Premium