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

Cao Cao Pre-IPO: Accelerating GTV but Still Bleeding and Leveraged

CaoCao Pre-IPO: Scaling up but a Cash Infusion Is Required

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>Cao Cao is a ride hailing platform in China that raised US$236m in its Hong Kong IPO.</li>
<li>As of 2024, it held a 5.4% market share as per Frost &amp; Sullivan.</li>
<li>We have covered various aspects of the deal in our previous note. In this note, we will talk about the demand and trading dynamics.</li>
</ul>


Cao Cao is a ride hailing platform in China that raised US$236m in its Hong Kong IPO.
As of 2024, it held a 5.4% market share as per Frost &amp; Sullivan.
We have covered various aspects of the deal in our previous note. In this note, we will talk about the demand and trading dynamics.


Cao Cao IPO Trading: Weak Institutional Demand; Clawback Triggered