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

China Hongqiao Placement: Good Valuation but Likely Opportunistic, on the Back of Chuangxin Listing

US Banks - CP at +19% YoY, LDR Expansion Accelerates, Weekly Loans +5% YoY

China Hongqiao: Capital Raise De-Risks the Balance Sheet Into a Strengthening Aluminium Cycle

Innovation Global Industries Holdings Limited Pre-IPO Tearsheet

Chuangxin Industries Pre-IPO: Weak 5M25 and Large Chunk of Revenue from Related Party

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

Chuangxin Industries / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/chuangxin-industries" target="_blank" data-smartkarma-citation="entities:45636:1" rel="noopener">Chuangxin Industries (CXI HK)</a> is looking to raise up to US$700m in its upcoming Hong Kong IPO.</li>
<li>It is focused on alumina refining and aluminum smelting within the upstream of the aluminum industry chain.</li>
<li>In this note, we examine the IPO dynamics, and look at the firm’s valuation.</li>
</ul>



Chuangxin Industries (CXI HK) is looking to raise up to US$700m in its upcoming Hong Kong IPO.
It is focused on alumina refining and aluminum smelting within the upstream of the aluminum industry chain.
In this note, we examine the IPO dynamics, and look at the firm’s valuation.


Chuangxin Pre-IPO: Increasing Exposure to Volatile Alumina; Offered at Premium to Peers