APAC IPOs & Placements

Zhen Zhou, Toh

Smartkarma

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Hyundai Rotem Company / Equity Capital Markets

<p>MSPE is looking to sell 6m shares of <a href="https://www.smartkarma.com/entities/1554" target="_blank" data-smartkarma-citation="entities:1554:1">Hyundai Rotem Company (064350 KS)</a> , worth approximately US$233m, assuming that the upsize option of 1m shares are taken up. Post sale, MSPE will be left with about 4m shares, representing 3.5% of Rotem's total shares outstanding.</p><p>The deal scores marginally on our framework owing to the company's expensive valuation relative to peers after a 156% rally in share price since the 2nd of April. The negative score was partially offset by its strong price momentum…</p>

MSPE is looking to sell 6m shares of Hyundai Rotem Company (064350 KS) , worth approximately US$233m, assuming that the upsize option of 1m shares are taken up. Post sale, MSPE will be left with about 4m shares, representing 3.5% of Rotem's total shares outstanding.The deal scores marginally on our framework owing to the company's expensive valuation relative to peers after a 156% rally in share price since the 2nd of April. The negative score was partially offset by its strong price momentum…

Hyundai Rotem Placement - MSPE Is Back to Sell More Shares Just as Share Price Hits All-Time High