JL Mag Rare-Earth Co Ltd Watchlist
JL Mag Rare-Earth H-Share Listing: Valuation Insights
Equity Capital Markets
209 Views, 03 Jan 2022 17:21
JL Mag Rare-Earth Co Ltd (300748 CH) is a leading producer of high-performance rare earth permanent magnets. It has launched an H-Share listing to raise $570 million at the mid-point.
- In JL Mag Rare-Earth Secondary Listing: Magnetic Moments, we stated that it has attractive fundamentals and the secondary listing is worth a closer look.
- Our valuation analysis suggests that the H-Share price range is fair. Pricing is expected on 17 January with an H-Share listing on 14 January.