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

Aequitas ECM Weekly (2 February 2026)- Eastroc, Muyuan, Han's CNC, Wuxi Lead, Sungrow, Kokusai

Aequitas ECM Weekly (9 February 2026)- Eastroc, Muyuan, Han's, Montage, Axera, Woer, Fractal

Aequitas ECM Weekly (16 February 2026)- Montage, Axera, Wuxi Lead, Woer, Top Toy, Anker, PhonePe

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>Tepco Power Grid is looking to sell part of its shares in <a href="https://www.smartkarma.com/entities/kandenko-co-ltd" target="_blank" data-smartkarma-citation="entities:3726:1" rel="noopener">Kandenko Co Ltd (1942 JP)</a>  to raise up to US$830m through a secondary offering. </li>
<li>The company plans to conduct a share buyback of up to 7.5m shares (33% of the offered shares) or up to ¥30bn (US$200m) from February 2 to 6.</li>
<li>In this note, we will talk about the placement and run the deal through our ECM framework.</li>
</ul>


Tepco Power Grid is looking to sell part of its shares in Kandenko Co Ltd (1942 JP)  to raise up to US$830m through a secondary offering. 
The company plans to conduct a share buyback of up to 7.5m shares (33% of the offered shares) or up to ¥30bn (US$200m) from February 2 to 6.
In this note, we will talk about the placement and run the deal through our ECM framework.


Kandenko Placement: Opportunistic Selldown, Stock Has Done Very Well. Buyback Ahead