Orica Limited Placement - Accretive Acquisition Coupled with Strong Momentum

Orica Placement - Keeping the Acquisition Momentum Going

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APAC IPOs & Placements

Zhen Zhou, Toh

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

<p><a href="https://www.smartkarma.com/entities/orica-ltd" target="_blank" data-smartkarma-citation="entities:895:1" rel="noopener">Orica Ltd (ORI AU)</a> is looking to raise US$334m in its placement to acquire Exsa.</p><p>The acquisition of Exsa does not look like a game changer, at least in the near term. It will not be EPS accretive in the first full year of ownership. Its past deals (albeit a long time ago), have consistently been positive over the past one week.</p>

Orica Ltd (ORI AU) is looking to raise US$334m in its placement to acquire Exsa.The acquisition of Exsa does not look like a game changer, at least in the near term. It will not be EPS accretive in the first full year of ownership. Its past deals (albeit a long time ago), have consistently been positive over the past one week.

Orica Placement - Not a Game Changer but past Deals Did Well