APAC IPOs & Placements, Aequitas Research

Clarence Chu

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

Pony AI Pre-IPO - The Positives - Scaling up Robotaxi & Robotrucks

Pony AI Pre-IPO - The Negatives - No Signs of Growth, Valuation Has Already Been Cut by 50%+

ZEEKR IPO Lockup - A US$1.3bn+ Lockup Expiry but Everyone Is Underwater

Black Sesame IPO - Paying Up-Front for Its Monetization Potential

WeRide Pre-IPO - The Negatives - Losses Have Widened, Still in the Early Stages of Commercialization

WeRide Pre-IPO - Peer Comparison - Boasting Partnerships, but Peers Aren't Too Far Behind

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

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

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<li>
<a href="https://www.smartkarma.com/entities/weride-corp" target="_blank" data-smartkarma-citation="entities:39905:1" rel="noopener">WeRide (WRD US)</a> is looking to raise US$119m in its US IPO.</li>
<li>WeRide provides autonomous driving products and services from L2 to L4 of driving automation.</li>
<li>We had looked at the firm’s past performance in our earlier notes. In this note, we discuss our thoughts on valuation.</li>
</ul>



WeRide (WRD US) is looking to raise US$119m in its US IPO.
WeRide provides autonomous driving products and services from L2 to L4 of driving automation.
We had looked at the firm’s past performance in our earlier notes. In this note, we discuss our thoughts on valuation.


IMotion Automotive Technology Suzhou (1274 HK)

Black Sesame International Holding (2533 HK)

WeRide IPO - Stiff Competition and Bleak Sentiment.  Premium Valuation Doesn’t Help