Clarence Chu

APAC IPOs & Placements

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/yunkang-group" target="_blank" data-smartkarma-citation="entities:35631:1" rel="noopener">Yunkang Group (2325 HK)</a> raised around US$139m in its Hong Kong IPO.</li>
<li>On its bookbuild, subscription rates were lackluster and market sentiment hasn’t been the greatest.</li>
<li>Similar recent deals with weak subscription rates had seen subdued listing performances by the end of their respective first weeks.</li>
</ul>

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.

Yunkang Group

Yunkang Group IPO Trading - Subdued Subscription Rates Combined with Uncertain Future Profitability