Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

An inquisitive investment analyst with background in both finance and computing. Covering ECM research, biotech, market data analytics.

Asia Pac IPO & Placement Research, China biotech

ECM Weekly (31 Aug 2019) -  Megvii, Pharmaron, China Feihe, Home Credit, Prosus

Recruit Holding Placement: Thoughts on Valuation, Past Placements, and Index Event

ECM Weekly (7 Sep 2019) - China Merchants Comm REIT, Immunotech Bio, Bank of Guizhou, XD, Huize

Recruit Holdings Placement - A Tiny, Long Overdue Sell Down

Recruit Offering: Offer Details Update & Shareholder Overhang Structure

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

Recruit Holdings / Equity Capital Markets

After market close today, Recruit Holdings announced that a group of its shareholders are selling up to 121.5 million shares, worth up to USD 3.8 billion.
We have previously covered some of the past offerings:
<ul>
<li class="">USD 2.3 billion raising in September 2016 (<a href="https://www.smartkarma.com/insights/recruit-holdings-time-to-hire-more-long-term-shareholders" target="_blank" rel="noopener">link</a>)</li>
<li class="">USD 263 million raising in January 2019 (<a href="https://www.smartkarma.com/insights/recruit-holdings-placement-a-tiny-long-overdue-sell-down" target="_blank" rel="noopener">link</a>)</li>
</ul>
Since this is an extended offering, in this insight, we will only cover the deal specifics, background of the selldown, comparison to previous major selldown, and the past deal performance.

After market close today, Recruit Holdings announced that a group of its shareholders are selling up to 121.5 million shares, worth up to USD 3.8 billion.
We have previously covered some of the past offerings:

USD 2.3 billion raising in September 2016 (link)
USD 263 million raising in January 2019 (link)

Since this is an extended offering, in this insight, we will only cover the deal specifics, background of the selldown, comparison to previous major selldown, and the past deal performance. 

リクルートホールディングスの株式配置：2016年以来初の大幅な売り