Archosaur Games (祖龙娱乐) Trading Update - Not Much Left for Non-Cornerstone Insti Investors

2021 High Conviction - Archosaur Games (祖龙娱乐) - A Bet on the Mobile RPG Boom

Archosaur Games (祖龙娱乐) Pre-IPO - Dragon Raja Will Continue to Drive Revenue - Walkthrough & Thoughts

Archosaur Games (祖龙娱乐) Pre-IPO - Short Life Cycle, Volatile Revenue, but It May Look Different Soon

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

<a href="https://www.smartkarma.com/entities/archosaur-games" target="_blank" data-smartkarma-citation="entities:28948:1" rel="noopener">Archosaur Games (9990 HK)</a> (ARCH) is looking to raise up to US$280m in its Hong Kong IPO.ARCH is a mobile game developer in China with a focus on mobile (massively multiplayer online role-playing game) MMORPGs. The company is backed by Tencent and Perfect World, and has a track record of developing and publishing popular MMORPGs which include Dragon Raja (龙族幻想), Fantasy Zhuxian (梦幻诛仙), and Loong Craft (六龙争霸).In this note, we will look at the updates from PHIP filing, share our thoughts on assumptions and valuation. We will also run the deal through our framework.We have covered the company fundamentals in previous note:<ul>
<li>
<a href="https://www.smartkarma.com/insights/archosaur-games-pre-ipo-dragon-raja-will-continue-to-drive-revenue-walkthrough-thoughts" target="_blank" data-smartkarma-citation="insights:40466" rel="noopener">Archosaur Games (祖龙娱乐) Pre-IPO - Dragon Raja Will Continue to Drive Revenue - Walkthrough &amp; Thoughts</a> </li>
<li>
<a href="https://www.smartkarma.com/insights/archosaur-games-pre-ipo-short-life-cycle-volatile-revenue-but-it-may-look-different-soon" target="_blank" data-smartkarma-citation="insights:39284" rel="noopener">Archosaur Games (祖龙娱乐) Pre-IPO - Short Life Cycle, Volatile Revenue, but It May Look Different Soon</a> </li>
</ul>

Archosaur Games (9990 HK) (ARCH) is looking to raise up to US$280m in its Hong Kong IPO.ARCH is a mobile game developer in China with a focus on mobile (massively multiplayer online role-playing game) MMORPGs. The company is backed by Tencent and Perfect World, and has a track record of developing and publishing popular MMORPGs which include Dragon Raja (龙族幻想), Fantasy Zhuxian (梦幻诛仙), and Loong Craft (六龙争霸).In this note, we will look at the updates from PHIP filing, share our thoughts on assumptions and valuation. We will also run the deal through our framework.We have covered the company fundamentals in previous note:

Archosaur Games (祖龙娱乐) Pre-IPO - Dragon Raja Will Continue to Drive Revenue - Walkthrough &amp; Thoughts 

Archosaur Games (祖龙娱乐) Pre-IPO - Short Life Cycle, Volatile Revenue, but It May Look Different Soon 


Archosaur Games (祖龙娱乐) IPO - 우수한 개발자를 위한 합리적인 가치 평가