APAC IPOs & Placements, Aequitas Research

Nicholas Tan

APAC IPOs & Placements

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

Nanhua Futures Co Ltd / Equity Capital Markets

Nanhua Futures Co.,Ltd operates futures businesses. The Company offers commodity futures brokerage, financial futures brokerage, futures investment, asset management, and fund distribution services. Nanhua Futures provides services for worldwide customers.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/nanhua-futures-co-ltd" target="_blank" data-smartkarma-citation="entities:30022:1" rel="noopener">Nanhua Futures Co Ltd (603093 CH)</a> aims to raise up to US$220m in its Hong Kong IPO.</li>
<li>It operates as a leading futures company in the PRC, dedicated to providing global financial services to clients.</li>
<li>In this note, we examine the IPO dynamics, and look at the firm’s valuation.</li>
</ul>



Nanhua Futures Co Ltd (603093 CH) aims to raise up to US$220m in its Hong Kong IPO.
It operates as a leading futures company in the PRC, dedicated to providing global financial services to clients.
In this note, we examine the IPO dynamics, and look at the firm’s valuation.


Nanhua Futures A/H Listing: Some near Term Domestic Weakness

HashKey Digital Asset Group Limited provides digital asset financial services. The Company offers asset management, financial investment, and solutions to institutions, family offices, funds, and professional investors through digital asset and blockchain technology ecosystem with consulting services. HashKey Digital Asset Group serves customers in Hong Kong, Tokyo, and Singapore.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/hashkey-holdings-limited" target="_blank" data-smartkarma-citation="entities:40847:1" rel="noopener">HashKey (3887 HK) </a>raised around US$200m in its Hong Kong IPO.</li>
<li>It operates the largest licensed crypto exchange in Hong Kong.</li>
<li>We have covered various aspects of the deal in our previous note. In this note, we will talk about the demand and trading dynamics.</li>
</ul>



HashKey (3887 HK) raised around US$200m in its Hong Kong IPO.
It operates the largest licensed crypto exchange in Hong Kong.
We have covered various aspects of the deal in our previous note. In this note, we will talk about the demand and trading dynamics.


Hashkey Group IPO Trading: Muted Insti Demand

Luxvisions Innovation Technology / Equity Capital Markets

Luxvisions Innovation Technology (LIT) is a globally leading provider of precision optical solutions, focusing on the mid- to high-end optical module and system integration markets for global brand manufacturers across multiple sectors. Its products and solutions primarily serve the consumer electronics, automotive electronics, smart office applications and other emerging sectors.

Luxvisions Innovation Technology (1853852D HK)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/luxvisions-innovation-technology" target="_blank" data-smartkarma-citation="entities:46147:1" rel="noopener">Luxvisions Innovation Technology (1853852D HK)</a> is looking to raise at least US$100m in its upcoming Hong Kong IPO. The deal will be run by CITIC, CICC.</li>
<li>It is a globally leading provider of precision optical solutions, focusing on the mid- to high-end optical module and system integration markets for global brand manufacturers across multiple sectors.</li>
<li>Its products and solutions primarily serve the consumer electronics, automotive electronics, smart office applications and other emerging sectors.</li>
</ul>



Luxvisions Innovation Technology (1853852D HK) is looking to raise at least US$100m in its upcoming Hong Kong IPO. The deal will be run by CITIC, CICC.
It is a globally leading provider of precision optical solutions, focusing on the mid- to high-end optical module and system integration markets for global brand manufacturers across multiple sectors.
Its products and solutions primarily serve the consumer electronics, automotive electronics, smart office applications and other emerging sectors.


Luxvisions Innovation Technology Pre-IPO Tearsheet

Shenzhen SDMC is a specialized provider of smart home solutions for enterprise customers, dedicated to advancing the application of AI technologies in home settings.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/shenzhen-sdmc" target="_blank" data-smartkarma-citation="entities:46148:1" rel="noopener">Shenzhen SDMC (1385919D CH)</a> is looking to raise at least US$100m in its upcoming Hong Kong IPO. The deal will be run by CSI.</li>
<li>It is a specialized provider of smart home solutions for enterprise customers, dedicated to advancing the application of AI technologies in home settings. </li>
<li>The Company's business model involves developing and selling primarily hardware products.</li>
</ul>



Shenzhen SDMC (1385919D CH) is looking to raise at least US$100m in its upcoming Hong Kong IPO. The deal will be run by CSI.
It is a specialized provider of smart home solutions for enterprise customers, dedicated to advancing the application of AI technologies in home settings. 
The Company's business model involves developing and selling primarily hardware products.


<ul>
<li>
<a href="https://www.smartkarma.com/entities/hashkey-holdings-limited" target="_blank" data-smartkarma-citation="entities:40847:1" rel="noopener">HashKey (3887 HK)</a> is looking to raise up to US$215m in its upcoming Hong Kong IPO.</li>
<li>It operates the largest licensed crypto exchange in Hong Kong.</li>
<li>In this note, we examine the IPO dynamics, and look at the firm’s valuation.</li>
</ul>



HashKey (3887 HK) is looking to raise up to US$215m in its upcoming Hong Kong IPO.
It operates the largest licensed crypto exchange in Hong Kong.
In this note, we examine the IPO dynamics, and look at the firm’s valuation.


HashKey Holdings Pre-IPO: Ok-Ish Cornerstones but Too Expensive

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%.

Nicholas Tan
APAC IPOs & Placements
• Aequitas Research

Nanhua Futures A/H Listing: Some near Term Domestic Weakness

Nanhua Futures Co Ltd plans to raise $220m in Hong Kong IPO. It is a futures company in China, offering global financial services. This note...

Nicholas Tan

Hashkey Group IPO Trading: Muted Insti Demand

HashKey Holdings raised around US$200m in its Hong Kong IPO, operating the largest licensed crypto exchange in the region. This note discusses the...

Nicholas Tan

Luxvisions Innovation Technology Pre-IPO Tearsheet

Luxvisions plans to raise over US$100m in its Hong Kong IPO. It specializes in precision optical solutions for various sectors including consumer...

Nicholas Tan

Shenzhen SDMC Pre-IPO Tearsheet

Shenzhen SDMC plans to raise over US$100m in Hong Kong IPO, focusing on smart home solutions with AI technology for enterprise customers.

Nicholas Tan

HashKey Holdings Pre-IPO: Ok-Ish Cornerstones but Too Expensive

HashKey Holdings (3887 HK) plans to raise up to US$215m in its Hong Kong IPO, boasting the largest licensed crypto exchange in the region. This...

Nicholas Tan

Nanhua Futures A/H Listing: Some near Term Domestic Weakness

​Nanhua Futures Co Ltd plans to raise $220m in Hong Kong IPO. It is a futures company in China, offering global financial services. This note...

Nicholas Tan

Hashkey Group IPO Trading: Muted Insti Demand

​HashKey Holdings raised around US$200m in its Hong Kong IPO, operating the largest licensed crypto exchange in the region. This note discusses the...

Nicholas Tan

Luxvisions Innovation Technology Pre-IPO Tearsheet

​Luxvisions plans to raise over US$100m in its Hong Kong IPO. It specializes in precision optical solutions for various sectors including consumer...

Nicholas Tan

Shenzhen SDMC Pre-IPO Tearsheet

​Shenzhen SDMC plans to raise over US$100m in Hong Kong IPO, focusing on smart home solutions with AI technology for enterprise customers.

Nicholas Tan

HashKey Holdings Pre-IPO: Ok-Ish Cornerstones but Too Expensive

​HashKey Holdings (3887 HK) plans to raise up to US$215m in its Hong Kong IPO, boasting the largest licensed crypto exchange in the region. This...

Nicholas Tan

Nanhua Futures Co Ltd plans to raise $220m in Hong Kong IPO. It is a futures company in China, offering global financial services. This note...

HashKey Holdings raised around US$200m in its Hong Kong IPO, operating the largest licensed crypto exchange in the region. This note discusses the...

Luxvisions plans to raise over US$100m in its Hong Kong IPO. It specializes in precision optical solutions for various sectors including consumer...

Shenzhen SDMC plans to raise over US$100m in Hong Kong IPO, focusing on smart home solutions with AI technology for enterprise customers.

HashKey Holdings (3887 HK) plans to raise up to US$215m in its Hong Kong IPO, boasting the largest licensed crypto exchange in the region. This...