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

Chongqing Terminus / Equity Capital Markets

Chongqing Terminus is a leader and pioneer in China’s public realm AIoT (Artificial Intelligence of Things) industry, leveraging its innovative AIoT operating system, TacOS, to provide enterprises, public administrators and public realm participants with full stack AIoT products i.e. software, hardware and services. .

<ul>
<li>
<a href="https://www.smartkarma.com/entities/chongqing-terminus" target="_blank" data-smartkarma-citation="entities:43977:1" rel="noopener">Chongqing Terminus (2471080D CH)</a> is looking to raise about US$300m in its upcoming Hong Kong IPO.</li>
<li>It operates in China’s public realm AIoT (Artificial Intelligence of Things) industry.</li>
<li>In this note, we look at the firm's past performance.</li>
</ul>



Chongqing Terminus (2471080D CH) is looking to raise about US$300m in its upcoming Hong Kong IPO.
It operates in China’s public realm AIoT (Artificial Intelligence of Things) industry.
In this note, we look at the firm's past performance.


Chongqing Terminus Smart Technology Pre-IPO: Deteriorating Revenue and Losing Market Share

Freetech Intelligent Systems / Equity Capital Markets

Freetech Intelligent Systems (1901036D CH)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/freetech-zhejiang-intelligent-technology-co-ltd" target="_blank" data-smartkarma-citation="entities:36645:1" rel="noopener">Freetech Intelligent Systems (1901036D CH)</a> is looking to raise up to US$200m in its upcoming Hong Kong IPO.</li>
<li>The firm is a leading intelligent driving solutions provider, covering advanced assistance system (ADAS) and autonomous driving system (ADS) technologies.</li>
<li>In this note, we look at the firm's past performance.</li>
</ul>



Freetech Intelligent Systems (1901036D CH) is looking to raise up to US$200m in its upcoming Hong Kong IPO.
The firm is a leading intelligent driving solutions provider, covering advanced assistance system (ADAS) and autonomous driving system (ADS) technologies.
In this note, we look at the firm's past performance.


Freetech Zhejiang Intelligent Technology Pre-IPO

Anthem Biosciences / Equity Capital Markets

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<li>
<a href="https://www.smartkarma.com/entities/anthem-biosciences" target="_blank" data-smartkarma-citation="entities:44206:1" rel="noopener">Anthem Biosciences (1234D IN)</a> is looking to raise up to US$397m in its upcoming India IPO. The deal will be run by JMF, Citi, JP Morgan and Nomura.</li>
<li>It is a Contract Research, Development, and Manufacturing Organization (CRDMO) with fully integrated operations spanning drug discovery, development, and manufacturing.</li>
<li>As a one-stop service provider, ABS serves a range of customers, including innovator-focused emerging biotech companies and large pharmaceutical organizations globally.</li>
</ul>



Anthem Biosciences (1234D IN) is looking to raise up to US$397m in its upcoming India IPO. The deal will be run by JMF, Citi, JP Morgan and Nomura.
It is a Contract Research, Development, and Manufacturing Organization (CRDMO) with fully integrated operations spanning drug discovery, development, and manufacturing.
As a one-stop service provider, ABS serves a range of customers, including innovator-focused emerging biotech companies and large pharmaceutical organizations globally.


Anthem Biosciences Limited Pre-IPO Tearsheet

Beijing Geekplus Technology Co Ltd manufactures and distributes intelligent robotics products. The Company produces picking systems, moving systems, sorting systems, storage retrieval systems, and other robotic systems for intelligent logistics automation solutions. Beijing Geekplus Technology markets its products overseas.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/beijing-geekplus-technology-co-ltd-geek" target="_blank" data-smartkarma-citation="entities:35636:1" rel="noopener">Geek+ (1678559D CH)</a> is looking to raise up to US$200m in its upcoming Hong Kong IPO.  The deal will be run by CICC, Morgan Stanley, CMBI and Deutsche Bank.</li>
<li>It is a leader in the global AMR market and offers a series of AMR solutions to empower warehouse fulfillment and industrial material transport.</li>
<li>It was the world’s largest warehouse fulfillment AMR solution provider in terms of revenue in 2023.</li>
</ul>



Geek+ (1678559D CH) is looking to raise up to US$200m in its upcoming Hong Kong IPO.  The deal will be run by CICC, Morgan Stanley, CMBI and Deutsche Bank.
It is a leader in the global AMR market and offers a series of AMR solutions to empower warehouse fulfillment and industrial material transport.
It was the world’s largest warehouse fulfillment AMR solution provider in terms of revenue in 2023.


Beijing Geekplus Technology Pre-IPO Tearsheet

CaoCao Inc (CaoCao) is a ride-hailing firm incubated by the Zhejiang Geely Holding Group (Geely).

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<li>
<a href="https://www.smartkarma.com/entities/caocao-inc" target="_blank" data-smartkarma-citation="entities:42803:1" rel="noopener">CaoCao Inc (1646553D CH)</a> is looking to raise up to US$300m in its upcoming Hong Kong IPO.</li>
<li>It is a ride hailing platform in China originally incubated by Geely Group connecting passengers and drivers to deliver consistent and high-quality ride experiences.</li>
<li>In this note, we look at the firm's past performance.</li>
</ul>



CaoCao Inc (1646553D CH) is looking to raise up to US$300m in its upcoming Hong Kong IPO.
It is a ride hailing platform in China originally incubated by Geely Group connecting passengers and drivers to deliver consistent and high-quality ride experiences.
In this note, we look at the firm's past performance.


CaoCao Pre-IPO: Scaling up but a Cash Infusion Is Required

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

Chongqing Terminus Smart Technology Pre-IPO: Deteriorating Revenue and Losing Market Share

Chongqing Terminus is looking to raise about US$300m in its upcoming Hong Kong IPO. It operates in China’s public realm AIoT industry. In this...

Nicholas Tan

Freetech Zhejiang Intelligent Technology Pre-IPO

Freetech Zhejiang Intelligent Technology is a leading intelligent driving solutions provider looking to raise up to US$200m in its upcoming Hong...

Nicholas Tan

Anthem Biosciences Limited Pre-IPO Tearsheet

Anthem Biosciences (ABS) is looking to raise up to US$397m in its upcoming India IPO. It is a CRDMO with fully integrated operations spanning drug...

Nicholas Tan

Beijing Geekplus Technology Pre-IPO Tearsheet

Beijing Geekplus Technology (BGT) is looking to raise up to US$200m in its upcoming Hong Kong IPO. It is a leader in the global AMR market.

Nicholas Tan

CaoCao Pre-IPO: Scaling up but a Cash Infusion Is Required

CaoCao (CC) is looking to raise up to US$300m in its upcoming Hong Kong IPO. It is a ride hailing platform in China. In this note, we look at the...

Nicholas Tan