APAC IPOs & Placements, Aequitas Research

Troy Wong

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

Yangtuo Technology Inc. / Equity Capital Markets

<ul>
<li>Yangtuo Technology Inc. (YT) is looking to raise about US$100m in its upcoming Hong Kong IPO. The deal will be run by Citic.</li>
<li>The company is a leading commerce and service platform in China, specializing in family care and nutrition products.</li>
<li>YT was the largest commerce and service platform serving businesses in China’s family care and nutrition product industry in lower-tier markets in terms of GMV in 2024 (Frost &amp; Sullivan).</li>
</ul>


Yangtuo Technology Inc. (YT) is looking to raise about US$100m in its upcoming Hong Kong IPO. The deal will be run by Citic.
The company is a leading commerce and service platform in China, specializing in family care and nutrition products.
YT was the largest commerce and service platform serving businesses in China’s family care and nutrition product industry in lower-tier markets in terms of GMV in 2024 (Frost &amp; Sullivan).


Yangtuo Technology Inc. Pre-IPO Tearsheet

<ul>
<li>Megatronix Inc. (MI) is looking to raise about US$100m in its upcoming Hong Kong IPO. The deal will be run by Citi, CICC, and DB.</li>
<li>MI is a leading, innovation-driven automotive technology company. MI focuses on developing and delivering AI-powered integrated domain control solutions that enable automakers to build the next generation of software-defined vehicles.</li>
<li>It derives revenue primarily from sales of integrated domain control solutions, calculated based on the number of integrated smart domain controllers embedded with its solutions that are delivered to OEMs.</li>
</ul>


Megatronix Inc. (MI) is looking to raise about US$100m in its upcoming Hong Kong IPO. The deal will be run by Citi, CICC, and DB.
MI is a leading, innovation-driven automotive technology company. MI focuses on developing and delivering AI-powered integrated domain control solutions that enable automakers to build the next generation of software-defined vehicles.
It derives revenue primarily from sales of integrated domain control solutions, calculated based on the number of integrated smart domain controllers embedded with its solutions that are delivered to OEMs.


Reconova Technologies Co Ltd / Equity Capital Markets

Reconova Technologies Co Ltd (1618370D CH)

<ul>
<li>Reconova Technologies Co., Ltd. (RT) is looking to raise about US$100m in its upcoming Hong Kong IPO. The deal will be run by CCBI, Huatai, and ABCI.</li>
<li>RT is an AI company that provides visual AI technologies and products for enterprise clients.  </li>
<li>RT is one of the first companies in the industry dedicated to full-stack visual AI technologies of computer vision algorithm, optical imaging optimisation, and computing power optimisation.</li>
</ul>


Reconova Technologies Co., Ltd. (RT) is looking to raise about US$100m in its upcoming Hong Kong IPO. The deal will be run by CCBI, Huatai, and ABCI.
RT is an AI company that provides visual AI technologies and products for enterprise clients.  
RT is one of the first companies in the industry dedicated to full-stack visual AI technologies of computer vision algorithm, optical imaging optimisation, and computing power optimisation.


Reconova Technologies Co., Ltd. Pre-IPO Tearsheet

Shanghai MediTrust Health Technology Group / Equity Capital Markets

Shanghai MediTrust Health Technology Group (SMTHT HK)

Shanghai MediTrust Health Technology Group

<ul>
<li>Shanghai MediTrust Health Technology Group Co., Ltd. (SMHTG) is looking to raise about US$100m in its upcoming Hong Kong IPO. The deal will be run by GS, HSBC, and CICC.</li>
<li>SMHTG is the largest innovative healthcare payor platform in China, according to Frost &amp; Sullivan (F&amp;S).</li>
<li>SMHTG is transforming the healthcare payment system in China by addressing funding and payment challenges faced by patients, health insurers and pharmaceutical companies.</li>
</ul>


Shanghai MediTrust Health Technology Group Co., Ltd. (SMHTG) is looking to raise about US$100m in its upcoming Hong Kong IPO. The deal will be run by GS, HSBC, and CICC.
SMHTG is the largest innovative healthcare payor platform in China, according to Frost &amp; Sullivan (F&amp;S).
SMHTG is transforming the healthcare payment system in China by addressing funding and payment challenges faced by patients, health insurers and pharmaceutical companies.


Shanghai MediTrust Health Technology Group Pre-IPO Tearsheet

MMC Port Holdings Berhad / Equity Capital Markets

<ul>
<li>MMC Port Holdings Berhad (MMC) is looking to raise about US$1.5bn in its upcoming Malaysia IPO. The deal will be run by CIMB, Maybank, RHB, and UBS.</li>
<li>MMC is Malaysia's largest container port operator and the country’s leading container hub for transshipment and gateway cargo, according to Drewry.</li>
<li>MMC operates five sea ports and a solid product jetty terminal and conducts ship-to-ship transfer (STS) services at an offshore port.</li>
</ul>


MMC Port Holdings Berhad (MMC) is looking to raise about US$1.5bn in its upcoming Malaysia IPO. The deal will be run by CIMB, Maybank, RHB, and UBS.
MMC is Malaysia's largest container port operator and the country’s leading container hub for transshipment and gateway cargo, according to Drewry.
MMC operates five sea ports and a solid product jetty terminal and conducts ship-to-ship transfer (STS) services at an offshore port.


MMC Port Holdings Berhad Pre-IPO Tearsheet

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%.