Aequitas Research - Archosaur Gaming (ARCHO) Archosaur Games Inc. Pre-IPO - Dragon Raja Review - Riding on the games success

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Aequitas Research

Zhen Zhou Toh

EUR 88.49 For Business Accounts Only

Archosaur Games Inc. Pre-IPO - Dragon Raja Review - Riding on the game's success

Archosaur Games (ARCH) is looking to raise about US$200m in its upcoming Hong Kong IPO.

Archosaur Games (ARCH HK) 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 (é¾™æ—å¹»æƒ³), Fantasy Zhuxian (æ¢¦å¹»è¯›ä»™), and Loong Craft (å…é¾™äº‰éœ¸).

In this note, we take a look at ARCHâ€™s biggest revenue contributor Dragon Raja in 2019 and share our thoughts on the game and monetization

22/06/2020 9 EN

Underlying

Archosaur Gaming

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Provider

Aequitas Research

Aequitas Research is a leading ECM research firm with a focus on IPOs and placements/follow-on offerings across the Asia Pacific with deal size of over USD100m.

Since 2015, we have covered 400+ IPOs and 450+ placements with a hit rate of 73% and 65%, respectively. We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic analysis.

Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis. We also provide a more quant driven analysis on placement/follow-on offerings.

Markets that we cover include:
Hong Kong,
China ADRs,
India,
Japan,
Australia, and
ASEAN.

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Analysts

Zhen Zhou Toh

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Archosaur Games Inc. Pre-IPO - Dragon Raja Review - Riding on the game's success

Monthly LMI Update Independent Investment Research

Onewo Space-Tech Pre-IPO

Legend Biotech Follow-on Offering

Xtep International Placement

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