Aequitas Research - Liontown Resources (LTR) Liontown Placement

Report

Aequitas Research

Sumeet Singh

EUR 95.47 For Business Accounts Only

Liontown Placement

Liontown Resource (LTR) is looking to raise around US$321m in its fully underwritten Australian placement.

The company will use the proceeds from the placement to develop its Kathleen Valley Lithium Project.

In this note, we will talk about the deal dynamics and run the deal through our ECM framework.

01/12/2021 7 EN

Underlying

Liontown Resources

Liontown Resources is engaged in the exploration and evaluation of minerals tenements with the objective of developing a significant minerals business. Co.'s operates primarily in the northern Queensland.

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AU000000LTR4 Australian Securities Exchange Australia

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

Sumeet Singh

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Liontown Placement

Liontown Resources Limited: 1 director

Monthly LMI Update Independent Investment Research

Onewo Space-Tech Pre-IPO

Legend Biotech Follow-on Offering

Xtep International Placement

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