Report
Sumeet Singh
EUR 91.03 For Business Accounts Only

Nippon Paint Holdings Placement Quick Update

A group of shareholders of Nippon Paint Holdings, plan to raise around US$1.4bn via selling nearly 6% of the stock.

We covered most aspects of the deal in our previous note, Nippon Paint Holdings Placement - Nothing particularly exciting, needs to correct.

In this note, we will talk about the updates and share price movement since then.
Underlying
NIPPON PAINT HOLDINGS CO.LTD.

Nippon Paint Holdings is a holding company mainly engaged in the manufacture and sale of coating materials and fine chemical products. Along with its subsidiaries and associated companies, Co. is involved in the manufacture and sale of paint for automobile-, general- and industrial-uses, automobile refinish paint, anti-corrosion paint, concrete anti-corrosion paint, pre-coat paint for metal, and paint for vessel- and family-uses. Co. is also engaged in the manufacture and sale of surface treatment agent, display related materials, electronic materials and particulate materials. Co. has operations in Japan, Asia, Americas and Europe.

Provider
Aequitas Research
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.

Analysts
Sumeet Singh

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