Report
Zhen Zhou Toh
EUR 88.49 For Business Accounts Only

Renrui Human Resources IPO - Valuation up 4.2x in one and a half years

Renrui Human Resources (RHR HK) is looking to raise up to US$140m in its Hong Kong IPO.

RHR is a fast-growing HR solution provider in China. Our brief peer comparison indicates that RHR is catching with peers in terms of revenue, gross margin and it has demonstrated pricing power via increase in monthly fee charged per staff deployed.
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
Zhen Zhou Toh

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