Report
Zhen Zhou Toh
EUR 93.10 For Business Accounts Only

Shimao Services Placement - Bumping up cash for acquisitions

Shimao Services is looking to raise up to US$218m from its top-up placement and another US$400m from a convertible bond issue. Together, the company is looking to raise about US$618m.

In this note, we will briefly discuss recent performance, share our thoughts on deal dynamics, and run the deal through our ECM framework.
Underlying
Shimao Services Holdings

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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