Abstract: Adaspace, a commercial aerospace company building AI satellites, launched its Hong Kong IPO to raise USD 127m. GTJA is the sole sponsor. In this note, we look at the deal terms and provide our thoughts on valuation for the company. We analyze cornerstone and sponsor performance and assess the risk-reward of the deal.
JINKOSOLAR, SENIOR MATERIAL, CHINA SPACESAT, GEOVIS TECHNOLOGY, SHANGHAI HUACE NAVIGATION TECHNOLOGY, BEIJING BDSTAR NAVIGATION, Rocket Lab Corporation Common Stock, Planet Labs PBC, BlackSky Technology, Spire Global
Research on Hong Kong and A+H equity offerings, from the first filing to the aftermarket. Coverage includes pre-IPO early thoughts on the business and valuation, analysis of the final deal terms and cornerstone investors, and updates as new prospectus versions are filed.
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