Abstract: Afari is seeking to raise at least USD 100m through an A+H listing. CICC is the sole sponsor. We look at the company's core segments: new energy vehicles and motorcycle exports. We discuss our preliminary thoughts on the company's fair value based on A-H premium.
WEICHAI POWER, BYD, GAC, GREAT WALL MOTOR, SERES, GUANGZHOU AUTOMOBILE, CHONGQING QIANLI TECHNOLOGY, HORIZON ROBOTICS, ZHEJIANG LEAPMOTOR TECHNOLOGY, XPENG, GEELY AUTOMOBILE
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.
Interested in the full report? Get in touch with our team.