Abstract: Dajin Heavy, a China-based offshore wind equipment manufacturer, launched its IPO to raise USD 737m through an A+H listing. In this note, we look at the deal terms and provide our thoughts on the valuation for the company. We analyze reference cornerstone and sponsor performance and assess the risk-reward of the deal.
Zoomlion, WEICHAI POWER, Goldwind, XIZHI TECH-P, Zijin Gold Intl, CATL, Sany Heavy, SIGENERGY, DAJIN HEAVY INDUSTRY
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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