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, ZOOMLION, XIZHI TECH-P, Goldwind, Zijin Gold Intl, WEICHAI POWER, CATL, Sany Heavy, SANY HEAVY IND, SIGENERGY, DAJIN HEAVY INDUSTRY
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