Abstract: Ligent, a China-based maker of optical transceivers and optical network terminals, launched its Hong Kong IPO to raise USD 723m. Citi and CITIC are the joint sponsors. 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.
HUAGONG TECH, ACCELINK TECHNOLOGIES, SANHUA, ZIJIN GOLD INTL, VGT, SUZHOU TFC OPTICAL COMMUNICATION, EOPTOLINK TECHNOLOGY, GPIXEL, ZJ INNOLIGHT, CIG SHANGHAI, Applied Optoelectronics, Coherent, Lumentum Holdings Inc. Common Stock
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.
We will review your request. Once approved, the report will be sent to your company email.
Thank you! We will review your request and email the report to you, usually within 1 business day.