Abstract: Longsys, a branded memory-module maker, is seeking an A+H listing. CITIC and Citi are the joint sponsors. We look at the company's four core segments: embedded storage, SSDs, mobile storage and DIMM. We discuss our preliminary thoughts on the company's valuation based on the A-H premium.
SHENZHEN LONGSYS ELECTRONICS, SHENZHEN TECHWINSEMI TECHNOLOGY, Samsung Electronics, NETAC TECHNOLOGY, TOYOU FEIJI ELECTRONICS, GIGADEVICE, MONTAGE TECH, DOSILICON, Biwin Storage, SMIC, Micron Technology
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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