Abstract: Sunwoda, a lithium-ion battery manufacturer, is seeking an A+H listing. Goldman Sachs and CITIC are the sponsors. We look at the company's core segments: consumer battery, EV battery and ESS. We discussed our preliminary thoughts on the company's valuation based on A-H premium.
SHENZHEN DESAY BATTERY TECHNOLOGY, GOTION HIGH-TECH, BYD, SINOHYTEC, LOPAL TECH, EVE ENERGY, SUNWODA ELECTRONIC, GUANGZHOU GREAT POWER ENERGY&TECHNOLOGY, CATL, JIANGSU LOPAL TECH, FARASIS ENERGY (GAN ZHOU), ZHUHAI COSMX BATTERY
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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