Abstract: Taotao, a maker of low-speed electric vehicles, electric two-wheelers and powersports vehicles, is seeking an A+H listing. CITIC is the sole sponsor. We look at the company's core segments: E-mobility products, mainly low-speed electric vehicles, and powersports. We discuss our preliminary thoughts on the company's valuation based on the A-H premium.
ZHEJIANG TAOTAO VEHICLES, GUANGDONG LVTONG NEW ENERGY ELECTRIC VEHICLE TECHNOLOGY, Ninebot, YADEA, Niu Technologies, ZHEJIANG CFMOTO POWER, LONCIN MOTOR, Polaris, DOO CN, Yamaha Motor, GUANGZHOU AUTOMOBILE, GAC, GREAT WALL MOTOR, GWMOTOR, SERES, HISENSE HOME APPLIANCES, HISENSE HA, BYD, ANKER INNOVATIONS TECHNOLOGY, HAIER SMART HOME, HAIER SMARTHOME, MIDEA
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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