Share price more than doubled! Haitong International helped LatentView Analytics go public in India.

publication time:2021-11-23 from:海通国际

Haitong International India, as a book running lead manager, helped Latent View Analytics Limited ("LatentView") go public on the Bombay Stock Exchange and the National Stock Exchange of India today.

The IPO of LatentView was worth INR6bn (around USD81mn) at the highest price of INR197 per share.
The stock of LatentView opened at as high as INR530, surging by nearly 170% from the issue price.
As the only international investment bank involved, Haitong International, with its rich experience, provided LatentView with capital structure consulting, pre-IPO positioning and due diligence services and played a vital role in the execution, underwriting and coordination of the project.
By virtue of its global investor network, Haitong International introduced quite a few top international and local institutional investors for the issuer and established a sound book record for the project. Anchor investors of LatentView's IPO were very impressive, including ADIA, Franklin Templeton, Mirae Mutual Fund, Wellington Management, ICICI Prudential Mutual Fund, Birla Mutual Fund and White Oak. The IPO recorded a bid-to-cover ratio of 326.5.
Since the start of 2021, Haitong International has completed 40 global IPO projects and 51 global equity projects.
By acquiring Haitong India in 2016 and actively expanding its cash, stock and diversified investment banking businesses, Haitong International has completed high-profile local IPO projects in India during the recent years.

About LatentView
LatentView is a leading data analytics service provider in India and provides such services as consulting, data engineering, business analytics and digital solutions. Through its subsidiaries in the U.S., Netherland, Germany, U.K. and Singapore, LatentView provides services for the customers in U.S., Europe and Asia.

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HAITONG Securities Company Limited published this content on 23 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 November 2021 06:39:24 UTC.