Underwriting built around the issuer and the market
Carro provides and participates in underwriting solutions for qualifying public offerings involving Hong Kong, London and United States markets. Each transaction is evaluated independently based on the issuer’s fundamentals, offering structure, target valuation, investor demand, regulatory status and prevailing market conditions.
Our underwriting services
- Lead or participating underwriting, where authorised
- Co-underwriting and syndicate participation
- Offering and capital-structure assessment
- Institutional investor targeting
- Bookbuilding and demand analysis
- Pricing support
- Securities placement and distribution
- Cornerstone and anchor-investor engagement
- Roadshow planning and coordination
- Allocation strategy
- Transaction timetable management
- Coordination with legal counsel, auditors and other advisers
- Post-listing capital-markets support
Established and growth-stage companies
Carro evaluates every transaction on its individual merits and is not obligated to accept a mandate within any particular sector.
- A clearly defined business model
- Credible and experienced management
- Verifiable financial information
- A defensible market position
- Identifiable use of proceeds
- Appropriate corporate governance
- A realistic valuation framework
- A compelling reason to access public capital
- The capacity to satisfy applicable regulatory requirements
Areas of interest
- Technology and digital infrastructure
- Financial services and financial technology
- Advanced manufacturing
- Consumer and retail
- Healthcare and life sciences
- Energy and energy transition
- Industrial services
- Logistics and supply-chain technology
- Business services
- Telecommunications
- Infrastructure
- Selected emerging industries
The IPO is the beginning, not the finish line.
A successful offering must do more than raise capital. It should establish a credible valuation framework, introduce the company to suitable investors, support responsible shareholder distribution and prepare the issuer for continued participation in the public markets. Our underwriting approach therefore considers both primary-market execution and the quality of the company’s position after listing.