Incepto Intelligence

The intelligence-assisted advisory platform of David Wu.

Machine-scale analysis. Human judgement.

Advice for founders, boards and shareholders at decisive moments in capital, listings and control, across Asia and the Gulf.

How it works
  1. 01

    Decades of deal experience.

    Transactions across many markets, industries and exchanges, for companies facing very different problems.

  2. 02

    Machine learning on the real data.

    The best of machine learning reads filings, markets, investors and press, so every view starts from evidence.

  3. 03

    Close work with founders.

    David works side by side with each founder to put both to use, and to take a different approach to the problem.

About David
Mark Gordon, Paul Lichty and David Wu at the Nasdaq Opening Bell podium, Nasdaq MarketSite, Times Square, 28 October 2026
From left: Mark Gordon, Dr Paul Lichty and David Wu at the Nasdaq Opening Bell, Times Square, 28 Oct 2026. Photo: Ascent Funds.

David Wu advises governments, corporates and founders, from Series A all the way to IPO, and has worked on more than US$20 billion of transactions.

He is President and Managing Partner of Ascent Funds and a former Senior Advisor to ALAT, backed by Saudi Arabia’s Public Investment Fund. He ran capital markets at Fosun International and NYSE-listed InterOil, began his career at Rothschild and is a Cambridge graduate.

David Wu on LinkedIn

What Wall Street says
“Incepto was a close advisor throughout our entire IPO process onto the NYSE. We were able to leverage David Wu's extensive relationships across global capital markets, from bankers to lawyers to investors.”
David ChanExecutive Vice President, Lanvin Group
“David has quite the extensive reach across both US and Asia-Pacific markets and its been great working with him and his portfolio companies”
Bob McCooeyGlobal Vice Chairman, Nasdaq
“I've known David for over 15 years, both of us having been ECM bankers. He has an impressive ability to see through the noise in the global equity markets and focus on what really matters to international investors.”
Delano MusaferFormer Head of Asia-Pacific Capital Markets & Listings, New York Stock Exchange (NYSE)
“David is a strong leader who is intelligent and an excellent communicator. He has a proven ability to interact comfortably at the board level, all at levels of an international based business and with the Company's advisors”
Judson MartinCEO, Greenheart Group
“We got to know David well when he was running Capital Markets at Fosun and have since maintained a good relationship with him”
Jon EdwardsHead of APAC, London Stock Exchange (LSE)
“David bridges an important gap between the East and West - he understands not only both markets, but the cultures that govern those markets too”
Lukas PetrikasFormer Head of Innovation, Hong Kong Stock Exchange (HKEX)
“First, David has an impressive network on Wall Street and an amazing ability to break down their noise and jargon into an understandable language. Second, his step-by-step strategy of building an understood and trusted brand on Wall Street was key to our eventual acquisition by ExxonMobil”
Michael HessionCEO, InterOil Corp
BScope Venture
“I have been deeply impressed with David's expertise and network. His advice in particular on positioning, branding, and PR have always been on point”
Viktor MengCEO, BScope Venture (Porsche-Piëch Family Office)
“We've benefited greatly from David's branding and marketing expertise. His process encompasses thoughtful strategy and best in class execution”
Dr Paul LichtyCEO, ForgeNano
Practices

  • Incepto Intelligence

    Counsel to founders and boards on capital, listings and control.

  • Incepto Investor Relations

    Investor relations for companies preparing for, and living with, a public listing.

  • Incepto Communications

    Communications for boards and principals at decisive moments.

  • Incepto Reputation Labs

    Reputation work for principals and companies whose standing is part of the business.

News
Forge Nano founder and CEO Paul Lichty and guests at the Nasdaq Opening Bell podium, Nasdaq MarketSite, Times Square, 28 October 2026
Forge Nano rings the Nasdaq Opening Bell, 28 Oct 2026. Still from Nasdaq's ceremony video. Photo: Nasdaq.
22 October 2026

Forge Nano lists on Nasdaq

Forge Nano Holdings, Inc. began trading on the Nasdaq on 22 October 2026 under the ticker NANO (warrants: NANOW), after completing its business combination with Archimedes Tech SPAC Partners II Co. on 21 October. Chief Executive Paul Lichty rang the Nasdaq Opening Bell at the MarketSite in Times Square on 28 October.

David Wu is President and a co-founder of Ascent Funds, which invested in Forge Nano in 2022.

Sources: Forge Nano, 22 Oct 2026 · Nasdaq Trader alert ECA2026-749 · Nasdaq, bell ceremony · Forge Nano, 13 Sep 2022

This item is for information only and is not investment advice or an offer of securities.

9 December 2025

Hong Kong Science & Technology Parks invests in Vizzio

Hong Kong Science & Technology Parks invested in Vizzio Technologies' financing round through its Corporate Venture Fund. Vizzio will open an office at Hong Kong Science Park. The amount was not disclosed.

Sources: hkstp.org · businesstimes.com.sg

15 December 2022

Lanvin Group lists on the New York Stock Exchange

Lanvin Group began trading on the NYSE as LANV after completing its business combination with Primavera Capital Acquisition Corporation, with over US$150 million in cash proceeds. David advised Lanvin Group on its listing.

Sources: ir.lanvin-group.com · sec.gov · incepto.global

16 July 2021

Hyzon Motors lists on Nasdaq

Hyzon Motors completed its business combination with Decarbonization Plus Acquisition Corporation and began trading on Nasdaq as HYZN on 19 July, with over US$550 million in primary proceeds. Incepto advised Hyzon on its investor narrative.

Sources: prnewswire.com · nasdaqtrader.com · incepto.global

25 September 2019

Shanghai Henlius Biotech lists in Hong Kong

Fosun Pharma's spin-off Shanghai Henlius Biotech listed on the HKEX Main Board (2696), raising about HK$3.21 billion before the over-allotment option.

Sources: hkexnews.hk · hkexnews.hk · cmbi.com.hk

14 December 2018

Fosun Tourism Group lists in Hong Kong

Fosun Tourism Group, the owner of Club Med, listed on the HKEX Main Board (1992). Reuters reported the IPO raised US$428 million. David was then Deputy Group CFO for Capital Markets and Investor Relations at Fosun International.

Sources: fosun.com · scmp.com · en.fosun.com

27 November 2018

Babytree Group lists in Hong Kong

Babytree Group listed on the HKEX Main Board (1761), raising about HK$1.7 billion before the over-allotment option. Fosun International was an investor at the time. David was then Deputy Group CFO for Capital Markets and Investor Relations at Fosun.

Sources: ir.babytree.com · hkexnews.hk · stblaw.com · scmp.com · en.fosun.com

July 2018

Yuyuan completes its restructuring with Fosun

Shanghai Yuyuan Tourist Mart (SSE: 600655) completed a major asset restructuring, acquiring stakes in 24 Fosun-affiliated property companies, and became the flagship of Fosun's Happiness segment. David was then Deputy Group CFO at Fosun.

Sources: cs.com.cn · cninfo.com.cn · en.fosun.com

22 February 2017

ExxonMobil completes its acquisition of InterOil

ExxonMobil completed its acquisition of InterOil (NYSE: IOC), which it reported at US$2.7 billion. David was Head of Capital Markets at InterOil.

Sources: prnewswire.com · sec.gov · incepto.global

7 May 2015

Chow Tai Fook-led consortium acquires control of Greenheart Group

Newforest, a consortium led by Chow Tai Fook Enterprises, acquired control of Greenheart Group (HKEX: 94) and made a mandatory general offer. David was previously Head of Capital Markets at Greenheart.

Sources: hkexnews.hk · akingump.com · ascent-funds.com

These items are for information only and are not investment advice or an offer of securities.

Contact
Thomas, General Manager
thomas@incepto.global
Singapore