Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

Sona Blw Precision Forgings Lt / Equity Capital Markets

<ul>
<li>Sona Comstar (Sona) raised around US$761m in its Indian IPO in Jun 2021. </li>
<li>The shares are now trading well above the IPO price and its largest PE investor, Blackstone, will be released from its lockup soon.</li>
<li>In this note, we will talk about the lock-up dynamics and updates since our last note.</li>
</ul>


Sona Comstar (Sona) raised around US$761m in its Indian IPO in Jun 2021. 
The shares are now trading well above the IPO price and its largest PE investor, Blackstone, will be released from its lockup soon.
In this note, we will talk about the lock-up dynamics and updates since our last note.


Sona Comstar Lock-Up - Blackstone up 17x, Sold Half in the IPO with over US$1bn Left

Founder & CEO Bond Angle, LLC, Bond Angle, LLC

Vicki Bryan

Founder & CEO Bond Angle, LLC

Bond Angle, LLC

Insightful commentary and analysis on bond markets and market movers, including financial, economic, and industry catalysts and management shenanigans. 

High yield market investment research

Credit

<ul>
<li>
Elon can't get out of his stupidly overpriced, but solidly binding agreement to buy Twitter. But he can tie it up in court indefinitely. </li>
<li>Meanwhile, Twitter's prospects for operational improvement are mixed at best.</li>
<li>Twitter is left in limbo, as are its investors. What should bondholders do?
</li>
</ul>



Elon can't get out of his stupidly overpriced, but solidly binding agreement to buy Twitter. But he can tie it up in court indefinitely. 
Meanwhile, Twitter's prospects for operational improvement are mixed at best.
Twitter is left in limbo, as are its investors. What should bondholders do?



Elon's Trying To Get Out Of Buying Twitter—As We Knew He Would

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>General Motors delivered a decent quarter with more than 10% year-over-year revenue growth fueled by strong demand for its products, mainly the SUVs and full-size trucks.</li><li>Like other automotive players, GM has no issues on the demand side particularly its full-size pickup trucks but supply has been a challenge given the chips shortage.</li><li>An increase in ATP has been seen over vehicle segments which include a year-over-year increase in crossovers and trucks.</li></ul>

General Motors delivered a decent quarter with more than 10% year-over-year revenue growth fueled by strong demand for its products, mainly the SUVs and full-size trucks.Like other automotive players, GM has no issues on the demand side particularly its full-size pickup trucks but supply has been a challenge given the chips shortage.An increase in ATP has been seen over vehicle segments which include a year-over-year increase in crossovers and trucks.

Zhejiang Leapmotor Technologie / Equity Capital Markets

<ul>
<li>Leapmotor (LM) aims to raise around US$1bn in its Hong Kong IPO. LM is a smart EV company based in China, founded in 2015.</li>
<li>It focuses on the mid- to high-end segment in China’s NEV market with a price range of RMB150,000-300,000. As of end FY21, it had delivered a total of 52,832 cars.</li>
<li>In this note, we talk about the not so positive aspects of the deal.</li>
</ul>


Leapmotor (LM) aims to raise around US$1bn in its Hong Kong IPO. LM is a smart EV company based in China, founded in 2015.
It focuses on the mid- to high-end segment in China’s NEV market with a price range of RMB150,000-300,000. As of end FY21, it had delivered a total of 52,832 cars.
In this note, we talk about the not so positive aspects of the deal.


Leapmotor Pre-IPO - The Negatives - Related Party Sanctions, Lags Peers

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul><li>Shanghai / In Depth: The troubling balancing act facing Shanghai’s ER doctors</li><li>Southeast Asia / Southeast Asian exporters step up as China locks down</li><li>China-France / Xi, Macron discuss Ukraine war in phone conversation</li></ul>

Shanghai / In Depth: The troubling balancing act facing Shanghai’s ER doctorsSoutheast Asia / Southeast Asian exporters step up as China locks downChina-France / Xi, Macron discuss Ukraine war in phone conversation

CX Daily: The Troubling Balancing Act Facing Shanghai’s ER Doctors

United States

General Motors Co. manufactures and markets new cars and trucks. The Company offers features for special needs drivers, OnStar vehicle protection, service, parts, accessories, maintenance, XM satellite radio, features for commercial owners, and more. General Motors offers its vehicles and services worldwide.

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General Motors (GM US)

Sona Comstar Lock-Up - Blackstone up 17x, Sold Half in the IPO with over US$1bn Left

Sona Comstar (Sona) raised around US$761m in its Indian IPO in Jun 2021. The shares are trading well above the IPO price. Blackstone still owns...

Sumeet Singh

Elon's Trying To Get Out Of Buying Twitter—As We Knew He Would

Elon can't get out of his stupidly overpriced, but solidly binding agreement to buy Twitter. But he can tie it up in court indefinitely. What...

Vicki Bryan

General Motors Company: Market Position

General Motors delivered a decent quarter with more than 10% year-over-year revenue growth fueled by strong demand for its products, mainly the...

Baptista Research

CX Daily: The Troubling Balancing Act Facing Shanghai’s ER Doctors

Shanghai / In Depth: The troubling balancing act facing Shanghai’s ER doctors. Southeast Asia / Southeast Asian exporters step up as China locks down

Caixin Global

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Sona Comstar Lock-Up - Blackstone up 17x, Sold Half in the IPO with over US$1bn Left

Sona Comstar (Sona) raised around US$761m in its Indian IPO in Jun 2021. The shares are trading well above the IPO price. Blackstone still owns...

Sumeet Singh

Elon's Trying To Get Out Of Buying Twitter—As We Knew He Would

Elon can't get out of his stupidly overpriced, but solidly binding agreement to buy Twitter. But he can tie it up in court indefinitely. What...

Vicki Bryan

General Motors Company: Market Position

General Motors delivered a decent quarter with more than 10% year-over-year revenue growth fueled by strong demand for its products, mainly the...

Baptista Research

Leapmotor Pre-IPO - The Negatives - Related Party Sanctions, Lags Peers

Leapmotor (LM) aims to raise around US$1bn in its Hong Kong IPO. LM is a smart EV company based in China, founded in 2015. In this note, we talk...

Sumeet Singh

CX Daily: The Troubling Balancing Act Facing Shanghai’s ER Doctors

Shanghai / In Depth: The troubling balancing act facing Shanghai’s ER doctors. Southeast Asia / Southeast Asian exporters step up as China locks down

Caixin Global