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

LG Energy Solution / Equity Capital Markets

<ul>
<li>Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.</li>
<li>
<a href="https://www.smartkarma.com/entities/lg-energy-solution" target="_blank" data-smartkarma-citation="entities:33464:1" rel="noopener">LG Energy Solution (373220 KS)</a> saw very strong demand for its mega US$10bn+ IPO.</li>
<li>While other IPO markets were in torpor, a number of placements continued to flow in.</li>
</ul>


Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.

LG Energy Solution (373220 KS) saw very strong demand for its mega US$10bn+ IPO.
While other IPO markets were in torpor, a number of placements continued to flow in.


ECM Weekly (16th Jan 2022) - LG Energy, Hyundai Engineering, Nippon Paint, Sunac, JL Mag, JREITs

APAC IPOs & Placements, Aequitas Research

Clarence Chu

APAC IPOs & Placements

Mitsui Fudosan Logistics Park Inc / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/mitsui-fudosan-logistics-park-inc" target="_blank" data-smartkarma-citation="entities:24027:1" rel="noopener">Mitsui Fudosan Logistics Park Inc (3471 JP)</a> is looking to raise around US$170m in its Primary Offering, to fund its acquisition of three properties and pay down its borrowings.</li>
<li>The anticipated acquisitions, post-completion, will be accretive to both operating income and DPU, even after factoring in the dilution.</li>
<li>In this note, we will talk about the deal dynamics and run the deal through our ECM framework.</li>
</ul>



Mitsui Fudosan Logistics Park Inc (3471 JP) is looking to raise around US$170m in its Primary Offering, to fund its acquisition of three properties and pay down its borrowings.
The anticipated acquisitions, post-completion, will be accretive to both operating income and DPU, even after factoring in the dilution.
In this note, we will talk about the deal dynamics and run the deal through our ECM framework.


Mitsui Fudosan Logistics Park Placement - Unit Price Has Historically Outperformed Peers

Nippon Paint Holdings / Equity Capital Markets

<ul>
<li>A group of shareholders of Nippon Paint Holdings, plan to raise around US$1.4bn via selling nearly 6% of the stock.</li>
<li>We covered most aspects of the deal in our previous note, <a href="https://www.smartkarma.com/insights/nippon-paint-holdings-placement-nothing-particularly-exciting-needs-to-correct" target="_blank" rel="noopener">Nippon Paint Holdings Placement - Nothing particularly exciting, needs to correct</a>.</li>
<li>In this note, we will talk about the updates and share price movement since then.</li>
</ul>


A group of shareholders of Nippon Paint Holdings, plan to raise around US$1.4bn via selling nearly 6% of the stock.
We covered most aspects of the deal in our previous note, Nippon Paint Holdings Placement - Nothing particularly exciting, needs to correct.
In this note, we will talk about the updates and share price movement since then.


Nippon Paint Placement Quick Update - Better Positioned After Delivering the Largest Correction

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

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Technical Analysis

Nippon Paint Holdings / Technical Analysis

<ul>
<li>Nippon Paint denotes a series of high conviction bear wedge patterns that will see a new low after gapping below pivotal support.</li>
<li>Bear wedge break below 1,200 (with a nasty gap) is now sell/short resistance.</li>
<li>917 is viable base line support and the zone to prove for a bull cycle turn.</li>
</ul>


Nippon Paint denotes a series of high conviction bear wedge patterns that will see a new low after gapping below pivotal support.
Bear wedge break below 1,200 (with a nasty gap) is now sell/short resistance.
917 is viable base line support and the zone to prove for a bull cycle turn.


Nippon Building Fund / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/nippon-building-fund-inc" target="_blank" data-smartkarma-citation="entities:1900:1" rel="noopener">Nippon Building Fund (8951 JP)</a> is looking to raise around US$260m in its Primary Offering, to fund the acquisition of two properties.</li>
<li>Target acquisitions are expected to be accretive however, the deal comes amidst weaker sector sentiment and analysts have grown more pessimistic on the REIT’s unit price. </li>
<li>In this note, we will talk about the deal dynamics and run the deal through our ECM framework.</li>
</ul>



Nippon Building Fund (8951 JP) is looking to raise around US$260m in its Primary Offering, to fund the acquisition of two properties.
Target acquisitions are expected to be accretive however, the deal comes amidst weaker sector sentiment and analysts have grown more pessimistic on the REIT’s unit price. 
In this note, we will talk about the deal dynamics and run the deal through our ECM framework.


Nippon Building Fund Placement - Weak Sentiment, However, Past Deals Have Performed Well

Japan

NIPPON PAINT HOLDINGS CO., LTD. produces paints for automobiles, ships, and other industrial paints.  The Company also manufactures fine chemicals such as finishing agents and adhesives.

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Nippon Paint Holdings (4612 JP)

ECM Weekly (16th Jan 2022) - LG Energy, Hyundai Engineering, Nippon Paint, Sunac, JL Mag, JREITs

Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.

Sumeet Singh

Mitsui Fudosan Logistics Park Placement - Unit Price Has Historically Outperformed Peers

Mitsui Fudosan Logistics Park Inc (3471 JP) is looking to raise around US$170m in its Primary Offering, to fund its acquisition of three properties...

Clarence Chu

Nippon Paint Placement Quick Update - Better Positioned After Delivering the Largest Correction

A group of shareholders of Nippon Paint Holdings, plan to raise around US$1.4bn via selling nearly 6% of the stock. In this note we talk about the...

Sumeet Singh

Nippon Paint Short Targets 917

Nippon Paint denotes a series of high conviction bear wedge patterns that will see a new low after gapping below pivotal support.

Thomas Schroeder

Nippon Building Fund Placement - Weak Sentiment, However, Past Deals Have Performed Well

Nippon Building Fund (8951 JP) is looking to raise around US$260m in its Primary Offering, to fund the acquisition of two properties.

Clarence Chu

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52-week Range

Market Cap (USDm)

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