Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of IPO & Placements for Aequitas Research. At Aequitas we cover all IPOs and placements across Asia-Pac with a deal size of at least US$100m. 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%. 
Prior to Aequitas. I was heading Content Strategy for Smartkarma, along with covering IPOs & Placement. In an earlier life I have covered ASEAN property and the banking space in India.

Head of Research, IPOs & Placements

West Japan Railway Placement - A Large, Unexpected Dilution

JR West (9021 JP) New Issue: Index Implications

JR West – Lacking Advantages Compared to JR Kyushu

Japan Airlines Placement - Given the Uncertain Outlook, Might Need Further Correction

Japan Airlines Placement - Tricky Tricky, Needs to Correct

Nippon Building Fund Placement - Needs to Correct Some More Given the Weak Sentiment

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

<div>
<p><a href="https://www.smartkarma.com/entities/ana-holdings-inc" target="_blank" data-smartkarma-citation="entities:5308:1" rel="noopener">Ana Holdings (9202 JP)</a> plans to raise around US$3.2bn following close on the heels of <a href="https://www.smartkarma.com/entities/japan-airlines-co-ltd" target="_blank" data-smartkarma-citation="entities:1184:1" rel="noopener">Japan Airlines (9201 JP)'s</a> US$1.4bn raise last month.</p>
<p>The stock has performed better than Japan Airlines this year, however, the deal dynamics appear to be less favourable.</p>
</div><div><div id="annotable-executive_summary-2">In this insight, I'll talk about the deal dynamics and run the deal through our ECM framework.</div></div>


Ana Holdings (9202 JP) plans to raise around US$3.2bn following close on the heels of Japan Airlines (9201 JP)'s US$1.4bn raise last month.
The stock has performed better than Japan Airlines this year, however, the deal dynamics appear to be less favourable.
In this insight, I'll talk about the deal dynamics and run the deal through our ECM framework.

ANA Holdings Placement - Bigger but Not Necessarily Better Deal than JAL