IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

Arun has over 15 years’ experience covering the Technology sector. During this time, he has worked with technology start-ups and as an equity analyst in investment banks and independent research firms. He was formerly a Technology Analyst for Canaccord Genuity, Altium Securities, Espirito Santo Investment Bank, Noble Group and Clear Capital. He has a dual Master’s degree in Financial Engineering and Industrial and Operations Engineering from the University of Michigan. He obtained his Bachelor’s degree in Mechanical Engineering from the Indian Institute of Technology, Bombay. He is also a CFA charterholder.

IPOs and Catalysts/Events

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Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Equity Capital Markets

<div><p><a href="https://www.smartkarma.com/entities/archosaur-games" target="_blank" data-smartkarma-citation="entities:28948:1" rel="noopener">Archosaur Games (9990 HK)</a> is a leading games publisher in China focusing primarily on mobile MMORPG (massively-multiplayer online role-playing games). Archosaur will commence trading on Wednesday, 15 July. Archosaur priced its IPO at HK$11.60 per share, at the top-end of the indicative price range of HK$9.80-11.60 per share. Archosaur raised net proceeds of HK$2,039.1 million ($263 million).</p></div><div><div class="content-highlight"><p>In <a href="https://www.smartkarma.com/insights/archosaur-games-ipo-initiation-play-on" target="_blank" rel="noopener">our initiation note</a>, we stated that Archosaur’s fundamentals are attractive. In light of Archosaur's key operating metrics which are on an upward trajectory and the improving sentiment towards Chinese online game companies (based on the recent multiple expansion), we continue to believe that the IPO price is attractive.</p></div></div>

Archosaur Games (9990 HK) is a leading games publisher in China focusing primarily on mobile MMORPG (massively-multiplayer online role-playing games). Archosaur will commence trading on Wednesday, 15 July. Archosaur priced its IPO at HK$11.60 per share, at the top-end of the indicative price range of HK$9.80-11.60 per share. Archosaur raised net proceeds of HK$2,039.1 million ($263 million).In our initiation note, we stated that Archosaur’s fundamentals are attractive. In light of Archosaur's key operating metrics which are on an upward trajectory and the improving sentiment towards Chinese online game companies (based on the recent multiple expansion), we continue to believe that the IPO price is attractive.

Archosaur Games

Archosaur Games IPO: Trading Debut