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

AllHome IPO Initiation: Cash-Guzzling Growth

Uncompromised, Independent, Conflict-Free Research

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

Axelum Resources / Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/axelum-resources" target="_blank" data-smartkarma-citation="entities:28282:1" rel="noopener">Axelum Resources (1729371D PM)</a> is a leading coconut product manufacturer. Axelum aims to raise up to PHP7.7 billion ($147 million) through a primary (400 million treasury shares and 300 million new shares) and secondary (430 million shares) offering. The offer price is PHP6.81 per share with offer period commencing on 23 September.</p><div class="content-highlight"><p>Overall, we believe that Axelum’s fundamentals offers more positives than negatives and could prove to be attractive at the right valuation. We will provide a view on the valuation in the next note.</p></div>

Axelum Resources (1729371D PM) is a leading coconut product manufacturer. Axelum aims to raise up to PHP7.7 billion ($147 million) through a primary (400 million treasury shares and 300 million new shares) and secondary (430 million shares) offering. The offer price is PHP6.81 per share with offer period commencing on 23 September.Overall, we believe that Axelum’s fundamentals offers more positives than negatives and could prove to be attractive at the right valuation. We will provide a view on the valuation in the next note.

Axelum Resources IPO Initiation: Making a Meal of It