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

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Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/bairong" target="_blank" data-smartkarma-citation="entities:31486:1" rel="noopener">Bairong (1569395D CH)</a> is a leading independent AI-powered technology platform in China serving the financial services industry. It is the largest independent financial big data analytics solutions provider in China with a 9.0% revenue market share in 2020, according to Frost &amp; Sullivan. Bairong is pre-marketing to raise $300-500 million through a Hong Kong listing, according to press reports. </p><p>Bairong is a play on the ongoing adoption of big data analytics technology in the financial services industry. The market share of independent big data analytics solution providers such as Bairong is expected to rise due to the increasing focus of customers on the accuracy, objectivity, and neutrality of big data analysis results. The technology barrier is high due to the significant investments required to develop AI-powered algorithms and automatic real-time analytics capabilities which can meet the customised needs of clients. </p><div class="content-highlight"><p>Largely due to the impact of the COVID-19 pandemic on its customers, Bairong’s top-line declined in 2020. Nevertheless, the good 4Q20 revenue growth exit rate points to recovery. We think that Bairong has the potential to combine solid growth with profitability and cash generation. Consequently, Bairong warrants a closer look.   </p></div>

Bairong (1569395D CH) is a leading independent AI-powered technology platform in China serving the financial services industry. It is the largest independent financial big data analytics solutions provider in China with a 9.0% revenue market share in 2020, according to Frost &amp; Sullivan. Bairong is pre-marketing to raise $300-500 million through a Hong Kong listing, according to press reports. Bairong is a play on the ongoing adoption of big data analytics technology in the financial services industry. The market share of independent big data analytics solution providers such as Bairong is expected to rise due to the increasing focus of customers on the accuracy, objectivity, and neutrality of big data analysis results. The technology barrier is high due to the significant investments required to develop AI-powered algorithms and automatic real-time analytics capabilities which can meet the customised needs of clients. Largely due to the impact of the COVID-19 pandemic on its customers, Bairong’s top-line declined in 2020. Nevertheless, the good 4Q20 revenue growth exit rate points to recovery. We think that Bairong has the potential to combine solid growth with profitability and cash generation. Consequently, Bairong warrants a closer look.   

Bairong

Bairong IPO Initiation: Creditworthy