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

Smartkarma

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Pilipinas Shell Petroleum / Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/22108" target="_blank" data-smartkarma-citation="entities:22108:1">Royal Dutch Shell PLC (RDSA LN)</a> plans to raise US$360m by selling down part of its stake in Pilipinas Shell Petroleum (SHLPH). The IPO will also include US$40m worth of new shares in SHLPH. Shell is undertaking the listing owing to its legal obligation to list its local subsidiary, which dates back to the 1998 deregulation of the retail sector.</p><p>In this insight, we run the deal through our framework and analyse the company's past performance, while comparing it to its major peers. The offering seems to be at a premium to the market leader, <a href="https://www.smartkarma.com/entities/7424" target="_blank" data-smartkarma-citation="entities:7424:1">Petron Corp (PCOR PM)</a>, for reasons that remain unclear to us.</p>

Royal Dutch Shell PLC (RDSA LN) plans to raise US$360m by selling down part of its stake in Pilipinas Shell Petroleum (SHLPH). The IPO will also include US$40m worth of new shares in SHLPH. Shell is undertaking the listing owing to its legal obligation to list its local subsidiary, which dates back to the 1998 deregulation of the retail sector.In this insight, we run the deal through our framework and analyse the company's past performance, while comparing it to its major peers. The offering seems to be at a premium to the market leader, Petron Corp (PCOR PM), for reasons that remain unclear to us.

Pilipinas Shell Petroleum IPO - Consistently Losing Its High Market Share