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

Qingci Games (青瓷游戏) IPO - Replicating past Success Won’t Be Easy

Qingci Games (青瓷游戏) Pre-IPO - One-Hit Wonder

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

<ul>
<li>
<a href="https://www.smartkarma.com/entities/qingci-games" target="_blank" data-smartkarma-citation="entities:35240:1" rel="noopener">Qingci Games (6633 HK)</a> (QCG) raised US$122m at HK$11.20 per share, the bottom-end of its IPO price range.</li>
<li>QCG’s bookbuild demand was one of the worst. Its 1.77x institutional subscription rate was well below the average of 20x and 501x averages.</li>
<li>There is downside from IPO price assuming it trades towards small gaming companies' average FY22 P/E.</li>
</ul>



Qingci Games (6633 HK) (QCG) raised US$122m at HK$11.20 per share, the bottom-end of its IPO price range.
QCG’s bookbuild demand was one of the worst. Its 1.77x institutional subscription rate was well below the average of 20x and 501x averages.
There is downside from IPO price assuming it trades towards small gaming companies' average FY22 P/E.


Qingci Games (青瓷游戏) IPO Trading - One of the Weakest Insti Demand