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

Ranhill Holdings IPO - Past IPO Attempt and Current RTO Don't Inspire Much Confidence

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Ranhill Utilities / Equity Capital Markets

<p>Ranhill Holdings plans to raise upto US$180m through an issuance of a mix of primary and secondary shares in its IPO. </p><p>The deal scores a negative score on our framework, across most categories. The company is likely to have stable earnings at best, as domestic growth avenues seem limited. While valuations don't appear to be at a discount to other larger domestically listed firms. In addition, the company's past privatisation, failed attempt at an earlier IPO and current listing via RTO make us cautious. </p>

Ranhill Holdings plans to raise upto US$180m through an issuance of a mix of primary and secondary shares in its IPO. The deal scores a negative score on our framework, across most categories. The company is likely to have stable earnings at best, as domestic growth avenues seem limited. While valuations don't appear to be at a discount to other larger domestically listed firms. In addition, the company's past privatisation, failed attempt at an earlier IPO and current listing via RTO make us cautious. 

Ranhill Holdings IPO - Lack of Growth and Chequered History Makes Us Wary