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

ExaWizards IPO - AI Solutions with a Clear Direction

ExaWizards IPO Trading - Local Peers Have Traded Lower Since Bookbuild

SenseTime Group (商汤集团) IPO Trading - Poor Sentiment and Demand

SenseTime Group (商汤集团) Pre-IPO - Tough Sell

SenseTime Group (商汤集团) Pre-IPO - Peer Comparison & Industry - Paying the Price of Diversification

SenseTime Group (商汤集团) Pre-IPO - Fast-Growing but Still Finding Its Footing

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

SenseTime Group  / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/sensetime-group" target="_blank" data-smartkarma-citation="entities:34319:1" rel="noopener">SenseTime Group (1475539D HK)</a> (STG) is looking to raise about US$768m in its Hong Kong IPO.</li>
<li>We think that STG’s fast growth masks the volatile nature of STG’s business. 50% of principal pre-IPO investors are not locked up and they are sitting on neat gains.</li>
<li>Based on our assumptions, we think STG should be valued around US$10.5bn based on the low-end of the peer multiple range.</li>
</ul>



SenseTime Group (1475539D HK) (STG) is looking to raise about US$768m in its Hong Kong IPO.
We think that STG’s fast growth masks the volatile nature of STG’s business. 50% of principal pre-IPO investors are not locked up and they are sitting on neat gains.
Based on our assumptions, we think STG should be valued around US$10.5bn based on the low-end of the peer multiple range.


SenseTime Group (商汤集团) IPO - Regulatory Risks + Overhang + Poor Sentiment