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

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Equity Capital Markets

Smoore International Holdings / Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/shenzhen-smoore-technology" target="_blank" data-smartkarma-citation="entities:28241:1" rel="noopener">Shenzhen Smoore Technology (0959165D CH)</a> is the world’s largest vaping device manufacturer as measured by revenue, accounting for 10.1% of the total market share, in 2018, according to Frost &amp; Sullivan. It is seeking is raise $500 million through a Hong Kong in 1Q20.</p><div class="content-highlight"><p>The industry is currently mired in regulatory uncertainty, but clarity is slowly emerging. While harsher regulations remain an overhang, we think that recent events have lowered the incremental regulatory risk, which could make Smoore an attractive opportunity for investors with higher risk appetite. Setting aside the ongoing regulatory uncertainty, Smoore has the hallmarks of a well-run business.</p></div>

Shenzhen Smoore Technology (0959165D CH) is the world’s largest vaping device manufacturer as measured by revenue, accounting for 10.1% of the total market share, in 2018, according to Frost &amp; Sullivan. It is seeking is raise $500 million through a Hong Kong in 1Q20.The industry is currently mired in regulatory uncertainty, but clarity is slowly emerging. While harsher regulations remain an overhang, we think that recent events have lowered the incremental regulatory risk, which could make Smoore an attractive opportunity for investors with higher risk appetite. Setting aside the ongoing regulatory uncertainty, Smoore has the hallmarks of a well-run business.

Smoore IPO Initiation: Into the Vaping Zone