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

So-Young IPO Preview: Skin-Deep Truths About Beauty

Yunji IPO Preview: Balance Sheet Points to Waning Engagement

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.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/so-young-international-inc" target="_blank" data-smartkarma-citation="entities:28025:1" rel="noopener">So-Young (SY US)</a> is a leading Chinese plastic surgery platform. It was listed on 2 May 2019 and raised $162.9 million at $13.80 per ADS. </li>
<li>It has received a non-binding privatisation proposal from Mr Xing Jin (co-founder, Chairman and CEO) at $5.30 per ADS, a 22.7% premium to the last close price. </li>
<li>The offer price is derisory in the context of historical multiples and share prices. Nevertheless, Xing Jin already meets the two-thirds voting power threshold.    </li>
</ul>



So-Young (SY US) is a leading Chinese plastic surgery platform. It was listed on 2 May 2019 and raised $162.9 million at $13.80 per ADS. 
It has received a non-binding privatisation proposal from Mr Xing Jin (co-founder, Chairman and CEO) at $5.30 per ADS, a 22.7% premium to the last close price. 
The offer price is derisory in the context of historical multiples and share prices. Nevertheless, Xing Jin already meets the two-thirds voting power threshold.    


So-Young

So-Young’s Derisory Privatisation Bid