Global TMT Analyst, Ex-PM, 30 years experience

Neil Campling

30 years Global Equity experience with focus on Global TMT, Consumer and Health Care. Experience across Buy Side (Long only and Hedge Fund), Sell Side (Head of Research), and Industry (IT Services). Equities focused, thematic research, Fundamental bottom up. Special interest in growth, high cash generation. And Forensic accounting and spotting frauds: https://www.fnlondon.com/articles/meet-the-analyst-who-called-wirecard-a-zero-amid-a-sea-of-buy-ratings-20200701

Kioxia & Tokyo Metro: Japan's Largest IPOs Since 2018 Expected This October

TMT Daily:Apple, TikTok, PINS, Semis (TSM, Samsung, Intel), Software (EA, CRM, CRWD, WDAY, HUBS),EVs

Kioxia IPO Early Re-Look - Better Placed This Time Around

Initial Thoughts on the Kioxia IPO - Impact on SK Hynix and Samsung Electronics

Event-Driven

<ul>
<li>Significant peer price performance declines leaves IPO valuation stretched, the desired discount multiple to attract interest has suddenly become a premium</li>
<li>Investor interest in memory semiconductors, AI derivative stocks has cooled</li>
<li>Peer price sell-offs are extreme but could quickly change, reflecting the highly cyclical nature of the sector</li>
</ul>


Significant peer price performance declines leaves IPO valuation stretched, the desired discount multiple to attract interest has suddenly become a premium
Investor interest in memory semiconductors, AI derivative stocks has cooled
Peer price sell-offs are extreme but could quickly change, reflecting the highly cyclical nature of the sector


Tech: Japan's Biggest IPO in 6 Years, Kioxia, Is Off. Here Is the Likely Reason

Kioxia Holdings

Tech: Japan's Biggest IPO in 6 Years, Kioxia, Is Off. Here Is the Likely Reason