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

JR West (9021 JP) New Issue: Index Implications

JR West – Lacking Advantages Compared to JR Kyushu

Hulic Co (3003 JP): Index Implications of New Issue + Placement

ANA Holdings Placement - Bigger but Not Necessarily Better Deal than JAL

Japan Airlines Placement - Tricky Tricky, Needs to Correct

Japan Airlines Placement - Given the Uncertain Outlook, Might Need Further Correction

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

West Japan Railway Co / Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/west-japan-railway-co" target="_blank" data-smartkarma-citation="entities:12077:1" rel="noopener">West Japan Railway Co (9021 JP)</a>  (JR West) is looking to raise up to US$2.7bn (including over-allocation) in its upcoming Japan follow-on offering.</p><p>In this note, we take a brief look at fundamentals, recent results, and share our thoughts on deal dynamics. We will also run the deal through our ECM framework.</p>

West Japan Railway Co (9021 JP)  (JR West) is looking to raise up to US$2.7bn (including over-allocation) in its upcoming Japan follow-on offering.In this note, we take a brief look at fundamentals, recent results, and share our thoughts on deal dynamics. We will also run the deal through our ECM framework.

West Japan Railway Placement - A Large, Unexpected Dilution