Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

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

Futu Holdings Ltd / Equity Capital Markets

<a href="https://www.smartkarma.com/entities/27858" target="_blank" data-smartkarma-citation="entities:27858:1">Futu Holdings Ltd (FHL US)</a> plans to raise up to US$130m in its US listing. 
In my earlier insights, I looked at the company's background,  past financial performance and scored the deal on our IPO framework.: 
<ul>
<li>
<a href="https://www.smartkarma.com/insights/futu-holdings-pre-ipo-great-metrics-but-in-a-commoditised-industry" target="_blank">Futu Holdings Pre-IPO - Great Metrics but in a Commoditised Industry</a>, </li>
<li>
<a href="https://www.smartkarma.com/insights/futu-holdings-pre-ipo-fy18-updates-and-quick-thoughts-on-valuation" target="_blank">Futu Holdings Pre-IPO - FY18 Updates And Quick Thoughts on Valuation</a>, and</li>
<li>
<a href="https://www.smartkarma.com/insights/futu-holdings-ipo-given-the-team-execution-and-backers-might-be-worth-a-look-at-the-low-end" target="_blank">Futu Holdings IPO - Given the Team, Execution, and Backers, Might Be Worth a Look at the Low-End</a> </li>
</ul>
In this insight, I do a quick comparison of Futu versus <a href="https://www.smartkarma.com/entities/27957" target="_blank" data-smartkarma-citation="entities:27957:1">Up Fintech (TIGR US)</a> (aka Tiger Brokers) who is regarded as Futu's main competitor in the space.

Futu Holdings Ltd (FHL US) plans to raise up to US$130m in its US listing. 
In my earlier insights, I looked at the company's background,  past financial performance and scored the deal on our IPO framework.: 


Futu Holdings Pre-IPO - Great Metrics but in a Commoditised Industry, 

Futu Holdings Pre-IPO - FY18 Updates And Quick Thoughts on Valuation, and

Futu Holdings IPO - Given the Team, Execution, and Backers, Might Be Worth a Look at the Low-End 

In this insight, I do a quick comparison of Futu versus Up Fintech (TIGR US) (aka Tiger Brokers) who is regarded as Futu's main competitor in the space.

Futu Holdings IPO Quick Note - Comparison with Tiger Brokers - Same Market, Different Economics

United States

UP Fintech Holding Limited operates as a holding company. The Company, through its subsidiaries, provides online securities brokerage services. Up Fintech Holding serves customers in China.

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UP Fintech (TIGR US)

Futu Holdings IPO Quick Note - Comparison with Tiger Brokers - Same Market, Different Economics

Futu Holdings Ltd (FHL US) plans to raise up to US$130m in its US listing. In my earlier insights, I looked at the company's background, past...

Sumeet Singh

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52-week Range

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