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

Victory Giant Technology -A / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/victory-giant-technology-a" target="_blank" data-smartkarma-citation="entities:25395:1" rel="noopener">Victory Giant Technology -A (300476 CH)</a> (VG) aims to raise around US$1bn in its H-share listing.</li>
<li>VG is one of the global leaders in advanced printed circuit boards (PCB) products for AI and high-performance computing.</li>
<li>In this note, we look at its past performance and other deal dynamics that might impact the listing.</li>
</ul>



Victory Giant Technology -A (300476 CH) (VG) aims to raise around US$1bn in its H-share listing.
VG is one of the global leaders in advanced printed circuit boards (PCB) products for AI and high-performance computing.
In this note, we look at its past performance and other deal dynamics that might impact the listing.


Victory Giant A/H Listing - Riding the AI Wave

Semiconductor & Technology Specialist, Ingenuity

William Keating

Semiconductor & Technology Specialist

Ingenuity

Our focus is exclusively on in-depth research & consulting in the broader semiconductor industry. We focus on the key players, namely Intel, Micron, Qualcomm, Apple, Samsung, NVIDIA, AMD, TSMC & Global Foundries - as well as some of the lesser known, but nonetheless critical, companies such as ASML (for EUV), Mellanox, Cavium, Xilinx etc. We specialise in their products, roadmaps, process technologies, competitive advantages & threats etc. We also help our clients understand the implications of new and emerging technologies, e.g. 3D X-Point, 3D NAND, Carbon Nanotubes, Autonomous Driving, Graphene, Silicon Photonics, Wafer-Level Optics, Artificial Intelligence, FPGA, GPU, ASIC etc. 

Semiconductor Analysis & Research

Thematic (Sector/Industry)

<ul>
<li>Microsoft CEO Satya Nadella announced his intention to spend $30 billion on AI infrastructure in the UK. NVIDIA, Coreweave, Alphabet and OpenAI are also ponying up further billions</li>
<li>Jensen Huang declared the UK and AI powerhouse, third in line globally behind the US and China</li>
<li>Is it really UK sovereign AI when it's mostly paid for and made in the USA?</li>
</ul>


Microsoft CEO Satya Nadella announced his intention to spend $30 billion on AI infrastructure in the UK. NVIDIA, Coreweave, Alphabet and OpenAI are also ponying up further billions
Jensen Huang declared the UK and AI powerhouse, third in line globally behind the US and China
Is it really UK sovereign AI when it's mostly paid for and made in the USA?


UK Sovereign AI Proudly Paid For & Made In The USA

Taiwan Tech Focused Senior Analyst

Patrick Liao

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/nvidia-corp" target="_blank" data-smartkarma-citation="entities:5891:1" rel="noopener">NVIDIA Corp (NVDA US)</a> surprised the market with its announcement of a $5 billion investment in <a href="https://www.smartkarma.com/entities/intel-corp" target="_blank" data-smartkarma-citation="entities:16764:1" rel="noopener">Intel Corp (INTC US)</a>.</li>
<li>The market seems to read this as the beginning of a deeper Intel–NVIDIA partnership in AI chips.</li>
<li>We also note that Japan’s push to establish its own foundry industry through Rapidus deserves continued attention, as it could reshape the competitive map in the years ahead.</li>
</ul>



NVIDIA Corp (NVDA US) surprised the market with its announcement of a $5 billion investment in Intel Corp (INTC US).
The market seems to read this as the beginning of a deeper Intel–NVIDIA partnership in AI chips.
We also note that Japan’s push to establish its own foundry industry through Rapidus deserves continued attention, as it could reshape the competitive map in the years ahead.


Intel (INTC.US): NVIDIA’s $5B Intel Stake — A Shift in Tech’s Competitive Landscape?

Tracking developments across tech supply chains, Tech Supply Chain Tracker

Tech Supply Chain Tracker

Tracking developments across tech supply chains

<ul>
<li>Asia's e-book reader market is witnessing substantial growth, fueled by increasing sales figures.</li>
<li>Leading companies such as Google and Amazon are focusing on advanced AI technologies to enhance user experience.</li>
<li>DeepSeek AI is assessing risks linked to heightened regulatory scrutiny in China, indicating market complexities.</li>
</ul>


Asia's e-book reader market is witnessing substantial growth, fueled by increasing sales figures.
Leading companies such as Google and Amazon are focusing on advanced AI technologies to enhance user experience.
DeepSeek AI is assessing risks linked to heightened regulatory scrutiny in China, indicating market complexities.


Tech Supply Chain Tracker (19-Sep-2025): Asia's E-Book Reader Market Is Experiencing Rapid Growth

Podcast On the Business of Semiconductors, The Circuit

The Circuit

Podcast On the Business of Semiconductors

A Podcast On the Business of Semiconductors. With Jay Goldberg and Ben Bajarin

<ul><li>After a challenging last decade, Broadcom is back on track with positive earnings results and a new customer for their custom ASIC business</li><li>CEO Hawk Tan's confident and clear communication during the earnings call led to a significant stock price increase</li><li>AMD's stock was down as investors may view Broadcom's success as a potential threat to their position as a second source alternative to Nvidia in the market</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

After a challenging last decade, Broadcom is back on track with positive earnings results and a new customer for their custom ASIC businessCEO Hawk Tan's confident and clear communication during the earnings call led to a significant stock price increaseAMD's stock was down as investors may view Broadcom's success as a potential threat to their position as a second source alternative to Nvidia in the marketThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

EP 133: Broadcom Earnings, More on ASICS vs. GPUs, Google Selling TPUs?

United States

Alphabet, Inc. operates as a holding company. The Company, through its subsidiaries, provides web-based search, advertisements, maps, software applications, mobile operating systems, consumer content, enterprise solutions, commerce, and hardware products.

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Alphabet (GOOG US)

Victory Giant A/H Listing - Riding the AI Wave

Victory Giant Technology -A (300476 CH) (VG) aims to raise around US$1bn in its H-share listing. In this note, we look at the company's past...

Sumeet Singh

UK Sovereign AI Proudly Paid For & Made In The USA

Microsoft will spend $30 billion on AI in the UK with NVIDIA, Coreweave, Alphabet & OpenAI also ponying up further billions. Is it really UK...

William Keating

Intel (INTC.US): NVIDIA’s $5B Intel Stake — A Shift in Tech’s Competitive Landscape?

NVIDIA surprises market with $5 billion investment in Intel, sparking speculation of deeper partnership in AI chips. Japan's Rapidus initiative...

Patrick Liao

Tech Supply Chain Tracker (19-Sep-2025): Asia's E-Book Reader Market Is Experiencing Rapid Growth

Asia's e-book reader market is booming, with Google and Amazon enhancing AI for user experience, while DeepSeek AI assesses regulatory risks in China.

Tech Supply Chain Tracker

EP 133: Broadcom Earnings, More on ASICS vs. GPUs, Google Selling TPUs?

Broadcom had a strong quarter, beating revenue and EPS expectations, with CEO Hawk Tan's announcement of a new customer causing the stock to rise...

The Circuit

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Victory Giant A/H Listing - Riding the AI Wave

Victory Giant Technology -A (300476 CH) (VG) aims to raise around US$1bn in its H-share listing. In this note, we look at the company's past...

Sumeet Singh

UK Sovereign AI Proudly Paid For & Made In The USA

Microsoft will spend $30 billion on AI in the UK with NVIDIA, Coreweave, Alphabet & OpenAI also ponying up further billions. Is it really UK...

William Keating

Intel (INTC.US): NVIDIA’s $5B Intel Stake — A Shift in Tech’s Competitive Landscape?

​NVIDIA surprises market with $5 billion investment in Intel, sparking speculation of deeper partnership in AI chips. Japan's Rapidus initiative...

Patrick Liao

Tech Supply Chain Tracker (19-Sep-2025): Asia's E-Book Reader Market Is Experiencing Rapid Growth

Asia's e-book reader market is booming, with Google and Amazon enhancing AI for user experience, while DeepSeek AI assesses regulatory risks in China.

Tech Supply Chain Tracker

EP 133: Broadcom Earnings, More on ASICS vs. GPUs, Google Selling TPUs?

Broadcom had a strong quarter, beating revenue and EPS expectations, with CEO Hawk Tan's announcement of a new customer causing the stock to rise...

The Circuit

NVIDIA surprises market with $5 billion investment in Intel, sparking speculation of deeper partnership in AI chips. Japan's Rapidus initiative...