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.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/lg-cns-co-ltd" target="_blank" data-smartkarma-citation="entities:35945:1" rel="noopener">LG CNS (064400 KS)</a> raised around US$825m in its Korea IPO in February 2025. LG CNS is a South Korean information technology company.</li>
<li>The shares didn’t do much at listing and have only recently moved higher to trade above its IPO price.</li>
<li>In this note, we will talk about the lock-up dynamics and updates since our last note.</li>
</ul>



LG CNS (064400 KS) raised around US$825m in its Korea IPO in February 2025. LG CNS is a South Korean information technology company.
The shares didn’t do much at listing and have only recently moved higher to trade above its IPO price.
In this note, we will talk about the lock-up dynamics and updates since our last note.


LG CNS IPO Lockup Expiry - US$1.1bn Release, with PE Well in the Money

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Cross Asset Strategy

<ul>
<li><strong>There has been a surge in the number of share buybacks in Korea in the past week as a result of the significant recent decline in the stock market. In this insight, we delve into these recent share buybacks in Korea as these stocks could outperform in this difficult market environment.</strong></li>
<li>In this report, we represent 80 companies that announced share buyback programs from March 11th to 17th. Many of these companies have experienced 40-50%+ decline in their share prices in the past two months. The number of Korean companies that have announced share buybacks in the past two weeks has been one of the highest ever in the past several years, suggesting that many Korean companies believe that their companies' share prices are undervalued. </li>
<li>Among the companies with more than 100 billion won in market cap and share buyback representing more than 4% of outstanding shares include <a href="https://www.smartkarma.com/entities/hdc-i-controls-co-ltd" target="_blank" data-smartkarma-citation="entities:27203:1" rel="noopener">HDC I-Controls Co Ltd (039570 KS)</a>, <a href="https://www.smartkarma.com/entities/daehan-steel-co-ltd" target="_blank" data-smartkarma-citation="entities:8380:1" rel="noopener">Daehan Steel (084010 KS)</a>, <a href="https://www.smartkarma.com/entities/ctk-cosmetics" target="_blank" data-smartkarma-citation="entities:25920:1" rel="noopener">CTK Cosmetics (260930 KS)</a>, <a href="https://www.smartkarma.com/entities/em-tech-co-ltd" target="_blank" data-smartkarma-citation="entities:13531:1" rel="noopener">Em Tech Co Ltd (091120 KS)</a>, KOREIT, <a href="https://www.smartkarma.com/entities/vieworks-co-ltd" target="_blank" data-smartkarma-citation="entities:6644:1" rel="noopener">Vieworks Co Ltd (100120 KS)</a>, and Minwise. </li>
</ul>


There has been a surge in the number of share buybacks in Korea in the past week as a result of the significant recent decline in the stock market. In this insight, we delve into these recent share buybacks in Korea as these stocks could outperform in this difficult market environment.
In this report, we represent 80 companies that announced share buyback programs from March 11th to 17th. Many of these companies have experienced 40-50%+ decline in their share prices in the past two months. The number of Korean companies that have announced share buybacks in the past two weeks has been one of the highest ever in the past several years, suggesting that many Korean companies believe that their companies' share prices are undervalued. 
Among the companies with more than 100 billion won in market cap and share buyback representing more than 4% of outstanding shares include HDC I-Controls Co Ltd (039570 KS), Daehan Steel (084010 KS), CTK Cosmetics (260930 KS), Em Tech Co Ltd (091120 KS), KOREIT, Vieworks Co Ltd (100120 KS), and Minwise. 


Korean Share Buybacks in the Time of Coronavirus

South Korea

Daehan Steel Co., Ltd. manufactures steel bars for concrete reinforcement. The Company's product includes round steel bar and deformed steel bar.  Daehan Steel provides the product for construction industry.

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LG CNS IPO Lockup Expiry - US$1.1bn Release, with PE Well in the Money

There was a US$250m placement in LG CNS after market close, with Macquaire having sold nearly a quarter of its stake right after lockup expiry.

Sumeet Singh

Korean Share Buybacks in the Time of Coronavirus

There has been a surge in the number of share buybacks in Korea in the past week as a result of the significant recent decline in the stock...

Douglas Kim