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.

Index Rebalance

<ul>
<li>
<a href="https://www.smartkarma.com/entities/jio-platforms-ltd" target="_blank" data-smartkarma-citation="entities:50269:1" rel="noopener">Jio Platforms </a>is looking to raise up to US$3.2bn in its upcoming India IPO.</li>
<li>Jio Platforms Ltd (JPL) is a technology and digital services platform company promoted by Reliance Industries, built on a proprietary digital technology stack and pan-India connectivity infrastructure.</li>
<li>We have looked at the company’s past performance and valuations in our previous note. In this note, we will talk about the index impact.</li>
</ul>



Jio Platforms is looking to raise up to US$3.2bn in its upcoming India IPO.
Jio Platforms Ltd (JPL) is a technology and digital services platform company promoted by Reliance Industries, built on a proprietary digital technology stack and pan-India connectivity infrastructure.
We have looked at the company’s past performance and valuations in our previous note. In this note, we will talk about the index impact.


Aequitas: Jio Platforms IPO - Index Flows - Tiny Float Now, Large Impact Later

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Meta Platforms is no longer being judged only as a social media company with a giant advertising engine.</li><li>It is now being watched as one of the most aggressive builders of AI infrastructure in the world.</li><li>Reports that Meta may look to sell excess computing capacity, potentially with access to its AI models, have turned its heavy capital spending into a more interesting question: is this simply another costly Big Tech arms race, or is Meta preparing to become a new kind of AI landlord?</li></ul>

Meta Platforms is no longer being judged only as a social media company with a giant advertising engine.It is now being watched as one of the most aggressive builders of AI infrastructure in the world.Reports that Meta may look to sell excess computing capacity, potentially with access to its AI models, have turned its heavy capital spending into a more interesting question: is this simply another costly Big Tech arms race, or is Meta preparing to become a new kind of AI landlord?

Meta’s $145 Billion AI Gamble May Finally Pay Off!

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

Shenton Research

Shenton Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Thematic (Sector/Industry)

<ul>
<li>OpenAI's private funding and burn disclosures reset IPO timing, while Anthropic added Nasdaq, profitability and revenue markers ahead of listing.</li>
<li>China labs shipped faster domestic-chip inference, cheaper multimodal pricing, coding-agent tools and Kimi distribution on AWS Bedrock.</li>
<li>AI infrastructure financing stayed active across data centers, power equipment, custom chips, memory and startup funding.</li>
</ul>


OpenAI's private funding and burn disclosures reset IPO timing, while Anthropic added Nasdaq, profitability and revenue markers ahead of listing.
China labs shipped faster domestic-chip inference, cheaper multimodal pricing, coding-agent tools and Kimi distribution on AWS Bedrock.
AI infrastructure financing stayed active across data centers, power equipment, custom chips, memory and startup funding.


This Week in AI (Sep 13-19): OpenAI Delays IPO Hopes; AI Slowdown Debate Hits Markets

<ul><li>Meta Platforms is no longer talking about artificial intelligence as a side feature inside Facebook, Instagram, Messenger, and WhatsApp.</li><li>It is now describing AI agents as a future operating layer for both people and businesses.</li><li>The company’s newest business AI push is designed to answer customer questions, support advertisers, resolve account issues, create ad content, facilitate customer conversations, and eventually help entrepreneurs run more of their daily operations through Meta’s apps.</li></ul>

Meta Platforms is no longer talking about artificial intelligence as a side feature inside Facebook, Instagram, Messenger, and WhatsApp.It is now describing AI agents as a future operating layer for both people and businesses.The company’s newest business AI push is designed to answer customer questions, support advertisers, resolve account issues, create ad content, facilitate customer conversations, and eventually help entrepreneurs run more of their daily operations through Meta’s apps.

Meta’s $145 Billion AI Gamble Is Coming For Workflows!

<ul><li>Meta Platforms reported a solid first quarter in 2026 driven by sustained user engagement and significant advancements in artificial intelligence (AI) technologies.</li><li>The company noted a slight decline in total daily active users primarily due to external factors such as Internet outages in Iran and restrictions in Russia; however, usage trends for core apps like Instagram and Facebook continued to grow, with video formats reaching record engagement levels.</li><li>WhatsApp maintained strong momentum in the U.S., and the newly launched Threads app is progressing toward category leadership.</li></ul>

Meta Platforms reported a solid first quarter in 2026 driven by sustained user engagement and significant advancements in artificial intelligence (AI) technologies.The company noted a slight decline in total daily active users primarily due to external factors such as Internet outages in Iran and restrictions in Russia; however, usage trends for core apps like Instagram and Facebook continued to grow, with video formats reaching record engagement levels.WhatsApp maintained strong momentum in the U.S., and the newly launched Threads app is progressing toward category leadership.

Meta Platforms' Expense Growth Of 35% Is Now Outpacing Its 33% Revenue Expansion

United States

Meta Platforms Inc. operates as a social technology company. The Company builds applications and technologies that help people connect, find communities, and grow businesses. meta Platform is also involved in advertisements, augmented and virtual reality.

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Meta (META US)

Aequitas: Jio Platforms IPO - Index Flows - Tiny Float Now, Large Impact Later

Jio Platforms is looking to raise up to US$3.2bn in its upcoming India IPO. In this note, we talk about the eventual index impact.

Sumeet Singh

Meta’s $145 Billion AI Gamble May Finally Pay Off!

Meta Platforms is no longer being judged only as a social media company with a giant advertising engine. It is now being watched as one of the...

Baptista Research

This Week in AI (Sep 13-19): OpenAI Delays IPO Hopes; AI Slowdown Debate Hits Markets

This week in AI: OpenAI pushed IPO expectations beyond 2026, the AI slowdown debate reached markets and policy, and Chinese labs kept shipping models.

Ke Yan, CFA, FRM

Meta’s $145 Billion AI Gamble Is Coming For Workflows!

Meta Platforms is no longer talking about artificial intelligence as a side feature inside Facebook, Instagram, Messenger, and WhatsApp. It is now...

Baptista Research

Meta Platforms' Expense Growth Of 35% Is Now Outpacing Its 33% Revenue Expansion

Meta Platforms reported a solid first quarter in 2026 driven by sustained user engagement and significant advancements in artificial intelligence...

Baptista Research

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