Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/firmus-technologies" target="_blank" data-smartkarma-citation="entities:46219:1" rel="noopener">Firmus Technologies (FIRMUS AU)</a> has reportedly priced its IPO at A$11/share with an aim to raise A$7.1bn. There is also an overallotment option of another A$0.7bn.</li>
<li>At the IPO price, <a href="https://www.smartkarma.com/entities/firmus-technologies" target="_blank" data-smartkarma-citation="entities:46219:1" rel="noopener">Firmus Technologies (FIRMUS AU)</a> will have a full market cap of A$43.5bn (US$30.2bn) and an enterprise value of around US$60bn.</li>
<li>There could be one global index Fast Entry, with other index inclusions coming in February and March. Size and timing of the passive flows depends on the lock-up schedule.</li>
</ul>



Firmus Technologies (FIRMUS AU) has reportedly priced its IPO at A$11/share with an aim to raise A$7.1bn. There is also an overallotment option of another A$0.7bn.
At the IPO price, Firmus Technologies (FIRMUS AU) will have a full market cap of A$43.5bn (US$30.2bn) and an enterprise value of around US$60bn.
There could be one global index Fast Entry, with other index inclusions coming in February and March. Size and timing of the passive flows depends on the lock-up schedule.


Firmus Technologies (FIRMUS AU) IPO: Lock-Up Schedule to Drive Index Inclusion, Timing & Flow

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

Biren Technology / Equity Capital Markets

<ul>
<li>Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.</li>
<li>On the IPO front, <a href="https://www.smartkarma.com/entities/jio-platforms-ltd" target="_blank" data-smartkarma-citation="entities:50269:1" rel="noopener">Jio Platforms</a> is set to launch its US$3bn+ offering this week, while some listings continue to trickle through in Hong Kong. </li>
<li>On the placement front, the HK flows picked up post the holidays and we had a look at a few of the upcoming lockup expiries.</li>
</ul>


Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.
On the IPO front, Jio Platforms is set to launch its US$3bn+ offering this week, while some listings continue to trickle through in Hong Kong. 
On the placement front, the HK flows picked up post the holidays and we had a look at a few of the upcoming lockup expiries.


Aequitas ECM Weekly (12 October 2026)-Wuxi Bio, CIG, CKD, Infroneer, JIO, ESWIN, Tinci, Transsion

Australia

Provider of advanced AI-infrastructure systems for high-density computing environments. The company operates in the artificial intelligence and high-performance computing space, offering a platform that integrates immersion-cooling, power-grid orchestration, modular compute blocks, and proprietary operating software. This technology enables enterprise and sovereign users to deploy large-scale AI workloads with enhanced energy efficiency and lower total cost of ownership.

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Firmus Technologies (FIRMUS AU) IPO: Lock-Up Schedule to Drive Index Inclusion, Timing & Flow

Firmus has reportedly priced its IPO at A$11/share with an aim to raise A$7.1bn at a post-money valuation of A$43.5bn. The pre-IPO lock-up schedule...

Brian Freitas

Aequitas ECM Weekly (12 October 2026)-Wuxi Bio, CIG, CKD, Infroneer, JIO, ESWIN, Tinci, Transsion

Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.

Sumeet Singh