APAC IPOs & Placements, Aequitas Research

Nicholas Tan

APAC 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

Kasumigaseki Hotel REIT / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/kasumigaseki-hotel-reit" target="_blank" data-smartkarma-citation="entities:45503:1" rel="noopener">Kasumigaseki Hotel REIT (401A JP)</a>  raised US$193m in its upcoming Japan IPO.</li>
<li>Kasumigaseki Hotel REIT Investment is a REIT with hotel assets. It is an investment corporation sponsored by affiliated developer, Kasumigaseki Capital.</li>
<li>In this note, we examine the IPO dynamics, and look at the firm’s valuation</li>
</ul>



Kasumigaseki Hotel REIT (401A JP)  raised US$193m in its upcoming Japan IPO.
Kasumigaseki Hotel REIT Investment is a REIT with hotel assets. It is an investment corporation sponsored by affiliated developer, Kasumigaseki Capital.
In this note, we examine the IPO dynamics, and look at the firm’s valuation


Kasumigaseki Hotel REIT IPO: Books Well Covered; Modest Upside from Here

<ul>
<li>
<a href="https://www.smartkarma.com/entities/kasumigaseki-hotel-reit" target="_blank" data-smartkarma-citation="entities:45503:1" rel="noopener">Kasumigaseki Hotel REIT (401A JP)</a>  is looking to raise up to US$192m in its upcoming Japan IPO.</li>
<li>It is a REIT with hotel assets sponsored by affiliated developer, <a href="https://www.smartkarma.com/entities/kasumigaseki-capital-co-ltd" target="_blank" data-smartkarma-citation="entities:40162:1" rel="noopener">Kasumigaseki Capital (3498 JP)</a>.</li>
<li>In this note, we examine the IPO dynamics, and look at the firm’s valuation.</li>
</ul>



Kasumigaseki Hotel REIT (401A JP)  is looking to raise up to US$192m in its upcoming Japan IPO.
It is a REIT with hotel assets sponsored by affiliated developer, Kasumigaseki Capital (3498 JP).
In this note, we examine the IPO dynamics, and look at the firm’s valuation.


Kasumigaseki Hotel REIT IPO: Lags in Size but Priced at a Discount

<ul>
<li>
<a href="https://www.smartkarma.com/entities/kasumigaseki-hotel-reit" target="_blank" data-smartkarma-citation="entities:45503:1" rel="noopener">Kasumigaseki Hotel REIT (401A JP)</a>  is looking to raise up to US$195m in its upcoming Japan IPO.</li>
<li>It is a REIT with hotel assets  sponsored by affiliated developer, <a href="https://www.smartkarma.com/entities/kasumigaseki-capital-co-ltd" target="_blank" data-smartkarma-citation="entities:40162:1" rel="noopener">Kasumigaseki Capital (3498 JP)</a>.</li>
<li>In this note, we examine the IPO dynamics, and undertake a peer comparison.</li>
</ul>



Kasumigaseki Hotel REIT (401A JP)  is looking to raise up to US$195m in its upcoming Japan IPO.
It is a REIT with hotel assets  sponsored by affiliated developer, Kasumigaseki Capital (3498 JP).
In this note, we examine the IPO dynamics, and undertake a peer comparison.


Kasumigaseki REIT Pre-IPO: Peer Comparison - Small Is Size but Matching Its Peers on Other Metrics

<ul>
<li>
<a href="https://www.smartkarma.com/entities/kasumigaseki-hotel-reit" target="_blank" data-smartkarma-citation="entities:45503:1" rel="noopener">Kasumigaseki Hotel REIT (401A JP)</a>  is looking to raise up to US$195m in its upcoming Japan IPO.</li>
<li>It is a REIT with hotel assets, sponsored by <a href="https://www.smartkarma.com/entities/kasumigaseki-capital-co-ltd" target="_blank" data-smartkarma-citation="entities:40162:1" rel="noopener">Kasumigaseki Capital (3498 JP)</a> . </li>
<li>In this note, we look at the firm's past performance.</li>
</ul>



Kasumigaseki Hotel REIT (401A JP)  is looking to raise up to US$195m in its upcoming Japan IPO.
It is a REIT with hotel assets, sponsored by Kasumigaseki Capital (3498 JP) . 
In this note, we look at the firm's past performance.


Kasumigaseki Hotel REIT Pre-IPO: Young Hotel Assets and Improving Economics

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

<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 number of companies are lining up to start 2H listing season, which is likely to be one of the busiest over the past few years.</li>
<li>On the placements front as well, given ongoing earnings annoucement there were only one large placement last week.</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,  a number of companies are lining up to start 2H listing season, which is likely to be one of the busiest over the past few years.
On the placements front as well, given ongoing earnings annoucement there were only one large placement last week.


ECM Weekly (18 August 2025)- Eve Energy, CNGR, Will Semi, 52 Toys, JSW, Bluestone, Tuas, Hexaware

Japan

Kasumigaseki Hotel REIT Investment Corporation offers real estate investment trust services. The Company owns and develops hotels, resort properties, and others. Kasumigaseki Hotel REIT Investment conducts businesses throughout Japan.

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Kasumigaseki Hotel REIT (401A JP)

Kasumigaseki Hotel REIT IPO: Books Well Covered; Modest Upside from Here

Kasumigaseki Hotel REIT raised US$193m in its upcoming Japan IPO. In this note, we examine the IPO dynamics, and look at the firm’s valuation.

Nicholas Tan

Kasumigaseki Hotel REIT IPO: Lags in Size but Priced at a Discount

Kasumigaseki Hotel REIT is looking to raise up to US$192m in its upcoming Japan IPO. In this note, we examine the IPO dynamics, and look at the...

Nicholas Tan

Kasumigaseki REIT Pre-IPO: Peer Comparison - Small Is Size but Matching Its Peers on Other Metrics

Kasumigaseki Hotel REIT is looking to raise up to US$195m in its upcoming Japan IPO. In this note, we examine the IPO dynamics, and undertake a...

Nicholas Tan

Kasumigaseki Hotel REIT Pre-IPO: Young Hotel Assets and Improving Economics

Kasumigaseki Hotel REIT is looking to raise up to US$195m in its upcoming Japan IPO. In this note, we look at the firm's past performance.

Nicholas Tan

ECM Weekly (18 August 2025)- Eve Energy, CNGR, Will Semi, 52 Toys, JSW, Bluestone, Tuas, Hexaware

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

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)