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

<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, we had a look at a number of deals that are in the pipeline.</li>
<li>On the placements front, it was a relatively quiet week with a few primary raisings.</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, we had a look at a number of deals that are in the pipeline.
On the placements front, it was a relatively quiet week with a few primary raisings.


ECM Weekly (28 July 2025) - MMC, Pine Lags, Prestige, Veritas, Daehan, Kasumigaseki, NSDL, GNI

APAC IPOs & Placements, Aequitas Research

Nicholas Tan

APAC IPOs & Placements

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>  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>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, filings and listings have cooled off going into the general summer lull.</li>
<li>On the placements front, <a href="https://www.smartkarma.com/entities/state-bank-of-india" target="_blank" data-smartkarma-citation="entities:160:1" rel="noopener">State Bank Of India (SBIN IN)</a> pulled the trigger on its long touted QIP.</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, filings and listings have cooled off going into the general summer lull.
On the placements front, State Bank Of India (SBIN IN) pulled the trigger on its long touted QIP.


ECM Weekly (21 July 2025) - Muyuan, Unisplendour, NTT, Kasumigaseki, Anthem, Leads, SBI, Ascentage

<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

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.

Price Gauge
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Kasumigaseki Hotel REIT (401A JP)

ECM Weekly (28 July 2025) - MMC, Pine Lags, Prestige, Veritas, Daehan, Kasumigaseki, NSDL, GNI

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

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

ECM Weekly (21 July 2025) - Muyuan, Unisplendour, NTT, Kasumigaseki, Anthem, Leads, SBI, Ascentage

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

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

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)