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/guzman-y-gomez-limited" target="_blank" data-smartkarma-citation="entities:43656:1" rel="noopener">Guzman Y Gomez (GYG AU)</a> raised around US$221m in its Australian IPO. Its IPO linked partial lockup expiry is due soon.</li>
<li>GYG is a quick service restaurant business with more than 200 restaurants globally. It mainly focuses on fresh, made-to-order, Mexican-inspired food.</li>
<li>In this note, we will talk about the lockup dynamics and possible placement.</li>
</ul>



Guzman Y Gomez (GYG AU) raised around US$221m in its Australian IPO. Its IPO linked partial lockup expiry is due soon.
GYG is a quick service restaurant business with more than 200 restaurants globally. It mainly focuses on fresh, made-to-order, Mexican-inspired food.
In this note, we will talk about the lockup dynamics and possible placement.


Guzman IPO Lockup - Pop Done, Correction Ongoing, Now Time for the Lockup

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/goodman-group" target="_blank" data-smartkarma-citation="entities:959:1" rel="noopener">Goodman Group (GMG AU)</a> is looking to raise around US$2.5bn to partly fund its data centre expansion plans.</li>
<li>Goodman’s shares have performed exceptionally well over the past year, driven by its pivot towards data centers.</li>
<li>In this note, we will talk about the placement and run the deal through our ECM framework.</li>
</ul>



Goodman Group (GMG AU) is looking to raise around US$2.5bn to partly fund its data centre expansion plans.
Goodman’s shares have performed exceptionally well over the past year, driven by its pivot towards data centers.
In this note, we will talk about the placement and run the deal through our ECM framework.


Goodman Group Placement - Large Deal, Doesn’t Seem Well Flagged, Not Particularly Exciting

Derivatives and Quantitative Strategist

Gaudenz Schneider

<ul>
<li>
<a href="https://www.smartkarma.com/entities/anz-group-holdings-ltd" target="_blank" data-smartkarma-citation="entities:40898:1" rel="noopener">ANZ Group Holdings (ANZ AU)</a> is set to announce its First Quarter APS 330 Release on Thursday 20 February 2025.</li>
<li>Traders can trade the event through 20 February 2025 listed options (monthly expiration). Strategies discussed reflect different expectations of market reactions, with risk implications.</li>
<li>Historically, ANZ has experienced an average price move of 1.9% following profit announcements. Option markets anticipate a similar move this time.</li>
</ul>



ANZ Group Holdings (ANZ AU) is set to announce its First Quarter APS 330 Release on Thursday 20 February 2025.
Traders can trade the event through 20 February 2025 listed options (monthly expiration). Strategies discussed reflect different expectations of market reactions, with risk implications.
Historically, ANZ has experienced an average price move of 1.9% following profit announcements. Option markets anticipate a similar move this time.


EQD | ANZ Group Holdings (ANZ AU): Anticipated Price Swings on Q1 Announcement on 20 Feb 2025

Equity Derivatives

National Australia Bank / Equity Derivatives

<ul>
<li>
<a href="https://www.smartkarma.com/entities/national-australia-bank-ltd" target="_blank" data-smartkarma-citation="entities:15:1" rel="noopener">National Australia Bank (NAB AU)</a> is set to announce its First Quarter Trading Update on Wednesday 19 February 2025.</li>
<li>Traders can trade the event through 20 February 2025 listed options (monthly expiration). Strategies discussed reflect different expectations of market reactions, with risk implications.</li>
<li>Historically, NAB has experienced an average price move of 2.2% following profit announcements. Option markets anticipate a slightly larger move.</li>
</ul>



National Australia Bank (NAB AU) is set to announce its First Quarter Trading Update on Wednesday 19 February 2025.
Traders can trade the event through 20 February 2025 listed options (monthly expiration). Strategies discussed reflect different expectations of market reactions, with risk implications.
Historically, NAB has experienced an average price move of 2.2% following profit announcements. Option markets anticipate a slightly larger move.


EQD | National Australia Bank (NAB AU): Anticipated Price Swings on Q1 Trading Update on 19 Feb 2025

<ul>
<li>The Reserve Bank of Australia is set to announce its Monetary Policy on 18 February. The current RBA rate stands at 4.35% with no change since 2024. </li>
<li>The market is expecting a 0.25% rate cut. Options expiring on 20 February provide an instrument to trade this event. </li>
<li>Option pricing is in-line with historical <a href="https://www.smartkarma.com/entities/s-p-asx-200" target="_blank" data-smartkarma-citation="entities:22901:1" rel="noopener">S&amp;P/ASX 200 (AS51 INDEX)</a> moves on days after expected rate changes. Contrarians expecting no change might find value in put options.</li>
</ul>


The Reserve Bank of Australia is set to announce its Monetary Policy on 18 February. The current RBA rate stands at 4.35% with no change since 2024. 
The market is expecting a 0.25% rate cut. Options expiring on 20 February provide an instrument to trade this event. 
Option pricing is in-line with historical S&amp;P/ASX 200 (AS51 INDEX) moves on days after expected rate changes. Contrarians expecting no change might find value in put options.


Eqd | S&P/ASX 200 (AS51 INDEX) - RBA Decision: Will the Anticipated Rate Cut Drive the Market?

Australia

Macquarie Group Ltd. offers banking, financial advisory, investment and funds management services.  The Company offers financial advice, cash management, wealth management and private banking, life insurance, securities brokerage, corporate debt financing, real estate funds management, real estate development financing, investment funds management, and foreign exchange services.

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Macquarie Group (MQG AU)

Guzman IPO Lockup - Pop Done, Correction Ongoing, Now Time for the Lockup

Guzman Y Gomez (GYG AU) raised around US$221m in its Australian IPO. Its IPO linked partial lockup expiry is due soon, if they stock manages to...

Sumeet Singh

Goodman Group Placement - Large Deal, Doesn’t Seem Well Flagged, Not Particularly Exciting

Goodman Group (GMG AU) is looking to raise around US$2.5bn to partly fund its data centre expansion plans. In this note, we talk about the deal...

Sumeet Singh

EQD | ANZ Group Holdings (ANZ AU): Anticipated Price Swings on Q1 Announcement on 20 Feb 2025

ANZ Group Holdings to release First Quarter APS 330 on 20 Feb 2025. Traders can use listed options to discover option-implied price swings and...

Gaudenz Schneider

EQD | National Australia Bank (NAB AU): Anticipated Price Swings on Q1 Trading Update on 19 Feb 2025

National Australia Bank (NAB AU) to release First Quarter Trading Update on 19 Feb 2025. Traders can use listed options to strategize for...

Gaudenz Schneider

Eqd | S&P/ASX 200 (AS51 INDEX) - RBA Decision: Will the Anticipated Rate Cut Drive the Market?

The RBA is expected to announce a 0.25% rate cut on 18 February, with options providing a trading opportunity for contrarians who believe there...

Gaudenz Schneider

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Guzman IPO Lockup - Pop Done, Correction Ongoing, Now Time for the Lockup

Guzman Y Gomez (GYG AU) raised around US$221m in its Australian IPO. Its IPO linked partial lockup expiry is due soon, if they stock manages to...

Sumeet Singh

Goodman Group Placement - Large Deal, Doesn’t Seem Well Flagged, Not Particularly Exciting

Goodman Group (GMG AU) is looking to raise around US$2.5bn to partly fund its data centre expansion plans. In this note, we talk about the deal...

Sumeet Singh

EQD | ANZ Group Holdings (ANZ AU): Anticipated Price Swings on Q1 Announcement on 20 Feb 2025

​ANZ Group Holdings to release First Quarter APS 330 on 20 Feb 2025. Traders can use listed options to discover option-implied price swings and...

Gaudenz Schneider

EQD | National Australia Bank (NAB AU): Anticipated Price Swings on Q1 Trading Update on 19 Feb 2025

​National Australia Bank (NAB AU) to release First Quarter Trading Update on 19 Feb 2025. Traders can use listed options to strategize for...

Gaudenz Schneider

Eqd | S&P/ASX 200 (AS51 INDEX) - RBA Decision: Will the Anticipated Rate Cut Drive the Market?

​The RBA is expected to announce a 0.25% rate cut on 18 February, with options providing a trading opportunity for contrarians who believe there...

Gaudenz Schneider

ANZ Group Holdings to release First Quarter APS 330 on 20 Feb 2025. Traders can use listed options to discover option-implied price swings and...

National Australia Bank (NAB AU) to release First Quarter Trading Update on 19 Feb 2025. Traders can use listed options to strategize for...

The RBA is expected to announce a 0.25% rate cut on 18 February, with options providing a trading opportunity for contrarians who believe there...