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/robosense-technology-co-ltd" target="_blank" data-smartkarma-citation="entities:39903:1" rel="noopener">Robosense Technology (2498 HK)</a> raised around US$126m in its Hong Kong IPO in Jan 2024. The lockup on its shareholders will expire soon.</li>
<li>The company provides LiDAR and perception solutions to its customers. As of March 2024, it had design wins for mass production of LiDAR products with 22 automotive OEMs and suppliers.</li>
<li>In this note, we talk about the upcoming lock-up expiry and possible deal dynamics.</li>
</ul>



Robosense Technology (2498 HK) raised around US$126m in its Hong Kong IPO in Jan 2024. The lockup on its shareholders will expire soon.
The company provides LiDAR and perception solutions to its customers. As of March 2024, it had design wins for mass production of LiDAR products with 22 automotive OEMs and suppliers.
In this note, we talk about the upcoming lock-up expiry and possible deal dynamics.


Robosense IPO Lock-Up Expiry - US$2.8bn Lockup Expiry for 99% of the Stock, CCASS Movement

Semiconductor & Technology Specialist, Ingenuity

William Keating

Semiconductor & Technology Specialist

Ingenuity

Our focus is exclusively on in-depth research & consulting in the broader semiconductor industry. We focus on the key players, namely Intel, Micron, Qualcomm, Apple, Samsung, NVIDIA, AMD, TSMC & Global Foundries - as well as some of the lesser known, but nonetheless critical, companies such as ASML (for EUV), Mellanox, Cavium, Xilinx etc. We specialise in their products, roadmaps, process technologies, competitive advantages & threats etc. We also help our clients understand the implications of new and emerging technologies, e.g. 3D X-Point, 3D NAND, Carbon Nanotubes, Autonomous Driving, Graphene, Silicon Photonics, Wafer-Level Optics, Artificial Intelligence, FPGA, GPU, ASIC etc. 

Semiconductor Analysis & Research

Equity Bottom-Up

<ul>
<li>From a growth forecast of &gt;20% YoY just two months ago, 2024 is now pegged as a low-to-no growth year</li>
<li>This will be a big negative for the likes of Infineon, ST Microelectronics, NXP, Globalfoundries and HH Grace, among others. </li>
<li>Our anticipated gloomy Q423 earnings season just got a whole lot gloomier</li>
</ul>


From a growth forecast of &gt;20% YoY just two months ago, 2024 is now pegged as a low-to-no growth year
This will be a big negative for the likes of Infineon, ST Microelectronics, NXP, Globalfoundries and HH Grace, among others. 
Our anticipated gloomy Q423 earnings season just got a whole lot gloomier


Mobileye Profit Warning Is A Harbinger Of Gloom As Q423 Earnings Loom

Equity Long-Short, Semiconductors, Fabricated Knowledge

Douglas O'Laughlin

Equity Long-Short, Semiconductors

Fabricated Knowledge

Learn more about the world's most important manufactured product. Meaningful insight, timely analysis, and an occasional investment idea.

Equity Capital Markets

<ul>
<li>ARM prices this Wednesday and trades on Thursday.</li>
<li>I have a lot of thoughts. This will be a great post if you want to learn about ARM. </li>
<li><span style="font-size: var(--content-font-size);">So, without further adieu, let’s dive into the most important IP company in the world.</span></li>
</ul>


ARM prices this Wednesday and trades on Thursday.
I have a lot of thoughts. This will be a great post if you want to learn about ARM. 
So, without further adieu, let’s dive into the most important IP company in the world.


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.

<ul><li>Mobileye delivered a solid first quarter in 2026 with revenue increasing 27% year-over-year to $558 million, driven by higher volumes and expanded market share, particularly within Chinese OEM exports.</li><li>Adjusted operating income rose 61% to $95 million, supported by strong margins in the Advanced Driver-Assistance Systems (ADAS) segment and effective cost management.</li><li>Operating cash flow remained strong at $75 million despite some working capital timing impacts.</li></ul>

Mobileye delivered a solid first quarter in 2026 with revenue increasing 27% year-over-year to $558 million, driven by higher volumes and expanded market share, particularly within Chinese OEM exports.Adjusted operating income rose 61% to $95 million, supported by strong margins in the Advanced Driver-Assistance Systems (ADAS) segment and effective cost management.Operating cash flow remained strong at $75 million despite some working capital timing impacts.

Mobileye: How Volkswagen, MOIA, And Europe’s Tough Regulations Could Strengthen Its Robotaxi Moat!

<ul><li>Mobileye, a leader in advanced driver-assistance systems (ADAS) and autonomous driving technology, reported its financial results for the fourth quarter and full year of 2025.</li><li>The company achieved 15% revenue growth, with a notable 45% increase in adjusted operating profit and more than a 50% rise in operating cash flow compared to the previous year.</li><li>These results are attributed to strong demand for Mobileye's products, driven by growth in the auto industry and innovations in ADAS technology.</li></ul>

Mobileye, a leader in advanced driver-assistance systems (ADAS) and autonomous driving technology, reported its financial results for the fourth quarter and full year of 2025.The company achieved 15% revenue growth, with a notable 45% increase in adjusted operating profit and more than a 50% rise in operating cash flow compared to the previous year.These results are attributed to strong demand for Mobileye's products, driven by growth in the auto industry and innovations in ADAS technology.

Mobileye’s CES Robotics Buzz Explained: What Pilots Prove

Israel

Mobileye Global Inc. provides software and hardware technologies for automobiles. The Company specializes in development and deployment of driver assistance systems ("ADAS") and autonomous driving technologies and solutions. Mobileye Global serves customers worldwide.

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Mobileye Global (MBLY US)

Robosense IPO Lock-Up Expiry - US$2.8bn Lockup Expiry for 99% of the Stock, CCASS Movement

The pre-IPO shareholders came out of lockup today, leading to a 67% drop in the share price with an accompanying spike in volumes.

Sumeet Singh

Mobileye Profit Warning Is A Harbinger Of Gloom As Q423 Earnings Loom

From a growth forecast of >20% YoY just two months ago, Mobileye's 2024 is now pegged as a low-to-no growth year. Bad news for Infineon, ST Micro,...

William Keating

ARM IPO Breakdown

ARM prices this Wednesday and trades on Thursday. I have a lot of thoughts. This will be a great post if you want to learn about ARM. So, without...

Fabricated Knowledge

Mobileye: How Volkswagen, MOIA, And Europe’s Tough Regulations Could Strengthen Its Robotaxi Moat!

Mobileye delivered a solid first quarter in 2026 with revenue increasing 27% year-over-year to $558 million, driven by higher volumes and expanded...

Baptista Research

Mobileye’s CES Robotics Buzz Explained: What Pilots Prove

Mobileye, a leader in advanced driver-assistance systems (ADAS) and autonomous driving technology, reported its financial results for the fourth...

Baptista Research

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