Visional: Steady Performance
​Visional's 4QFY07/23 OP beat consensus by a large margin. Unlike its counterpart Recruit whose earnings growth has declined, both BizReach and...
714 Views
Seibu Giken Pre-IPO - Rapid Growth Followed by Rapid Deceleration
Seibu Giken (6223 JP) (SG) is looking to raise around US$120m in its Japan IPO via selling a mix of primary and secondary shares. In this note, we...
515 Views
Recruit Holdings: Weakening Job Markets and New Pricing Model to Impact HR Tech Further
​US job openings hit a low of 8.827m in July 2023, below the projected 9.465m. Web traffic on Indeed has further dropped. The new pricing plan is...
643 Views
Integral Corporation Pre-IPO - Thoughts on Valuation
Integral Corporation (5842 JP) is looking to raise around US$123m in its Japan IPO. In this note, we talk about valuations.
747 Views
ECM Weekly (3rd Sep 2023) - Doosan, VNG, Tuhu, Integral, ARM, Zomato, APM, Auckland Int, Daiwa REIT
Aequitas Research puts out a weekly update on the deals that were covered by the team recently along with updates for upcoming IPOs.
557 Views