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

Kioxia Holdings  / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/kioxia-holdings-corp" target="_blank" data-smartkarma-citation="entities:29243:1" rel="noopener">Kioxia Holdings (285A JP)</a>, a leading global flash memory producer, aims to undertake an ADS listing.</li>
<li>In May 2026, Kioxia announced that it was preparing for listing ADS in the US. The timing and size of the deal remain uncertain.</li>
<li>In our previous note, we looked at the company's past performance, in this note we talk about its past deals, shareholder overhang and valautions.</li>
</ul>



Kioxia Holdings (285A JP), a leading global flash memory producer, aims to undertake an ADS listing.
In May 2026, Kioxia announced that it was preparing for listing ADS in the US. The timing and size of the deal remain uncertain.
In our previous note, we looked at the company's past performance, in this note we talk about its past deals, shareholder overhang and valautions.


Aequitas: Kioxia ADS Listing - Part 2 - Past Deals, Shareholder Overhang, Valuations &  Memory Cycle

<ul>
<li>
<a href="https://www.smartkarma.com/entities/kioxia-holdings-corp" target="_blank" data-smartkarma-citation="entities:29243:1" rel="noopener">Kioxia Holdings (285A JP)</a>, a leading global flash memory producer, aims to undertake an ADS listing.</li>
<li>In May 2026, Kioxia announced that it was preparing for listing ADS in the US. The timing and size of the deal remain uncertain.</li>
<li>In this note, we look at its past performance and other deal dynamics that might impact the listing.</li>
</ul>



Kioxia Holdings (285A JP), a leading global flash memory producer, aims to undertake an ADS listing.
In May 2026, Kioxia announced that it was preparing for listing ADS in the US. The timing and size of the deal remain uncertain.
In this note, we look at its past performance and other deal dynamics that might impact the listing.


Aequitas: Kioxia ADS Listing - Part 1 - Early Look - At the US$5-10bn+ Raising

Managing Director, Zero One, Zero One

Vincent Fernando, CFA

Managing Director, Zero One

Zero One

Founded in 2015, Zero One produces independent investment research and provides corporate finance advisory services with a focus on both listed and private technology companies. Founder Vincent Fernando has over 20 years of experience in US and Asia capital markets.

Independent Investment Research

Equity Bottom-Up

TSMC (Taiwan Semiconductor Manufacturing) / Equity Bottom-Up

TSMC (Taiwan Semiconductor Manufacturing) (TSM US)

TSMC (Taiwan Semiconductor Manufacturing)

<ul>
<li>COMPUTEX and GTC Taipei drove TSMC and the TAIEX to records, before a US$1.3tn AI selloff in the U.S. sent Taiwan index futures down a record 6.65%.</li>
<li>The trigger was expectations, not fundamentals: Broadcom beat but held rather than raised its long-term AI target, and a hot US jobs report killed Fed rate-cut hopes.</li>
<li>Yet demand kept accelerating through the rout: Winbond, Foxconn and Aspeed posted record sales, and Apollo and Blackstone closed US$35bn to buy AI chips for Anthropic.</li>
</ul>


COMPUTEX and GTC Taipei drove TSMC and the TAIEX to records, before a US$1.3tn AI selloff in the U.S. sent Taiwan index futures down a record 6.65%.
The trigger was expectations, not fundamentals: Broadcom beat but held rather than raised its long-term AI target, and a hot US jobs report killed Fed rate-cut hopes.
Yet demand kept accelerating through the rout: Winbond, Foxconn and Aspeed posted record sales, and Apollo and Blackstone closed US$35bn to buy AI chips for Anthropic.


Taiwan Tech Weekly: COMPUTEX Drives TSMC to Records, Then a US$1.3tn AI Selloff

Director, Head of Research, Smartkarma

Pranav Rao

Director, Head of Research

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Event-Driven

<ul>
<li>Welcome to Curator’s Cut - a fortnightly roundup of standout themes from the 1,500+ insights shared on Smartkarma. We're back after a brief one-issue hiatus.</li>
<li>In this cut, we revisit memory's grip on the record-breaking KOSPI, count down to the record-setting <a href="https://www.smartkarma.com/entities/space-exploration-technologies-corp-spacex" target="_blank" data-smartkarma-citation="entities:33284:1" rel="noopener">SpaceX (SPCX US)</a> IPO, and unpack cooling iron ore prices.</li>
<li>Want to dig deeper? Comment or message with the themes you’d like to see highlighted next.</li>
</ul>


Welcome to Curator’s Cut - a fortnightly roundup of standout themes from the 1,500+ insights shared on Smartkarma. We're back after a brief one-issue hiatus.
In this cut, we revisit memory's grip on the record-breaking KOSPI, count down to the record-setting SpaceX (SPCX US) IPO, and unpack cooling iron ore prices.
Want to dig deeper? Comment or message with the themes you’d like to see highlighted next.


Curator's Cut: Memory's Hold on the KOSPI, Counting Down to SpaceX & Iron Ore's Cold Snap

Equity Derivatives and Volatility Specialist, Clifton Derivatives

John Ley

Equity Derivatives and Volatility Specialist

Clifton Derivatives

Independent derivative and volatility research firm focusing on events/catalysts, earnings, relative value and cross asset volatility strategies.

Equity Derivatives

<ul>
<li>Cross currents define this week’s setup, with Tech rallying and fading, Financials selling off and U.S. technology stocks declining sharply.</li>
<li>Heavy activity in a handful of large-cap names drove option volumes higher while underlying market conditions remained fragile.</li>
<li>Implied vols were little changed against an uneven and increasingly fragile backdrop.</li>
</ul>


Cross currents define this week’s setup, with Tech rallying and fading, Financials selling off and U.S. technology stocks declining sharply.
Heavy activity in a handful of large-cap names drove option volumes higher while underlying market conditions remained fragile.
Implied vols were little changed against an uneven and increasingly fragile backdrop.


HK Single Stock Options Weekly June 01–05: Tencent Call Trading Surges as U.S. Sell-Off Clouds Setup

United States

SanDisk Corporation designs, develops, and manufactures data storage solutions in a variety of form factors using our flash memory, proprietary controller and firmware technologies. The Company's solutions include removable cards, embedded products, universal serial bus, or USB, drives, digital media players, wafers and components.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Sandisk Corp (SNDK US)

Aequitas: Kioxia ADS Listing - Part 2 - Past Deals, Shareholder Overhang, Valuations & Memory Cycle

Kioxia Holdings (285A JP), a leading global flash memory producer, aims to undertake an ADS listing. In this note, we talk about its past deals,...

Sumeet Singh

Aequitas: Kioxia ADS Listing - Part 1 - Early Look - At the US$5-10bn+ Raising

Kioxia Holdings (285A JP), a leading global flash memory producer, aims to undertake an ADS listing. In this note, we talk about the deal...

Sumeet Singh

Taiwan Tech Weekly: COMPUTEX Drives TSMC to Records, Then a US$1.3tn AI Selloff

COMPUTEX and GTC Taipei drove TSMC & TAIEX to records, but a US$1.3tn U.S. AI selloff caused Taiwan index futures to drop 6.65%. Nevertheless,...

Vincent Fernando, CFA

Curator's Cut: Memory's Hold on the KOSPI, Counting Down to SpaceX & Iron Ore's Cold Snap

Discover standout themes from Smartkarma's insights on KOSPI, SpaceX IPO, and iron ore prices in the latest Curator's Cut. Comment to suggest...

Pranav Rao

HK Single Stock Options Weekly June 01–05: Tencent Call Trading Surges as U.S. Sell-Off Clouds Setup

Tencent Call trading surged as U.S. market weakness added pressure to an already fragile Hong Kong backdrop marked by cross currents across sectors...

John Ley

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Aequitas: Kioxia ADS Listing - Part 2 - Past Deals, Shareholder Overhang, Valuations & Memory Cycle

Kioxia Holdings (285A JP), a leading global flash memory producer, aims to undertake an ADS listing. In this note, we talk about its past deals,...

Sumeet Singh

Aequitas: Kioxia ADS Listing - Part 1 - Early Look - At the US$5-10bn+ Raising

Kioxia Holdings (285A JP), a leading global flash memory producer, aims to undertake an ADS listing. In this note, we talk about the deal...

Sumeet Singh

Taiwan Tech Weekly: COMPUTEX Drives TSMC to Records, Then a US$1.3tn AI Selloff

​COMPUTEX and GTC Taipei drove TSMC & TAIEX to records, but a US$1.3tn U.S. AI selloff caused Taiwan index futures to drop 6.65%. Nevertheless,...

Vincent Fernando, CFA

Curator's Cut: Memory's Hold on the KOSPI, Counting Down to SpaceX & Iron Ore's Cold Snap

​Discover standout themes from Smartkarma's insights on KOSPI, SpaceX IPO, and iron ore prices in the latest Curator's Cut. Comment to suggest...

Pranav Rao

HK Single Stock Options Weekly June 01–05: Tencent Call Trading Surges as U.S. Sell-Off Clouds Setup

Tencent Call trading surged as U.S. market weakness added pressure to an already fragile Hong Kong backdrop marked by cross currents across sectors...

John Ley

COMPUTEX and GTC Taipei drove TSMC & TAIEX to records, but a US$1.3tn U.S. AI selloff caused Taiwan index futures to drop 6.65%. Nevertheless,...

Discover standout themes from Smartkarma's insights on KOSPI, SpaceX IPO, and iron ore prices in the latest Curator's Cut. Comment to suggest...