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, the market didn't appear to be in a mood to for a customary slowdown at the start of the year.</li>
<li>On the placements front, issuers and shareholders have started the new year with a bang, with deals launched across regions.</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, the market didn't appear to be in a mood to for a customary slowdown at the start of the year.
On the placements front, issuers and shareholders have started the new year with a bang, with deals launched across regions.


Aequitas: ECM Weekly (12 January 2026) - Biren, MiniMax, Gigadevice, Omnivision, Busy Ming, HPSP, GF

Equity Analyst, LightStream Research

Shifara Samsudeen, FCMA, CGMA

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Private Capital Markets

<ul>
<li>Founded in 2011, <a href="https://www.smartkarma.com/entities/hangzhou-qunhe-information-technology-co-ltd-kujiale" target="_blank" data-smartkarma-citation="entities:36877:1" rel="noopener">Kujiale (1716974D CH)</a>  is a Chinese technology company that provides a 3D design and visualization platform for home decoration and furniture.</li>
<li>The company's AR/VR tech platform allows users to generate design sketches to decorate and furnish their homes, as well as providing information and networking services on home design.</li>
<li>The company’s parent Manycore is the largest residential interior DDC cloud-based software provider (Kujiale is the flagship product offered by Manycore) with a market share of 56.5% in 2020.</li>
</ul>


Founded in 2011, Kujiale (1716974D CH)  is a Chinese technology company that provides a 3D design and visualization platform for home decoration and furniture.
The company's AR/VR tech platform allows users to generate design sketches to decorate and furnish their homes, as well as providing information and networking services on home design.
The company’s parent Manycore is the largest residential interior DDC cloud-based software provider (Kujiale is the flagship product offered by Manycore) with a market share of 56.5% in 2020.


Kujiale: 3D Design Platform for Home Décor

<ul>
<li>Founded in 2021 and headquartered in Seoul, <a href="https://www.smartkarma.com/entities/va-corporation" target="_blank" data-smartkarma-citation="entities:36876:1" rel="noopener">VA Corporation (VA KS)</a> has developed a virtual media platform for the metaverse industry.</li>
<li>Through the use of VR, the company’s metaverse platform provides services from planning and production to branding and distribution of content.</li>
<li>The company achieved the unicorn status within 13-months of its founding due to its proven track record, making it an attractive investment in the metaverse space.</li>
</ul>


Founded in 2021 and headquartered in Seoul, VA Corporation (VA KS) has developed a virtual media platform for the metaverse industry.
Through the use of VR, the company’s metaverse platform provides services from planning and production to branding and distribution of content.
The company achieved the unicorn status within 13-months of its founding due to its proven track record, making it an attractive investment in the metaverse space.


VA Corporation: One-Stop Metaverse Platform

Shanghai Longcheer Technology / Private Capital Markets

Shanghai Longcheer Technology (603341 CH)

<ul>
<li>Shanghai Longcheer Technology is a Chinese company that specializes in providing smart products and services including smart phone ODMs, tablets, VR/AR headbands, smart wearables and smart home products.</li>
<li>Founded in 2022, the company is one of top three global integrated service providers of smartphone ODMs.</li>
<li>Longcheer’s previous attempt to go public in 2018 was rejected, however, it has revived its IPO plans and in 2023, expressed its interest in seeking a public listing.  </li>
</ul>


Shanghai Longcheer Technology is a Chinese company that specializes in providing smart products and services including smart phone ODMs, tablets, VR/AR headbands, smart wearables and smart home products.
Founded in 2022, the company is one of top three global integrated service providers of smartphone ODMs.
Longcheer’s previous attempt to go public in 2018 was rejected, however, it has revived its IPO plans and in 2023, expressed its interest in seeking a public listing.  


Shanghai Longcheer: Leading ODM Vendor Leveraging Its Expertise for AR/VR

China

Shanghai Longcheer Technology Co., Ltd provides complete mobile terminal solutions for smart devices. The Company mainly designs, develops and produces smartphones, tablets, artificial intelligence internet of things products, and others. Shanghai Longcheer Technology markets its products across worldwide.

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Shanghai Longcheer Technology (603341 CH)

Aequitas: ECM Weekly (12 January 2026) - Biren, MiniMax, Gigadevice, Omnivision, Busy Ming, HPSP, GF

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

Kujiale: 3D Design Platform for Home Décor

Kujiale provides a 3D design and visualization platform for home decoration and furniture. Its parent Manycore is the largest residential interior...

Shifara Samsudeen, FCMA, CGMA

VA Corporation: One-Stop Metaverse Platform

VA Corporation offers a virtual media platform that offers production and content distribution for metaverse industry. Within 13-months of...

Shifara Samsudeen, FCMA, CGMA

Shanghai Longcheer: Leading ODM Vendor Leveraging Its Expertise for AR/VR

Longcheer is one of top three global smartphone ODMs who has ventured into AR/VR segment. Unlike other AR/VR start-ups, the company has an...

Shifara Samsudeen, FCMA, CGMA

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