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

Tyro Payments (Tyro) plans to raise around US$200-300m in its Australia listing. The company is backed by some strong investors including Tiger Global and Mike Cannon-Brookes, who is the co-founder of <a href="https://www.smartkarma.com/entities/atlassian-corp-plc" target="_blank" data-smartkarma-citation="entities:21026:1" rel="noopener">Atlassian Corp (TEAM US)</a>.Tyro is Australia’s fifth largest EFTPOS provider serving small-to-medium enterprises (SMEs) with payment solutions. In FY19 (year-end Jun 2019), Tyro processed A$17.5bn worth of transactions for 29,031 merchants. The company mainly earns its revenue by charging the merchants who use its EFTPOS terminals.Tyro has an uninterrupted track record of strong growth since inception. It also seems to be gaining ground on the big four even though it still has some way to go. Its recent banking foray appears promising and could be a growth driver over the mid to long-term.

Tyro Payments (Tyro) plans to raise around US$200-300m in its Australia listing. The company is backed by some strong investors including Tiger Global and Mike Cannon-Brookes, who is the co-founder of Atlassian Corp (TEAM US).Tyro is Australia’s fifth largest EFTPOS provider serving small-to-medium enterprises (SMEs) with payment solutions. In FY19 (year-end Jun 2019), Tyro processed A$17.5bn worth of transactions for 29,031 merchants. The company mainly earns its revenue by charging the merchants who use its EFTPOS terminals.Tyro has an uninterrupted track record of strong growth since inception. It also seems to be gaining ground on the big four even though it still has some way to go. Its recent banking foray appears promising and could be a growth driver over the mid to long-term.

Tyro Payments IPO - A Lot to like Apart from Its Earnings Profile and Churn Rate

Australia

Tyro Payments provides transaction processes. The Company offers payment solutions such as bank account, loans, and security activities. Tyro Payments serves customers in Australia.

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Tyro Payments (TYR AU)

Tyro Payments IPO - A Lot to like Apart from Its Earnings Profile and Churn Rate

Tyro Payments (Tyro) plans to raise around US$200-300m in its Australia listing. The company is backed by some strong investors including Tiger...

Sumeet Singh

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)