Japan/Asia Long-Short, LightStream Research

Mio Kato

Japan/Asia Long-Short

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.

Equity Capital Markets

Visional, parent company of Japan’s high class job seeker database Bizreach is scheduled to IPO on the 22nd of April on the Mothers market. We examine the company’s business model and financials below.

Visional, parent company of Japan’s high class job seeker database Bizreach is scheduled to IPO on the 22nd of April on the Mothers market. We examine the company’s business model and financials below.

Visional IPO – VCs Bizreaching for the Exit but We Like This Anyway

APAC IPOs & Placements

Zhen Zhou, Toh

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.

<a href="https://www.smartkarma.com/entities/visional-inc" target="_blank" data-smartkarma-citation="entities:32977:1" rel="noopener">Visional Inc (4194 JP)</a>  is looking to raise up to US$609m in its Japan IPO.Visional Inc. is a human resources (HR) technology company based in Japan. The company operates BizReach, an online recruiting platform that helps to connect professional job seekers to direct employers and third-party recruiters. It also offers HRMOS, which is a cloud-based human capital management (HCM) platform.We like the company’s business but the high proportion of shareholders selling in the IPO coupled with large employee stock acquisition rights to be exercisable after a year will be an overhang on share price.In this note, we will look at Visional’s financials and operating data.

Visional Inc (4194 JP)  is looking to raise up to US$609m in its Japan IPO.Visional Inc. is a human resources (HR) technology company based in Japan. The company operates BizReach, an online recruiting platform that helps to connect professional job seekers to direct employers and third-party recruiters. It also offers HRMOS, which is a cloud-based human capital management (HCM) platform.We like the company’s business but the high proportion of shareholders selling in the IPO coupled with large employee stock acquisition rights to be exercisable after a year will be an overhang on share price.In this note, we will look at Visional’s financials and operating data.

Visional Inc IPO - Good Vision Muddled by Dilution and Selling Shareholders

Japan

Visional, Inc. develops application products. The Company develops a system that promotes industrial digital transformation and other services. Visional provides its services throughout Japan.

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Visional (4194 JP)

Visional IPO – VCs Bizreaching for the Exit but We Like This Anyway

Visional offers investors to the opportunity to gain exposure to a domestically-focused mini-Recruit but with potentially higher margins for its...

Mio Kato

Visional Inc IPO - Good Vision Muddled by Dilution and Selling Shareholders

Visional Inc. is a human resources (HR) technology company based in Japan. The company operates BizReach, an online recruiting platform .

Zhen Zhou, Toh

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52-week Range

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