IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

Arun has over 15 years’ experience covering the Technology sector. During this time, he has worked with technology start-ups and as an equity analyst in investment banks and independent research firms. He was formerly a Technology Analyst for Canaccord Genuity, Altium Securities, Espirito Santo Investment Bank, Noble Group and Clear Capital. He has a dual Master’s degree in Financial Engineering and Industrial and Operations Engineering from the University of Michigan. He obtained his Bachelor’s degree in Mechanical Engineering from the Indian Institute of Technology, Bombay. He is also a CFA charterholder.

IPOs and Catalysts/Events

Cloud Village (NetEase Music) IPO: Valuation Insights

Cloud Village (NetEase Music) IPO: Trading Debut

Cloud Village (NetEase Music) IPO Initiation: Musical Shares

Cloud Village (NetEase Music) IPO: Play List

Cloud Village (NetEase Music) IPO: Valuation First-Look

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Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Equity Capital Markets

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<li>
<a href="https://www.smartkarma.com/entities/cloud-village-inc" target="_blank" data-smartkarma-citation="entities:33412:1" rel="noopener">Cloud Village (CLV HK)</a> is the second-largest online music platform after <a href="https://www.smartkarma.com/entities/tencent-music-entertainment" target="_blank" data-smartkarma-citation="entities:27255:1" rel="noopener">Tencent Music (TME US)</a> as measured by revenue in China. Cloud Village is seeking to raise $500 million. </li>
<li>In <a href="https://www.smartkarma.com/insights/cloud-village-netease-music-ipo-initiation-musical-shares" target="_blank" data-smartkarma-citation="insights:52266" rel="noopener">Cloud Village (NetEase Music) IPO Initiation: Musical Shares</a> and <a href="https://www.smartkarma.com/insights/cloud-village-netease-music-ipo-play-list" target="_blank" data-smartkarma-citation="insights:55506" rel="noopener">Cloud Village (NetEase Music) IPO: Play List</a> we stated that it is combining high growth with an improving cost structure. </li>
<li>The 9M21 update is underwhelming with slowing growth and a marginal decline in losses. The update is unlikely to win over investors wary of Chinese IPOs due to weak debuts.   </li>
</ul>



Cloud Village (CLV HK) is the second-largest online music platform after Tencent Music (TME US) as measured by revenue in China. Cloud Village is seeking to raise $500 million. 
In Cloud Village (NetEase Music) IPO Initiation: Musical Shares and Cloud Village (NetEase Music) IPO: Play List we stated that it is combining high growth with an improving cost structure. 
The 9M21 update is underwhelming with slowing growth and a marginal decline in losses. The update is unlikely to win over investors wary of Chinese IPOs due to weak debuts.   


Cloud Village (NetEase Music) IPO: Not yet a Sound Investment