Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of IPO & Placements for Aequitas Research. At Aequitas we cover all IPOs and placements across Asia-Pac with a deal size of at least US$100m. 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%. 
Prior to Aequitas. I was heading Content Strategy for Smartkarma, along with covering IPOs & Placement. In an earlier life I have covered ASEAN property and the banking space in India.

Head of Research, IPOs & Placements

Heathley Healthcare REIT IPO - Not Really 100% Healthcare

Viva Energy REIT - Time to Fill up the Tank

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Equity Capital Markets

Dexus Convenience Retail REIT / Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/24247" target="_blank" data-smartkarma-citation="entities:24247:1">Convenience Retail REIT (CRR AU)</a> plans to raise up to US$125m in its IPO. The company will own service stations spread across the eastern states of Australia.</p><p>While the headline yield of 6.8% FY19 looks appealing, however, it is only 40 bps higher than that offered by Viva Energy, even though Viva Energy is nearly 7x larger in terms of asset base and appears to be operationally better positioned. Moreover, the company remains a small player and given its size we fail to see why it deserves to list at a premium to book. </p>

Convenience Retail REIT (CRR AU) plans to raise up to US$125m in its IPO. The company will own service stations spread across the eastern states of Australia.While the headline yield of 6.8% FY19 looks appealing, however, it is only 40 bps higher than that offered by Viva Energy, even though Viva Energy is nearly 7x larger in terms of asset base and appears to be operationally better positioned. Moreover, the company remains a small player and given its size we fail to see why it deserves to list at a premium to book. 

Convenience Retail REIT IPO - Yield Premium Not Enough to Make up for the Size Deficit