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

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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

<p><a href="https://www.smartkarma.com/entities/exasol-ag" target="_blank" data-smartkarma-citation="entities:28964:1" rel="noopener">Exasol (EXA GR)</a> is a database technology company which enables customers to access and analyse data at high speed and scale. Exasol has launched its IPO on the Frankfurt Stock Exchange. The IPO price range has been set at €8.50-10.50 per share. The IPO will raise total proceeds of €78-97 million, out of which Exasol will receive gross proceeds of €50 million. The offering period starts on 15 May and ends on 20 May 2020. </p><div class="content-highlight"><p>Like peers, Exasol will be impacted by the corona pandemic as customers reassess or postpone investments in IT infrastructure. Exasol is mitigating the potential top-line impact through a reduction in its cost base. While the timing of the IPO is not ideal, we think that on a longer-term view, Exasol fundamentals offer more positives than negatives. In combination with an attractive valuation, we would be tempted to participate in the IPO.</p></div>

Exasol (EXA GR) is a database technology company which enables customers to access and analyse data at high speed and scale. Exasol has launched its IPO on the Frankfurt Stock Exchange. The IPO price range has been set at €8.50-10.50 per share. The IPO will raise total proceeds of €78-97 million, out of which Exasol will receive gross proceeds of €50 million. The offering period starts on 15 May and ends on 20 May 2020. Like peers, Exasol will be impacted by the corona pandemic as customers reassess or postpone investments in IT infrastructure. Exasol is mitigating the potential top-line impact through a reduction in its cost base. While the timing of the IPO is not ideal, we think that on a longer-term view, Exasol fundamentals offer more positives than negatives. In combination with an attractive valuation, we would be tempted to participate in the IPO.

Exasol IPO Initiation: Crunching the Numbers