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

Uncompromised, Independent, Conflict-Free Research

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.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/giga-prize-co-ltd" target="_blank" data-smartkarma-citation="entities:6115:1" rel="noopener">Giga Prize (3830 JP)</a> has recommended <a href="https://www.smartkarma.com/entities/freebit-co-ltd" target="_blank" data-smartkarma-citation="entities:4966:1" rel="noopener">Freebit Co Ltd (3843 JP)</a>’s tender offer at JPY2,500, a 48.5% premium to the last close.</li>
<li>While the offer is below the midpoint of the target IFA’s DCF valuation range, it represents an all-time high and aligns with the Board's requested price. </li>
<li>The required minority acceptance rate is modest, and tendering by the third-largest shareholder is enough to close the deal. </li>
</ul>



Giga Prize (3830 JP) has recommended Freebit Co Ltd (3843 JP)’s tender offer at JPY2,500, a 48.5% premium to the last close.
While the offer is below the midpoint of the target IFA’s DCF valuation range, it represents an all-time high and aligns with the Board's requested price. 
The required minority acceptance rate is modest, and tendering by the third-largest shareholder is enough to close the deal. 


Giga Prize (3830 JP): FreeBit (3843 JP)’s Tender Offer Is a Done Deal