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

Lingyi ITech H Share Listing (1688 HK): Valuation Insights

Lingyi ITech H Share Listing (1688 HK): Trading Debut

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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

Lingyi iTech Guangdong  / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/lingyi-itech-guangdong-co" target="_blank" data-smartkarma-citation="entities:19050:1" rel="noopener">Lingyi iTech Guangdong (002600 CH)</a>, a leading intelligent manufacturing platform for electronic devices, is pre-marketing an H-Share listing to raise around US$1 billion.   </li>
<li>Lingyi ranked first globally in the high-precision functional component market for smart electronics as measured by revenue in 2025.</li>
<li>The investment case is bearish due to weak core business growth, muted margin expansion, cash burn, and a premium valuation. </li>
</ul>



Lingyi iTech Guangdong (002600 CH), a leading intelligent manufacturing platform for electronic devices, is pre-marketing an H-Share listing to raise around US$1 billion.   
Lingyi ranked first globally in the high-precision functional component market for smart electronics as measured by revenue in 2025.
The investment case is bearish due to weak core business growth, muted margin expansion, cash burn, and a premium valuation. 


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Lingyi ITech H Share Listing: The Investment Case