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/sharingtechnology-inc" target="_blank" data-smartkarma-citation="entities:26948:1" rel="noopener">Sharingtechnology Inc (3989 JP)</a> announced a tender offer from MBK Partners at JPY1,550, a 5.8% premium to the last close and a 55.8% premium to the undisturbed price (26 June).  </li>
<li>The offer, which resulted from an auction, is attractive compared to historical trading ranges and is above the high end of the IFA DCF valuation range.</li>
<li>While the offer is light relative to peer multiples, the required minority acceptance rate to meet the lower limit is achievable, particularly given AVI's support.</li>
</ul>



Sharingtechnology Inc (3989 JP) announced a tender offer from MBK Partners at JPY1,550, a 5.8% premium to the last close and a 55.8% premium to the undisturbed price (26 June).  
The offer, which resulted from an auction, is attractive compared to historical trading ranges and is above the high end of the IFA DCF valuation range.
While the offer is light relative to peer multiples, the required minority acceptance rate to meet the lower limit is achievable, particularly given AVI's support.


Sharingtechnology (3989 JP): MBK’s Tender Offer at JPY1,550