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

Last Week in GER Research: WeWork, Venus Medtech, Fineos, Takara Leben, TPV Tech, and Douya/Huya

LaSalle Logiport REIT Offering: Go for It

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.

Equity Capital Markets

Takara Leben Real Estate Investment Corp / Equity Capital Markets

Takara Leben Real Estate Investment Corp (3492 JP)

<p>Takara Leben REIT (TLR) unveiled plans to raise up to JPY14.7 billion ($140 million) through a public offering of 117,000 units. TLR, which is listed in July 2018, is a diversified J-REIT with a portfolio of office, residential, hotel, retail and other properties.</p><div class="content-highlight"><p>The proceeds from the placement will be used to will partly fund the JPY22.3 billion ($211 million) acquisitions of six properties. Overall, we believe that TLR has paid a full price and would be tempted to participate in the placement at around 10% discount to the last close price.</p></div>

Takara Leben REIT (TLR) unveiled plans to raise up to JPY14.7 billion ($140 million) through a public offering of 117,000 units. TLR, which is listed in July 2018, is a diversified J-REIT with a portfolio of office, residential, hotel, retail and other properties.The proceeds from the placement will be used to will partly fund the JPY22.3 billion ($211 million) acquisitions of six properties. Overall, we believe that TLR has paid a full price and would be tempted to participate in the placement at around 10% discount to the last close price.

Takara Leben REIT Placement: Fully Priced Acquisitions