Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of IPO & Placements for Aequitas Research. At Aequitas we cover all IPOs and placements across Asia-Pac with a deal size of at least US$100m. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%. 
Prior to Aequitas. I was heading Content Strategy for Smartkarma, along with covering IPOs & Placement. In an earlier life I have covered ASEAN property and the banking space in India.

Head of Research, IPOs & Placements

ZhongAn Online P&C Insurance – Tapped By The Ugly Stick

Waterdrop IPO - Valuation Has Nearly Tripled over the past Year

Waterdrop Pre-IPO - The Negatives - Scandals, Shutdowns, Competing with Giants, Regulation

Waterdrop Pre-IPO - The Positives - Fast Growth, Strong Backers

Gravity Works As WeWork Doesn't; Now Plan B

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

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<p><a href="https://www.smartkarma.com/entities/waterdrop-inc" target="_blank" data-smartkarma-citation="entities:33018:1" rel="noopener">Waterdrop Inc (WDH US)</a>, a technology platform for insurance and healthcare services in China, raised around US$360m in its US IPO. <a href="https://www.smartkarma.com/entities/tencent-holdings-ltd" target="_blank" data-smartkarma-citation="entities:26:1" rel="noopener">Tencent Holdings (700 HK)</a> owned 22.1% and <a href="https://www.smartkarma.com/entities/swiss-re-ag-1f83dcbc-730e-46fa-82f2-bfe7e8e361a1" target="_blank" data-smartkarma-citation="entities:27914:1" rel="noopener">Swiss Re AG (SREN SW)</a> owned 5.7% of the company prior to its listing.</p>
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<p>We have covered various aspects of the deal in our previous notes, <a href="https://www.smartkarma.com/insights/waterdrop-pre-ipo-the-positives-fast-growth-strong-backers" target="_blank" rel="noopener">Waterdrop Pre-IPO - The Positives - Fast Growth, Strong Backers</a>, <a href="https://www.smartkarma.com/insights/waterdrop-pre-ipo-the-negatives-scandals-shutdowns-competing-with-giants-regulation" target="_blank" rel="noopener">Waterdrop Pre-IPO - The Negatives - Scandals, Shutdowns, Competing with Giants, Regulation</a> and <a href="https://www.smartkarma.com/insights/waterdrop-ipo-valuation-has-nearly-tripled-over-the-past-year" target="_blank" rel="noopener">Waterdrop IPO - Valuation Has Nearly Tripled over the past Year</a>.</p>
<p>In this note, we look at deal dynamics and provide an update on valuation.  </p>
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Waterdrop Inc (WDH US), a technology platform for insurance and healthcare services in China, raised around US$360m in its US IPO. Tencent Holdings (700 HK) owned 22.1% and Swiss Re AG (SREN SW) owned 5.7% of the company prior to its listing.


We have covered various aspects of the deal in our previous notes, Waterdrop Pre-IPO - The Positives - Fast Growth, Strong Backers, Waterdrop Pre-IPO - The Negatives - Scandals, Shutdowns, Competing with Giants, Regulation and Waterdrop IPO - Valuation Has Nearly Tripled over the past Year.
In this note, we look at deal dynamics and provide an update on valuation.  


OneConnect Financial Technology (OCFT US)

Waterdrop IPO Trading - Ant's Mutual Aid Admissions Showcase the Regulatory Overhang