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

ECM Weekly (13 Jul 2019) - Budweiser APAC IPO Cancelled, Douyu Listing Next Week

Budweiser Brewing Company APAC IPO (Cancelled) - Quick Trades on the Not so Subtle Butterfly Effect

ECM Weekly (20 Jul 2019) - Home Credit, SinoMab, CloudMinds, Wanda Sports, Tasly Pharma, Henlius

Budweiser Brewing Company APAC Pre-IPO - Quick Take on Likely Index Impact

Budweiser Brewing Company APAC IPO - Looks Reasonable at the Low End. It Should Go into MSCI, Early.

ECM Weekly (6 Jul 2019) - Budweiser APAC, Prime US REIT, Topsports, Douyu, JS Global, China Feihe

China Feihe (中国飞鹤) IPO: New Numbers, New Red Flag, and Demographic Risk

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

Budweiser Brewing  APAC  / Equity Capital Markets

<a href="https://www.smartkarma.com/entities/budweiser-brewing-company-apac-limited" target="_blank" data-smartkarma-citation="entities:28077:1" rel="noopener">Budweiser Brewing Company APAC (1876 HK)</a> (ABIAPAC) is looking to raise up to US$9.8bn in its Hong Kong IPO.
I've covered the background and financial performance for the Asian operations in my earlier insights. In this insight, I have corrected an error in the net debt amount from my previous insight. In addition, I've included the likely index announcement and inclusion timeline and added in my comments about possible M&amp;A candidates.
Links to my earlier insights are below:
<ul>
<li>A brief history: <a href="https://www.smartkarma.com/insights/ab-inbev-asia-pre-ipo-a-brief-history-of-the-asia-pacific-operations-eeking-out-growth-in-china" target="_blank" rel="noopener">Ab InBev Asia Pre-IPO - A Brief History of the Asia Pacific Operations - Eeking Out Growth in China</a>
</li>
<li>Comparison with peers: <a href="https://www.smartkarma.com/insights/ab-inbev-asia-pre-ipo-quick-note-more-like-cr-beer-rather-than-tsingtao" target="_blank" rel="noopener">Ab InBev Asia Pre-IPO - Quick Note - More like CR Beer Rather than Tsingtao</a>
</li>
<li>2018 and 1Q19 performance updates: <a href="https://www.smartkarma.com/insights/ab-inbev-asia-pre-ipo-on-its-way-to-potentially-being-the-biggest-hk-ipo-this-year" target="_blank" rel="noopener">Ab InBev Asia Pre-IPO - On Its Way to Potentially Being the Biggest HK IPO This Year</a>
</li>
<li>Analysis of the application proof: <a href="https://www.smartkarma.com/insights/budweiser-brewing-company-apac-pre-ipo-it-will-be-a-us-5bn-raise-owing-to-its-clean-balance-sheet" target="_blank" rel="noopener">Budweiser Brewing Company APAC Pre-IPO - It Will Be a US$5bn+ Raise Owing to Its Clean Balance Sheet</a>
</li>
<li>Country performance and updated peer comparison: <a href="https://www.smartkarma.com/insights/budweiser-brewing-company-apac-limited-pre-ipo-country-performance-and-updated-peer-comparison" target="_blank" rel="noopener">Budweiser Brewing Company APAC Limited Pre-IPO - Country Performance and Updated Peer Comparison</a>
</li>
<li>Valuation analysis: <a href="https://www.smartkarma.com/insights/budweiser-brewing-company-apac-pre-ipo-refining-valuation-for-the-diverging-growth-prospects" target="_blank" rel="noopener">Budweiser Brewing Company APAC Pre-IPO - Refining Valuation for the Diverging Growth Prospects</a>
</li>
<li>Index impact: <a href="https://www.smartkarma.com/insights/budweiser-brewing-company-apac-pre-ipo-quick-take-on-likely-index-impact" target="_blank" rel="noopener">Budweiser Brewing Company APAC Pre-IPO - Quick Take on Likely Index Impact</a>
</li>
<li>PHIP updates: <a href="https://www.smartkarma.com/insights/budweiser-brewing-company-apac-pre-ipo-phip-updates-further-indicate-the-need-for-split-valuations" target="_blank" rel="noopener">Budweiser Brewing Company APAC Pre-IPO - PHIP Updates Further Indicate the Need for Split Valuations</a>
</li>
<li>Valuations: <a href="https://www.smartkarma.com/insights/budweiser-brewing-company-apac-ipo-looks-reasonable-at-the-low-end-it-should-go-into-msci-early" target="_blank" rel="noopener">Budweiser Brewing Company APAC IPO - Looks Reasonable at the Low End. It Should Go into MSCI, Early</a>
</li>
</ul>

Budweiser Brewing Company APAC (1876 HK) (ABIAPAC) is looking to raise up to US$9.8bn in its Hong Kong IPO.
I've covered the background and financial performance for the Asian operations in my earlier insights. In this insight, I have corrected an error in the net debt amount from my previous insight. In addition, I've included the likely index announcement and inclusion timeline and added in my comments about possible M&amp;A candidates.
Links to my earlier insights are below:

A brief history: Ab InBev Asia Pre-IPO - A Brief History of the Asia Pacific Operations - Eeking Out Growth in China

Comparison with peers: Ab InBev Asia Pre-IPO - Quick Note - More like CR Beer Rather than Tsingtao

2018 and 1Q19 performance updates: Ab InBev Asia Pre-IPO - On Its Way to Potentially Being the Biggest HK IPO This Year

Analysis of the application proof: Budweiser Brewing Company APAC Pre-IPO - It Will Be a US$5bn+ Raise Owing to Its Clean Balance Sheet

Country performance and updated peer comparison: Budweiser Brewing Company APAC Limited Pre-IPO - Country Performance and Updated Peer Comparison

Valuation analysis: Budweiser Brewing Company APAC Pre-IPO - Refining Valuation for the Diverging Growth Prospects

Index impact: Budweiser Brewing Company APAC Pre-IPO - Quick Take on Likely Index Impact

PHIP updates: Budweiser Brewing Company APAC Pre-IPO - PHIP Updates Further Indicate the Need for Split Valuations

Valuations: Budweiser Brewing Company APAC IPO - Looks Reasonable at the Low End. It Should Go into MSCI, Early



バドワイザー・ブリューイングのアジア太平洋地域IPO - 評価訂正、指数組み入れタイムライン、M&amp;Aに関するクイックテイク

Budweiser Brewing APAC

バドワイザー・ブリューイングのアジア太平洋地域IPO - 評価訂正、指数組み入れタイムライン、M&amp;Aに関するクイックテイク

バドワイザー・ブリューイングのアジア太平洋地域IPO - 評価訂正、指数組み入れタイムライン、M&Aに関するクイックテイク