Navigating IPOs & Placements

Aequitas Research is a leading ECM research firm with a focus on IPOs and placements across the Asia Pacific with deal size of over US$100m. We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic analysis.

Our IPO coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and pre-listing trading analysis. Our Placements coverage includes upcoming IPO/placement lockup expiries, along with quantative driven live placements coverage. We also provide more bespoke solutions, including analyst access, for a limited number of institutions.

Our Past Performance

Since 2015, we have covered 1,000+ IPOs and 1,500+ placements with an accuracy rate of 73% and 69%, respectively. 

No. of IPOs and Placements Covered

Accuracy Rates (%)

Our Coverage

At Aequitas Research, we cover a broad range of markets in the APAC region and we have recently launched coverage for US IPOs.

  • HK ECM market was the genesis of IPOs and Placement coverage in 2015

  • We added Indian markets to our coverage universe in 2016

  • We have covered most IPOs and Placements including renounceable entitlement offers since 2015

  • We have covered all emerging and developed markets in the region since 2015

  • We have covered China ADRs and select listings since 2015 and have been scaling up our offering in 2026

  • Along with IPOs and placements we have also done extensive work on cross-shareholdings unwinds in the past

  • We add South Korea to our coverage portfolio in 2021

  • We also provide coverage on other Asia linked cross-border listings like Taiwan GDRs