Aztech's IPO shows appetite for growth even as rotation into value strengthens
THE recent IPO of Aztech Global might trigger some nostalgia among long-time participants of Singapore's capital markets.
A manufacturer of smart devices such as security cameras, climate control mattresses and GPS dog collars, Aztech Global is an upgrade of a company that was first listed here in 1994 and whose fortunes reflect shifting trends and investor sentiments.
In 2006, what was then known as Aztech Systems had applied to move its listing from Singapore's secondary board to the mainboard. That year, Aztech's profit nearly doubled as the group cashed in on demand for routers and Skype-enabled digital cordless phones.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama