Barramundi Asia mulls IPO amid scale-up plans
Singapore-based company hungry for capital as it strives to realise its vision of becoming the leading player in barramundi farming.
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Claudia Chong
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BARRAMUNDI Asia started off in 2008 with the aim of making a splash in the fish-farming industry, even as the infrastructure and support available in Singapore were still in their nascent stages of development at the time.
Today, it operates one of the largest barramundi farms in Singapore and Australia and has set its sights on growing further. The Singapore-based company is mulling over an initial public offering (IPO) as it looks to scale production to 50,000 tonnes by 2030.
Barramundi Asia, which last week announced it is acquiring fish genetics startup Allegro Aqua for an undisclosed amount, said that discussions are still "exploratory" but that the Singapore Exchange (SGX) and a Nordic exchange are potential listing avenues.
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