Cityneon in aggressive growth path following fresh S$235m funding from private investors

Firm, which delisted from SGX in 2019, is looking at relisting; chairman-CEO Ron Tan says he is 'market-neutral' on listing destination as long as it is a major stock exchange

Published Wed, Apr 21, 2021 · 05:50 AM

cityneon

Singapore

CITYNEON has obtained a S$235 million shot in the arm in its recently closed private fundraising round from existing investors such as Temasek's Pavilion Capital and EDBI, as well as new investors such as Seatown Holdings (also owned by Temasek), Qatar's Doha Venture Capital, and other financial institutions and family offices in Singapore and China.

The funds raised will tip the value of the global experience entertainment company, which delisted from the Singapore Exchange (SGX) in February 2019 at a market capitalisation of S$300 million or so, to more than S$1 billion.