NauticAWT launches IPO for Catalist listing

Singapore

OIL & gas engineering solutions provider NauticAWT on Tuesday launched its initial public offering (IPO) for a Catalist listing to raise funds to expand its operations, and to boost its regional standing to pursue new global projects.

The Singapore-based company has earmarked part of the expected net IPO proceeds of S$2.8 million for capital expenditure to further strengthen its contracting services. It will also use the proceeds for expansion of the group's business scope through investments, acquisitions and joint ventures and for working capital, the company said at a media briefing on Tuesday.