Singapore consultancy Enigmatig opts for US listing where their clients resonate
The company’s CEO Desmond Foo says most of its international clients are more familiar with the US
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[SINGAPORE] Many Singapore companies that choose to list in the US do so in search of higher valuations and deeper liquidity, but consultancy firm Enigmatig’s decision to debut there was mainly driven by consideration for its clients, who are more aware of the American exchanges.
Enigmatig – which was founded 15 years ago in Singapore and is still headquartered here – began trading on the NYSE American in June, after an initial public offering (IPO) of about three million Class A ordinary shares at US$5 per share that raised some US$15 million.
The company’s primary business is helping clients incorporate companies overseas and providing related corporate services such as office setup, licensing and compliance.
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