Third500 in talks with 35-40 US firms on pre-IPO financing leading to a listing
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Singapore
BOUTIQUE global investment bank Third500 is in "active dialogue" with some 35 to 40 venture-backed emerging US firms to provide them access to pre-IPO (Initial Public Offering) financing via convertibles, leading up to a listing on the Singapore Exchange (SGX).
Currently, a "handful" of the firms are already embarking on this financing pathway, said Fritz Reichenbach, CEO of Third500, at a media briefing on Thursday, while declining to specify further details. But these efforts take time and are unlikely to produce an IPO on the SGX as soon as this year, he added.
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