IPO first-timers vs ex-listcos eyeing second bite of cherry: Let’s prioritise the former
There is no shortage of companies looking to IPO, evidenced by how five Singapore-based companies have already listed in the US in the first half of 2024
Add BT as a preferred source
JUST earlier this month, Temasek-backed investment firm 65 Equity Partners said it had invested S$100 million into precision manufacturer Hi-P International as a prelude for an eventual listing, most likely on the Singapore Exchange (SGX).
This is good news given the dearth of meaningful initial public offering (IPO) candidates locally. Hi-P is well-known in the technology sector and one of the largest players in Singapore.
The money will come from the Local Enterprise Fund, 65 Equity Partners’ joint S$1-billion-fund with the Singapore government to develop local companies into regional players.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
PayPal plans job cuts as its new CEO pursues turnaround strategy
MAS, bank CEOs convene over AI cyberthreats; boards told to own risks, not leave to IT teams
