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
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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.
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