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Companies develop, grow and seek for a perpetual existence even after the founders retire. To accelerate a business’s growth strategies and sustain its continuity in the challenging environment, the route of public listing is considered one of the favourable options.
The Singapore Exchange offers Mainboard and Catalist listing to eligible domestic and foreign companies.
Admission to Mainboard listing requires the fulfillment of one of these three criteria:
and a public float of 25% with a minimum of 500 shareholders. Companies must also confirm that they have sufficient working capital for the present requirements and for at least 12 months after listing.
Catalist is the sponsor-supervised market of SGX, of which the admission and continuing listing of companies are overseen by the approved Sponsors. As compared to Mainboard, admission criteria for Catalist companies are less stringent as evidenced by the absence of profit track record or minimum market capitalisation. Public shareholding requirement is set at minimum 15% with a minimum of 200 shareholders.
Nexia TS has established a strong track record in IPO work since its commencement in the early 2000s. In 2009, we assisted in 5 successful IPO launches out of a total of 25 IPOs in that year. We were the Reporting Accountant for the first listing on Catalist, Mencast Holdings Ltd, in 2008. Since then, our firm has been serving more than 70 public listed clients in various industries from oil & gas, marine, construction, engineering, electronics, telecommunications to food & beverage and waste management.
The process of raising capital from the public capital markets and the preparation for listing require the expertise of qualified professionals. In this regard, we are pleased to offer our professional services in the following areas: