initial public offering (IPO)

SGX tie-up enables US tech firms to access Singapore capital
SINGAPORE (May 16): While Singapore has seen one or two sizeable listings this year amid a spate of privatisation offers, Singapore Exchange has been working hard to attract potential IPO applicants from the US. In particular, SGX’s efforts have been carried out via a partnership with Third500, a Singapore-based affiliate of US investment bank Healthios Capital Markets. Third500 was ...
ARA US Hospitality Trust public tranche 1.1 times subscribed; starts trading at 2pm
SINGAPORE (May 9): ARA US Hospitality Trust has completed its initial public offering (IPO) of about 379.8 million offer shares at 88 US cents per share. See: ARA US Hospitality Trust selling shares at US$0.88 each to raise US$498 mil in IPO Based on the approximately 51.1 million stapled securities available to the public for subscription, the public offer was approximately 1.1 times ...
Checking into ARA’s new asset class — a select-service portfolio
SINGAPORE (May 6): ARA US Hospitality Trust is offering 377.8 million stapled securities at 88 US cents apiece in an IPO. Of this, 328.6 million stapled securities are reserved for placement. The public offering comprises 51.13 million stapled securities. The stapled securities comprise ARA US Hospitality Property Trust (ARA H-REIT), a real estate investment trust, and ARA US Hospitality ...
Uber faces proposed 'IPO tax' in a San Francisco divided by inequity
SINGAPORE (Apr 29): Uber Technologies’ IPO, expected next month, will mean a massive payoff for many employees. In the company’s hometown of San Francisco, it will also deepen fears that a wave of technology IPOs threatens to displace other residents who are being left behind. One city lawmaker plans to propose that tech companies share the wealth. San Francisco supervisor Gordon Mar is ...
Hong Kong loses 3 tech IPOs to Shanghai
(Apr 12): China’s efforts to keep its next tech superstars at home are showing some early signs of success. Since March, Qingdao Haier Biomedical Co., Sun Car Insurance Agency Co. and Certusnet Information and Technology Co. have scrapped plans to list in Hong Kong and are expected to debut on Shanghai’s new board instead. While the Chinese city is yet to attract any of the country’s ...
Catalist debutant Fortress Minerals to ride on China's rising demand for steel mills, says UOB
SINGAPORE (Mar 25): UOB KayHian says upcoming market entrant Fortress Minerals (FMIL SP) is well positioned to ride on increasing demand from Chinese steel mills. Fortress Minerals is a 37%-owned associate of Malaysia-listed Selangor Dredging Bhd, an investment firm with property development businesses in Malaysia and Singapore. The company produces high-grade iron ore concentrate mined ...
Far East acquires local air-con services firm for $7 mil; to spin it off in Catalist listing
SINGAPORE (Mar 5): Far East Group announced that it has acquired the entire issued and paid-up ordinary shares in M-Tech Air-Con & Security Engineering. The vendors are Quek Poh Chuan and Lee Sui Fook and the consideration for the acquisition is $7 million including 2.98 million new M-Tech shares. M-Tech's core business is to provide Air Conditioning and Mechanical Ventilation (ACMV) ...
What is the future of the Singapore stock market?
Amid the slow pace of IPOs, the lure of private-equity funding, and a string of corporate scandals, it might seem like the local stock market has seen better days. Our distinguished roundtable panellists do not entirely share that perspective, but they do see some big challenges ahead. SINGAPORE (Nov 26): The health and vibrancy of the local stock market has always been close to the hearts of ...
Will 2019 be a blockbuster year for tech IPOs?
SINGAPORE (Jan 14): Not since late 1999 and the first few months of 2000, at the height of tech and dotcom bubble, has there been such a long line-up of tech firms seeking a listing on the stock market. Unlike the heady days at the turn of the century, when even Pets.com made it to the tech-heavy Nasdaq, this year’s list is formidable. If all the tech unicorns, or venture capital (VC)-funded ...
Singapore IPO funds raised in 2018 falls to second lowest since financial crisis
SINGAPORE (Dec 20): Funds raised through initial public offerings (IPOs) in Singapore have fallen to the second-lowest level in a decade since the global financial crisis in 2008, according to a report by PwC. According to PwC’s Equity Capital Markets Watch – Singapore: 2018 year in review report, the Republic has seen a total of 15 IPOs so far this year, raising approximately $0.73 ...