Shares & Derivatives
Nanofilm to Raise S$510 Million in Local IPO: What We Know So Far
By Seedly  •  October 19, 2020
Quick question. What comes to mind when I mention the words successful Singapore based company? Source: Pirates of the Caribbean | Tenor Chances are you might be thinking about companies like SEA Ltd. (NYSE: SE)Razer Inc (HKG: 1337), DBS (SGX: MU7) or CapitaLand Limited (SGX: C31). Well, it turns out there are still some hidden gems like Nanofilm Technologies International Pte Ltd, which launched its initial public offering (IPO) on Friday (16 Oct 2020) when they filed its preliminary prospectus, According to Reuters, the company’s IPO could raise up to S$510 million, making it one of the biggest non-Real Estate Investment Trusts (REITs) mainboard listings on in years. The company would also become the first Singaporean tech unicorn (startups valued at more than US$1 billion) to list in Singapore. Here is what we know about the IPO so far. We will update the article when more information is released....
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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