Singapore Exchange Limited (SGX: S68), or SGX, has struggled to attract companies to list on its platform.
The bourse operator only managed to attract six listings this year, and five of these took place in the first quarter of 2020 before the pandemic hit.
SGX’s luck may be about to change, though.
Nanofilm Technologies, a nanotechnology-driven company that deals with advanced materials, has registered its final prospectus for a listing on the local bourse.
The business has three key divisions, namely advanced materials, nanofabrication and industrial equipment.
The company plans to raise around S$190.9 million by selling 77.2 million shares at an IPO price of S$2.59 per share.
Another 104.3 million shares are also being sold by the founder, Shi Xu, the CEO Lee Liang Huang and a company executive Wei Hao.
These executives will receive S$157.7 million, S$25.9 million and S$16.3 million, respectively.
This IPO has also injected a breath of fresh air into the bourse and has re-ignited talk of...