Shares & Derivatives
Nanofilm Technologies International Limited oversubscribed, opens at S$2.77
By Dr Wealth  •  October 30, 2020
Singapore Exchange (SGX) welcomed the listing of Nanofilm Technologies International Limited (SGX:MZH) (Nanofilm) on its Mainboard on 30 October 2020 with a market capitalisation of about S$1.7 billion. Nanofilm IPO is SGX first tech unicorn IPO and was 23.3 times oversubscribed with an IPO price of S$2.59. “The robust subscription for Nanofilm Technologies IPO demonstrates the market’s confidence in its business and prospects, as well as investors’ appetite for such deep tech companies,” said Chew Sutat, Head of Global Sales and Orientation, SGX. Nanofilm opened at S$2.77 today (up 7% from IPO price of $2.59) and closed at $2.92 (up by 12.7% from IPO price). Founded in 1999 as a high-tech spin off from the Nanyang Technological University, Nanofilm is a leading provider of nanotechnology solutions in Asia with key business units comprising: (1) Advanced Materials, (ii) Nanofabrication, and (iii) Industrial Equipment. The company’s technology-based solutions are utilised in a wide range of industries such as computer, communications and consumer electronics (3C), automotive, precision engineering, and printing and imaging....
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