SINGAPORE - Third500, the Singapore-based affiliate of US investment bank, Healthios Capital Markets LLC, on Monday (Aug 27) said it is partnering the Singapore bourse to build a pre-IPO (initial public offering) and IPO market for venture-backed emerging growth companies. In particular, Third500 focuses on companies that have each attracted on average US$60 million (S$81.9 million) in private investments,
THE Singapore-based affiliate of American investment bank Healthios Capital Markets LLC is partnering the local bourse to build a pre-IPO (initial public offering) and an IPO market for emerging growth companies. The move will help create a pipeline of companies that could eventually be listed on the Singapore Exchange (SGX).
Emerging Growth companies need an IPO option. US IPOs under US$500MM market cap are less attractive than they have been. To address this capital market gap, Third500 is building an Emerging Growth IPO market based on SGX which constructs the necessary institutional investor participation, research, and liquidity for a successful offering for investors and issuers.