SGX and Third500 have developed a market development plan to support their Pre-IPO and IPO strategy. This plan features three principle initiatives dedicated to: (i) issuer origination; (ii) investor development; and, (iii) investment research.
During the past twelve months, Third500’s first four clients raised nearly US$200 million in growth capital, one of which has successfully completed an IPO on Nasdaq. Using these initial successes as “proofs of concept”, Third500 and SGX will explore a Singapore Financing Pathway with 5,700 Emerging Growth private companies in the technology, telecoms, media, energy, medtech, healthcare IT, and consumer discretionary industries. In aggregate, these companies have attracted US$350 billion in historical investment, ranging from US$20 million to US$200 million per company (US$60 million on average), and have additional funding requirements estimated at US$350 billion. Venture- backed companies, such as these, currently comprise over 60% of the total market capitalization of companies listed on Nasdaq.