Listing on the Singapore Stock Exchange
Healy Consultants can assist Clients with their initial public offerings (IPOs) and other listing-related issues in Singapore. Some of the key points to note with regards to listing in Singapore include:
Procedure
- A company first appoints a Singapore-based financial institution to be sponsor and lead manager ;
- The lead manager manages the launch, submitting the listing application on behalf of the company, and liaises with the SGX;
- The company must also appoint a lawyer to oversee the legal aspects of listing;
- The company must appoint a certified public accountant to provide it with an initial evaluation of its readiness to go public, assist in upgrading its management capabilities and in preparing the launch;
- The company should engage a good public relations firm to enhance the image of the company to investors both prior to and during the launch.
Healy Consultants can assist with all of the above tasks.
Timeframe
Average timeframe for listing is six months.
Listing Requirements
A company, foreign or local incorporated, seeking a primary or secondary listing on the Singapore Securities Exchange, may list via three main criteria.
Alternative 1
- The company has cumulative pre-tax profit of at least S$7.5 million over the last three consecutive years, with a pre-tax profit of at least S$1 million in each of those three years;
- 25% of issued shares must be in the hands of at least 1,000 shareholders;
- Company must have been in operation for three years;
- Singapore, US or International accounting standards;
- Waiver from continued listing obligations if the company is listed on another recognised foreign stock exchange.
Alternative 2
- The company has cumulative pre-tax profit of at least S$10 million for the last one or two years;
- 25% of issued shares must be in the hands of at least 1,000 shareholders;
- No minimum operational period for the company;
- Singapore, US or International accounting standards;
- Waiver from continued listing obligations if the company is listed on another recognised foreign stock exchange.
Alternative 3
- Market capitalisation of at least S$80 million at the time of the initial public offering, based on the issue price;
- 25% of issued shares must be in the hands of at least 1,000 shareholders;
- No minimum operational period for the company;
- Singapore, US or International accounting standards;
- This alternative is also suitable for companies such as fast-growing high technology companies which have a short but strong profit record;
- Waiver from continued listing obligations if the company is listed on another recognised foreign stock exchange.
Listing on the SGX-SESDAQ
The SESDAQ was established to help small companies, both foreign and local, to raise funds from the stock market. Criteria for listing include:
- Business is expected to be viable and profitable, but does not need to show pre-tax profits;
- No paid-up capital required;
- If the company has no track record, it must at least show that it need funds to finance a project or develop a product, which must have been fully researched and costed;
- At least 500,000 shares or 15% of issued shares (whichever is greater) must be in the hands of at least 500 shareholders;
- A company listed on the SGX-SESDAQ may apply for transfer to the SGX Mainboard (above) if and when it meets the Mainboard requirements.
Contact Us
For more information on our stock exchange listing services, please email 
or telephone us at (+65) 6735 0120.