Listing on the Singapore Catalist Stock Exchange

Listing on the Singapore Catalist (formerly known as the SESDAQ) is ideal for rapidly expanding Singapore or international companies which fail to meet the strict quantitative criteria of the SGX. Healy Consultants assists young companies with all aspects of listing on the Singapore Catalist stock exchange. Some of the key points to note related to listing on the Singapore Catalist include:

Singapore Catalist listing procedures

When listing on the Singapore Catalist, it is necessary to appoint a Singapore-based Sponsor, who will be a financial institution approved by Catalist. Healy Consultants will assist your Firm choose the optimum Sponsor from a panel of 18 approved sponsors. Sponsor fees will amount to between S$1.5 million and S$2 million in the first year. The Sponsor will also act as the lead manager and underwriter during the listing application process.

The Sponsor will prepare an Offer Document for submission to the Singapore Catalist. This document is similar to a prospectus which is submitted when listing on the main board of the SGX, and includes information including the company’s competitors, its competitive advantages, financial projections and net assets, and evidence of sufficient working capital for twelve months. The Offer Document takes up to 9 months to complete, depending on the company’s readiness for listing on the Singapore Catalist.

The Sponsor will notify the Singapore Catalist two weeks prior to lodging the Offer Document with the SGX, advising them that the company is ready for listing on the Singapore Catalist. The initial listing fee of S$100,000 is then paid to the Singapore Catalist.

Two weeks later, the offer document and listing application is submitted to Singapore Catalist by the Sponsor and the administration fee of S$2,000 for lodgment is paid. The Singapore Catalist will review the application and approve the application for listing on the Singapore Catalist. The Offer Document is placed in the Catalodge section of the SGX website for at least 14 days to allow for public feedback.

The Initial Public Offering (IPO) is launched and the listing company will issue new shares to the investing public. At the time of IPO, the company must have a minimum of 200 shareholders and at least 15% of these shares must be held by the public.

Healy Consultants will assist with all of the above steps for listing on the Singapore Catalist.

Timeframe

The average timeframe for listing on the Singapore Catalist is between 6 and 12 months.

Criteria for listing on the Singapore Catalist

There are no quantitative entry requirements for listing on the Singapore Catalist. However, the Sponsor will assess whether the company is suitable for listing on the Singapore Catalist by considering the following:

Financial statements for the last 3 years (if available) showing healthy cash flow and adequate working capital;

ii)

Due diligence on company owners. The company must have a strong, capable and credible management team;

iii)

The forecasted financial projections of the company and the amount of fundraising required;

iv)

At the time of IPO, the company must have a minimum of 200 shareholders and at least 15% of these shares must be held by the public.

Contact Us

For more information on listing on the Singapore Catalist contact email@healyconsultants.com or telephone us at (+65) 6735 0120.

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Purchase the Healy Consultants' Asia Business Set Up book, including information on the Singapore Catalist, for US$1000, to order call +65 6735 0120 or contact email@healyconsultants.com