| Stock Exchange Listing Services | |
Healy Consultants provides clients with a range of Stock Exchange listing services, including assistance with initial public offerings (IPOs) and. Some of the key points to note with regards to Stock Exchange listing in Singapore include: |
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| Singapore Stock Exchange listing procedures | |
| 1. | The initial procedure for a Singapore Stock Exchange listing is that the Company first appoints a Singapore-based financial institution to be sponsor and lead manager. |
| 2. | Having chosen the lead manager to assist with the Singapore Stock Exchange listing, the IPO is launched. The lead manager submits the listing application on behalf of the Company, and liaises with the Singapore Stock Exchange (SGX). |
| 3. | A lawyer must also be appointed by the Company to oversee the legal aspects of Singapore Stock Exchange listing. |
| 4. | A certified public accountant must be appointed to provide the Company with an initial evaluation of its readiness to go public, assist in upgrading its management capabilities and in preparing the launch. |
| 5. | Prior to and during the Singapore Stock Exchange listing process the Company is advised to engage a reputable public relations Company to enhance its image. |
| 6. | Healy Consultants can assist with all of the above Singapore Stock Exchange listing tasks. |
| Timeframe | |
| The average timeframe for Singapore Stock Exchange listing is six months. | |
| Singapore Stock Exchange listing requirements | |
A Company, foreign or locally-incorporated, seeking primary or secondary Singapore Stock Exchange listing, may list via three main criteria alternatives. |
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| Alternative 1 | |
| 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. |
| 2. | 25% of issued shares must be in the hands of at least 1,000 shareholders. |
| 3. | The Company must have been in operation for three years. |
| 4. | The Company must adhere to Singapore, US or international accounting standards. |
| 5. | The Company enjoys a waiver from continued Singapore Stock Exchange listing obligations if it is listed on another recognised foreign stock exchange. |
| Alternative 2 | |
| 1. | The Company has cumulative pre-tax profit of at least S$10 million for the last one or two years. |
| 2. | 25% of issued shares must be in the hands of at least 1,000 shareholders. |
| 3. | There is no minimum operational period for the Company. |
| 4. | The Company must adhere to Singapore, US or International accounting standards. |
| 5. | The Company enjoys a waiver from continued Singapore Stock Exchange listing obligations if it is listed on another recognised foreign stock exchange. |
| Alternative 3 | |
| 1. | Market capitalisation of at least S$80 million at the time of the initial public offering, based on the issue price. |
| 2. | 25% of issued shares must be in the hands of at least 1,000 shareholders. |
| 3. | There is no minimum operational period for the Company. |
| 4. | The Company must adhere to Singapore, US or International accounting standards. |
| 5. | This alternative is suitable for Companies such as fast-growing high technology businesses which have a short but strong profit record. |
| 6. | The Company enjoys a waiver from continued listing obligations if the company is listed on another recognised foreign stock exchange. |
| Singapore 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. This has now been superceded by the Singapore Catalist. Please visit our Listing on the Singapore Catalist page for more information. |
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| Contact Us | |
For more information on our Singapore Stock Exchange listing services, email email@healyconsultants.com or telephone us at (+65) 6735 0120. |
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Buy the Singapore chapter of Healy Consultants' Asia Business Set Up book for US$100, to order call +65 6735 0120 or e-mail email@healyconsultants.com
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