Stock exchange listing services

Stock exchange listing service

In addition to company incorporation, Healy Consultants provides Clients with a range of listing in stock exchange services, including assistance with initial public offerings (IPOs). Some of the key points to note with regards to listing in Singapore stock exchange (SGX) include:

Singapore stock exchange (SGX) listing procedures

Company listing in SGX

  1. The initial procedure for a Singapore Stock Exchange (SGX) 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 SGX listing, the IPO is launched. The lead manager submits the listing application on behalf of the company, and liaises with the SGX;
  3. A lawyer must also be appointed by the company to oversee the legal aspects of SGX 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 SGX 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 SGX listing tasks.

Timeframe

The average timeframe for SGX listing is six months.

SGX listing requirements

A company, foreign or locally-incorporated, seeking primary or secondary SGX listing, may list via three main criteria alternatives.

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;
  • The company must have been in operation for three years;
  • The company must adhere to Singapore, US or international accounting standards;
  • The company enjoys a waiver from continued SGX listing obligations if it 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;
  • There is no minimum operational period for the company;
  • 25% of issued shares must be in the hands of at least 1,000 shareholders;
  • The company must adhere to Singapore, US or International accounting standards;
  • The company enjoys a waiver from continued SGX listing obligations if it 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;
  • There is no minimum operational period for the company;
  • 25% of issued shares must be in the hands of at least 1,000 shareholders;
  • The company must adhere to Singapore, US or International accounting standards;
  • This alternative is suitable for Companies such as fast-growing high technology businesses which have a short but strong profit record;
  • The company enjoys a waiver from continued listing obligations if the company is listed on another recognised foreign stock exchange.

Singapore listing fees

Healy Consultants Singapore listing fees vary according to i) nationality of the company ii) expected market capitalization and iii) primary or secondary listing. Please contact us for a tailored package.

Frequently asked questions

Contact us

For additional information on our stock exchange listing services in Singapore, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Mr. Kunal Fabiani, directly:
client relationship officer - Kunal
singapore business federation Singapore Ministry of Manpower (MOM) Institute of Singapore chartered accountant (ISCA) Institute of Singapore chartered accountant (ISCA) saicsa icsa - institute of chartered secretaries and administrators SIngapore exchange ltd - The Asian Gateway | SGX