
Deals & Projects
Grand Venture Technology IPOs on SGX (1st Under New SFR2018)
23/01/2019
Heartiest congratulations to Grand Venture Technology Limited (βGVTβ) on its successful initial public offering (βIPOβ) and listing on the Catalist Board of the Singapore Exchange Securities Trading Limited (βSGX-STβ).
GVT’s IPO is the first initial public offering and listing on the SGX-ST for 2019. Based on the invitation price of S$0.275 per share, the post-invitation market capitalisation of GVT was S$64.4 million, and the IPO raised approximately S$13.2 million in gross proceeds. CIMB Bank Berhad, Singapore Branch is the Sponsor and Issue Manager for the IPO and CGS-CIMB Securities (Singapore) Pte. Ltd. is the Underwriter and Placement Agent.
Our Principal, Jeremiah Huang, co-led the team for GVT. For more information, reach out to Jeremiah or refer to the media’s widespread coverage.Β
Note: Media coverage and release of this first occurred whilst the team was at their previous firm.
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