Listing your company in Singapore is a milestone for your business – it is a statement of intent moving from a private limited company to a public company. There are certainly many benefits and reasons why you should list your company after its incorporation, but it is also important to consider the drawbacks of such a momentous move.
If you’re ready to list your company in Singapore, ahead on straight to the requirements to get listed on the Singapore Stock Exchange (SGX)!
Reasons For Listing Your Company in Singapore
There are plenty of reasons for listing your company in Singapore, some of which include:
Considerations for Listing Your Company in SGX
Before you consider listing your company, it is crucial for you to consider the potential drawbacks carefully. These considerations are:
Why Should I List My Company on the Singapore Stock Exchange?
SGX prides itself on being Asia’s key risk management centre with a diverse range of innovative products and fast-to-market services. Aside from that, there are also other reasons why companies opt to be listed on SGX.
Requirements to Get Listed on the Singapore Stock Exchange
Depending on the lifecycle of your business, there are two categories on SGX when it comes to listing.
The core requirements to get listed on the mainboard are summarised below.
|Mainboard – to fulfil at least one of the following:|
|Minimum consolidated pre-tax profit of at least S$30 million for the latest financial year with operating track record of at least 3 years|
|Profitable in the latest financial year, and has a market capitalisation of not less than S$150 million based on the issue price and post-invitation issued share capital with operating track record of at least 3 years|
|Operating revenue in the latest completed financial year and a market capitalisation of not less than S$300 million based on the issue price and post-invitation issued share capital. Real Estate Investment Trusts and Business Trusts who have met the S$300 million market capitalisation test but do not have historical financial information may apply under this rule if they are able to demonstrate that they will generate operating revenue immediately upon listing.|
For Catalist, there is no minimum quantitative criteria required by SGX and Sponsors will use their own house deal selection criteria.
There are 4 different business structures in Singapore – branch, subsidiary, representative office, and related company. You can find out more in our article here.
Singapore Exchange Limited (SGX, SGX: S68) is an investment holding company located in Singapore and provides different services related to securities and derivatives trading and others. SGX is a member of the World Federation of Exchanges and the Asian and Oceanian Stock Exchanges Federation.
Yes, you may delist your company on SGX by submitting a delisting form.