• Share Registry

    Initial Public Offering (IPO)

Package

IPO Share Registry services involve managing shareholder records, facilitating share allocation and issuance, and supporting compliance with regulatory requirements during and after the public offering process.

Our package is designed to help your company receiving all the essential corporate services related to establishing an IPO in Singapore.

By quotation

Per requirements

Both “a la carte” and “packaged” pricings are available on demand to better fit with your evolving corporate needs.

Please note that we reserve the right to modify prices and relevant terms without prior notice – if deemed necessary by market conditions.

What is Included in this Package

Pre-IPO Advisory Services:

  • IPO Readiness Assessment:

    Assessing whether the company meets the financial, operational, and regulatory criteria for listing. This involves reviewing the company’s structure, financial records, governance practices, and operational capabilities.

  • Corporate Restructuring:

    Advising on the restructuring of the company’s operations, shareholding, or governance structures to meet the regulatory requirements for listing.

  • Financial Reporting and Auditing:

    Assisting with the preparation of audited financial statements and ensuring that the company’s financial reporting is in line with international standards and IPO requirements.

  • Legal and Regulatory Compliance Review:

    Ensuring the company complies with all relevant legal and regulatory requirements, including those stipulated by the Singapore Exchange (SGX) and the Monetary Authority of Singapore (MAS).

IPO Structuring and Documentation:

  • Prospectus Preparation

    Assisting in the preparation of the company’s prospectus, which includes comprehensive details about the business, its financials, risk factors, and governance. This document must be submitted to SGX and MAS for approval.

  • Due Diligence Process:

    Conducting due diligence to verify the accuracy of the company’s financial statements, business operations, and legal matters. This is often a collaborative process between legal, financial, and regulatory advisors.

  • Drafting of Corporate Governance Framework:

    Setting up a strong corporate governance framework that aligns with SGX’s listing requirements, ensuring transparency, accountability, and management structure.

  • Shareholder and Stock Option Documentation:

    Providing assistance with shareholder agreements, stock option plans, and preparing necessary documentation to comply with regulatory guidelines.

Regulatory Filing and Compliance:

  • SGX and MAS Filings:

    Managing the filing process with the Singapore Exchange (SGX) and the Monetary Authority of Singapore (MAS). This includes submitting the prospectus, responding to queries from regulators, and ensuring compliance with all IPO-related regulations.

  • Securities Filing:

    Ensuring that the company’s securities filings are complete and submitted according to the prescribed timelines, including the offering memorandum and application for approval from SGX and other relevant authorities.

  • IPO Listing Application:

    Assisting in the submission and approval of the listing application to SGX, ensuring that the company’s application meets all necessary listing criteria.

IPO Marketing and Investor Relations:

  • Roadshows and Investor Presentations:

    Organizing investor roadshows to promote the IPO and generate interest among potential institutional and retail investors. This may include preparing presentations, managing investor queries, and handling communications.

  • Pricing Strategy:

    Advising on the appropriate IPO pricing based on market conditions, investor sentiment, and company valuation. This involves working with underwriters and financial advisors to establish the optimal offering price.

  • Book-building Process:

    Assisting with the book-building process, where institutional investors place bids for shares during the IPO process. This helps set the final issue price based on demand.

Post-IPO Services:

  • Post-Listing Compliance:

    Ensuring ongoing compliance with SGX’s listing rules and regulations post-IPO. This includes financial disclosures, corporate governance practices, and shareholder communications.

  • Transition Support:

    Helping the company transition to a publicly listed entity, providing ongoing advice on managing shareholder expectations, investor relations, and reporting obligations.

  • Ongoing Corporate Governance:

    Supporting the company in maintaining a strong corporate governance framework, ensuring the company remains compliant with legal and regulatory requirements.

Valuation and Financial Advisory:

  • Valuation Services:

    Conducting business and asset valuations to determine the company’s market value prior to the IPO. This involves working with financial experts to assess the company’s assets, liabilities, and market potential.

  • Financial Modeling and Forecasting:

    Assisting in building financial models and forecasts to present to potential investors and regulatory authorities. This helps determine the company’s valuation, potential returns, and risk factors.

Underwriting and Equity Syndication:

  • Underwriting Support:

    Coordinating with investment banks to arrange underwriting services. The underwriters take on the risk of selling the company’s shares during the IPO, ensuring the company achieves its fundraising target.

  • Equity Syndication:

    Managing the equity syndication process, which involves distributing shares to various institutional investors and facilitating the sale of shares during the IPO process.

Legal and Tax Structuring:

  • Legal Due Diligence:

    Ensuring that all legal matters, including corporate contracts, intellectual property rights, and liabilities, are thoroughly reviewed and compliant with regulations.

  • Tax Planning and Structuring:

    Advising on the tax implications of an IPO, including potential tax liabilities for shareholders and the company. This may involve reorganizing the company’s structure to optimize tax efficiency for post-IPO operations.

Package Suitability

Legal Requirement

From a corporate services perspective, the legal requirements for the IPO process in Singapore include complying with SGX listing rules and the Securities and Futures Act, submitting a detailed prospectus, and meeting financial and governance criteria.

Due diligence must also be conducted, and the company must fulfill corporate governance, continuous disclosure, and regulatory reporting obligations post-listing.

Process

The IPO process in Singapore involves preparing a comprehensive prospectus, conducting due diligence, and submitting the application to the Singapore Exchange (SGX), followed by securing necessary regulatory approvals.

Corporate services play a critical role in ensuring the company meets all compliance requirements, facilitates shareholder meetings, and handles post-listing reporting obligations.

Limitations

The limitations of the IPO process in Singapore include strict regulatory requirements, such as detailed financial disclosures and due diligence procedures, which can be both time-consuming and costly.

Additionally, the company must meet SGX listing criteria, including financial performance and governance standards, which may restrict eligibility for certain businesses.

Commonly Asked Questions

IPO process in Singapore:

What are the eligibility requirements for listing on the SGX Mainboard or SGX Catalist?

Companies must meet specific financial and operational criteria set by the Singapore Exchange (SGX).

  • For SGX Mainboard, companies typically need to have a minimum market capitalisation of S$300 million,
  • For SGX Catalist, companies must show growth potential but is not required to meet specific financial thresholds.

What are the key documents and filings required during the IPO process in Singapore?

The key documents include the prospectus, due diligence reports, financial statements, and regulatory filings with the Monetary Authority of Singapore (MAS) and SGX. These documents provide necessary disclosures regarding the company’s financial status, business operations, and future plans.

How long does the IPO process typically take from preparation to listing?

The IPO process can take approximately 6 to 12 months, depending on the complexity of the business and the readiness of the company. This includes time for due diligence, preparing the prospectus, obtaining approvals from the authorities, and marketing the IPO.

What are the costs involved in an IPO, including underwriting and compliance fees?

Costs include underwriting fees, legal and accounting expenses, listing fees, regulatory compliance costs, and marketing expenses. These can amount to 6% to 8% of the total funds raised in the IPO.

What ongoing compliance and reporting obligations will the company have post-IPO?

Post-IPO, the company must adhere to continuous disclosure obligations, including quarterly and annual financial reporting, as well as complying with corporate governance standards set by SGX and the MAS. Additionally, the company is required to disclose material information promptly to ensure transparency for investors.

INQUIRY FORM

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SHARE REGISTRY

(Initial Public Offerings)

Please complete the Inquiry Form below to receive tailored assistance for your business operations and corporate needs from BESO.

Our team of experienced advisors will promptly reach out to you.

Thank you for your interest!

BESO Corporate Services PTE LTD

hello@beso.sg

60 Paya Lebar Road, #07-54 Paya Lebar Square, Singapore 409051

+65 6303 4429

+65 9248 0866

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