CGS International Securities Singapore Pte Ltd has announced its pivotal role as Joint Bookrunner and Underwriter in the successful Initial Public Offering (IPO) of Info-Tech Systems Ltd on the Mainboard of the Singapore Exchange (SGX). This IPO, marking Singapore’s first Mainboard listing in two years, raised approximately $42.1m (S$57.4m), excluding the over-allotment option.
The offering included around 24.86 million shares priced at $0.64 (S$0.87) each. Additionally, nine cornerstone investors, such as Dymon Asia Multi-Strategy Investment Master Fund and Lion Global Investors Limited, subscribed for approximately 41.1 million shares at the offering price. Jason Saw, Group Head of Investment Banking at CGS International Securities, stated, “CGS International is committed to empowering regional champions through capital market access, and we are honoured to support Info-Tech’s successful listing journey.”
Info-Tech Systems, a leading HR and payroll software provider in Singapore, aims to leverage this milestone to accelerate its regional expansion. The strong investor reception underscores the company’s potential to seize digital transformation opportunities across Southeast Asia.
CGS International’s involvement in this IPO highlights its reputation as a trusted gateway to Asia’s capital markets, supported by its extensive cross-border network and regional expertise. The firm, in conjunction with its parent company China Galaxy Securities, serves nearly 18 million customers globally, offering a wide range of financial services across 15 countries and regions.
“`
