CGS International has marked a significant year in 2025 by completing 14 initial public offerings (IPOs) across Singapore, Malaysia, and Thailand, reinforcing its role in facilitating capital flows in the ASEAN region. The company has successfully listed companies in diverse sectors such as technology, real assets, industrials, and consumer goods, showcasing its expanding regional influence.
The firm achieved notable milestones with listings on the Singapore Exchange (SGX) Mainboard, Catalist, Bursa Malaysia Main Market, and the Stock Exchange of Thailand (SET). Highlights include Info-Tech Systems’ Mainboard IPO in Singapore, raising $42.3m (S$57.4m), and China Medical System’s secondary listing, which saw a share price increase of 11.2% on debut. In Malaysia, CGS International facilitated Paradigm REIT’s Main Market IPO, raising $118.6m (RM560m), and in Thailand, it was a lead underwriter for Mr D.I.Y. Thailand’s significant IPO on the SET.
Jason Saw, Group Head of Investment Banking at CGS International, stated, “2025 has been a milestone year for CGS International’s investment banking franchise. Our work across Singapore, Malaysia, Indonesia, and Thailand showcases the depth of our One CGS platform.”
The company’s achievements underscore its growing influence in Asia’s capital markets, with a robust pipeline of mandates anticipated to further strengthen its leadership position. Through its integrated presence, CGS International continues to facilitate cross-border listings and regional fundraisings, enhancing connectivity among ASEAN’s capital markets.
