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Nanshan-backed W Capital has more than 10 IPO pipeline deals
HAVING built up the investment banking business in Tata Capital Markets and AMFraser Securities from scratch in his 16 years in investment banking, Wayne Lee decided last year to venture out with his own investment banking outfit.
The company, W Capital Markets, was one of three that received the issue manager and Catalist sponsor accreditation from the Singapore Exchange (SGX) earlier this week - no small feat considering that such firms are required to employ at least three professionals who meet stringent criteria in terms of their involvement in corporate finance advisory in listings in the 10 years prior to the application.
"How many initial public offerings (IPOs) have there been recently in Singapore? Twenty in 2017, and 15 in 2018. Since the penny stock saga in 2013, there hasn't been many IPOs to speak of, so to find these professionals that meet the requirements is very difficult. I needed to assemble this team, and in the market you can count with your fingers how many such professionals there are . . ."
https://www.businesstimes.com.sg/compani...line-deals
It looks like we may be seeing some s-chip listings, or hopefully, more local small cap listings.
It is also the second time, in as many months, that I've seen suggestions for more funds to invest in small cap stocks.
He also hopes that Singapore sovereign wealth investors can set up a fund here to focus on investing in the local equity market, particularly in the much neglected small- to mid-cap space, so as to bring back needed confidence to the market.
Yet, there are already quite a number of local boutique funds doing so. So why are they still 'undervalued?' Maybe, instead of pouring money into equity research, MAS should incentivise small caps to reward shareholders more generously.
HAVING built up the investment banking business in Tata Capital Markets and AMFraser Securities from scratch in his 16 years in investment banking, Wayne Lee decided last year to venture out with his own investment banking outfit.
The company, W Capital Markets, was one of three that received the issue manager and Catalist sponsor accreditation from the Singapore Exchange (SGX) earlier this week - no small feat considering that such firms are required to employ at least three professionals who meet stringent criteria in terms of their involvement in corporate finance advisory in listings in the 10 years prior to the application.
"How many initial public offerings (IPOs) have there been recently in Singapore? Twenty in 2017, and 15 in 2018. Since the penny stock saga in 2013, there hasn't been many IPOs to speak of, so to find these professionals that meet the requirements is very difficult. I needed to assemble this team, and in the market you can count with your fingers how many such professionals there are . . ."
https://www.businesstimes.com.sg/compani...line-deals
It looks like we may be seeing some s-chip listings, or hopefully, more local small cap listings.
It is also the second time, in as many months, that I've seen suggestions for more funds to invest in small cap stocks.
He also hopes that Singapore sovereign wealth investors can set up a fund here to focus on investing in the local equity market, particularly in the much neglected small- to mid-cap space, so as to bring back needed confidence to the market.
Yet, there are already quite a number of local boutique funds doing so. So why are they still 'undervalued?' Maybe, instead of pouring money into equity research, MAS should incentivise small caps to reward shareholders more generously.