Singapore’s government announced Friday a package of initiatives to help high-growth enterprises raise capital in the city-state’s public equity market, in a move to broaden its proposition as a financing center.
Gan Kim Yong, Singapore’s Minister for Trade and Industry, announced:
- Establishment of a co-investment fund named Anchor Fund @ 65 to help promising high-growth enterprises raise capital through public listings in Singapore;
- Establishment of the Growth IPO Fund to help late-stage private enterprises at about two or more funding rounds away from a public listing grow and prepare for an eventual public listing in Singapore;
- Enhancements to the Grant for Equity Market Singapore (GEMS) scheme to support enterprises seeking to list in Singapore, and to help
develop Singapore’s equity research ecosystem; and
- Singapore Exchange’s Strategic Partnership Model, which will develop bespoke solutions ranging from private market fundraising to
liquidity building and global investor outreach for high-growth companies.