Tech IPOs continue to excite

TheStar Sat, Mar 13, 2021 08:00am - 3 years View Original

A banker familiar with the listing process of Aztech says that the technology sector continues to draw the interest of investors from the region and even globally.

TECHNOLOGY stocks may be taking a breather but that does not seem to be stopping a decent flow of new listings from this sector.

Yesterday, a company that makes Internet of Things (IoT)-based products got listed on the Singapore Stock Exchange with a market value of just under S$1bil (RM3.7bil).

The Singapore firm, with one of its operations in Johor, had attracted some Malaysian funds as cornerstone investors. These included the likes of the Employees Provident Fund, Affin Hwang Asset Management and Hong Long Assurance.


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