SINGAPORE: Singapore Exchange (SGX) welcomed the listing of Nanofilm Technologies International Limited on its Mainboard under the stock code “MZH”. Nanofilm Technologies International Limited opened at S$2.77 today.
Founded in 1999 as a high-tech spin-off from the Nanyang Technological University, Nanofilm Technologies International Limited is a leading provider of nanotechnology solutions in Asia.
Their key business units comprise: (i) Advanced Materials – surface solution services based on their vacuum coating technologies and process; (ii) Nanofabrication – manufacture and supply of nanoproducts; and (iii) Industrial Equipment – manufacture and sale of turnkey equipment systems.
The company’s technology-based solutions are utilised in a wide range of industries such as computer, communications and consumer electronics (3C), automotive, precision engineering, and printing and imaging.
Dr Shi Xu, Executive Chairman of Nanofilm Technologies International Limited, said, “Today marks an important milestone in Nanofilm’s journey towards becoming a global nanotechnology solutions provider. We are pleased with this IPO, and while Nanofilm is the first deep-tech company in many years to list on SGX’s Mainboard, I firmly believe we will not be the last. With SGX’s right strategy and strong leadership shown clearly in this IPO process, SGX will be the listing hub for many deep-tech companies to come. I thank MAS and SGX for the strong support, and extend my appreciation to the professionals who have worked tirelessly towards this day.”
Chew Sutat, Head of Global Sales and Origination, SGX, said, “We are excited to welcome Nanofilm Technologies International, a home-grown deep technology firm whose products and services are integral to the smooth functioning of essential technologies and tools used in daily lives globally.
“It is an impressive achievement for Nanofilm Technologies to attain tech unicorn status and SGX is proud to provide a listing platform for international investors to participate in its growth. Singapore’s strong reputation and ecosystem as an Asian technology hub has attracted many aspiring tech companies to set up their base here. The robust subscription for Nanofilm Technologies IPO demonstrates the market’s confidence in its business and prospects, as well as investors’ appetite for such deep tech companies.”
With a market capitalisation of about S$1.7 billion, Nanofilm Technologies International Limited’s listing will boost SGX’s Technology cluster to a total of 81 listings with combined market capitalisation of more than S$69 billion.