Sewko could be an early post-summer IPO

The holding company for the Singer brand in Asia offers exposure to domestic consumption in Sri Lanka and Bangladesh and is expected to raise about $150 million from a Singapore listing.

Sewko could be an early post-summer IPO
A Singer sewing machine from 1885. Today, Singer Asia sells a wide range of home appliances and consumer electronics, as well as IT products and furniture (AFP)

It has been a quiet August so far in terms of actual deal flow but, as is the case every year, bankers are busy preparing for the expected post-summer resurgence in IPO activity. One of the first companies to hit the market looks likely to be Sewko Holdings, after bankers started investor education for its upcoming Singapore IPO on Monday this week.

The investor education will continue for two weeks and the expectation is that...

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