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.
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)
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 the institutional bookbuilding will launch in the first week of September. 

Sewko is a holding company for Singer Asia, which sells Singer-branded household appliances, consumer electronics and other products in five...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222