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First Cayman Company IPO and Listing on SGX-ST in Over Four Years

On 18 December, 2020, GHY Culture & Media Holding Co., Limited (GHY) was officially listed on the Mainboard of the Singapore Exchange Securities Trading Limited (SGX-ST), following its successful initial public offering of ordinary shares. This is the first SGX-ST Mainboard primary listing and initial public offering (IPO) in Singapore by a Cayman Islands company in more than four years.

The offering comprised a placement tranche of 18,696,000 shares and a public tranche of 3,000,000 shares, both of which were oversubscribed. The shares were offered at S$0.66 (US$0.49) per share. The joint underwriters and book runners for GHY’s IPO were DBS Bank Ltd., UOB Kay Hian Private Limited and Bank of China, Singapore Branch.

Concurrent with GHY’s IPO, 10 cornerstone investors agreed with GHY and two vendor shareholders to subscribe for and purchase an aggregate of 162,706,000 shares in GHY (Cornerstone Shares).


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First Cayman Company IPO and Listing on SGX-ST in Over Four Years


Preetha Pillai
Director, Head of Singapore office

Singapore   +65 6603 0707

Stacie Seetho

Singapore   +65 6603 0706


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