Catalist caters to the needs of fast-growing enterprises. Companies seeking a primary listing on the Catalist must be brought to list by authorised Full Sponsors via an initial public offering (IPO) or a reverse takeover.
There are no quantitative entry criteria required by SGX. Instead, Full Sponsors decide if the listing applicant is suitable to be listed.
Companies must lodge an Offer Document with SGX which will be posted on SGX’s Catalodge website, for a period of at least 14 days for public comments. This will provide an avenue for any public feedback, and act as an additional safeguard.
The Offer Document has to comply with the same disclosure requirements as a prospectus prepared In accordance with the Securities and Futures Act and the Securities and Futures Regulations, as it is the basis for investors to make informed decisions on the company. Provisions relating to civil and criminal liability in the Securities and Futures Act similarly apply to an Offer Document.