Drew & Napier acted for The Trendlines Group Ltd. in its initial public offering on the Catalist of the Singapore Exchange Securities Trading Limited
18 Nov 2015
Drew & Napier acted as legal counsel to The Trendlines Group Ltd. (“Trendlines”) in its initial public offering ('IPO") of 75,760,000 placement shares on the Catalist of the Singapore Exchange Securities Trading Limited (“Catalist”).
It is the first Israeli incubator organisation to be listed on the Catalist.
Trendlines is an Israeli company that discovers, invests in, incubates and provides services to life sciences companies in the fields of medical and agricultural technologies. This is in line with its vision to improve the human condition and with a view towards a successful exit in the marketplace. It operates principally through two technology incubators and an internal innovation centre.
Drew & Napier advised Trendlines in its IPO of 75,760,000 placement shares priced at S$0.33 for each share by way of placement, raising a total anticipated amount of S$25 million, subject to market conditions.
Directors Sin Boon Ann and Grace Lai, and Associates Chan Mei Sum, Michael Kwan and Phua Hui Ting led the transaction.