To him, the amount of new funds raised from the IPO is quite minimal. “It wasn’t really to raise a huge sum of money or do an exit or anything like that,” he tells The Edge Singapore in a recent interview.
(June 17): TrickleStar, which designs and supplies energy-saving products to US customers, has been hit hard by the deepening trade tensions between the US and China. This is because the company’s products, which are manufactured in China, are subject to higher tariffs imposed by the US. Yet, this is not stopping the Malaysian-headquartered company from seeking a listing on the Catalist board of the Singapore Exchange.
Bernard Emby, CEO and executive chairman of TrickleStar, acknowledges that now is “not the most opportune time” to list. But he has decided to go ahead because a listing status will provide the company’s customers and partners with “a level of comfort” and “transparency”.
