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S’pore entertainment firm Neon said to weigh IPO next year

Bloomberg
Bloomberg • 2 min read
S’pore entertainment firm Neon said to weigh IPO next year
Neon listed in Singapore in 2005 as Cityneon, raising about $5.3 million. A consortium took the firm private in a $318 million deal in February 2019. Photo: Albert Chua/The Edge Singapore
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Immersive entertainment group Neon is considering an initial public offering in Singapore that may raise as much as $500 million, according to people with knowledge of the matter.

The company, which is backed by Temasek Holdings’ 65 Equity Partners, has interviewed financial advisers for a potential offering that could take place as soon as next year, the people said, asking not to be identified as the process is private. A first-time share sale may raise $400 million to $500 million, the people said.

Deliberations are ongoing and details such as size and timing could change, the people said.

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