Singapore Exchange (SGX) today welcomed Y Ventures Group Ltd. to Catalist under the stock code “1F1”.
Y Ventures Group is a Singapore-founded data analytics driven e-commerce retailer and distributor specialising in online retail data analytics, marketing, distribution and sale of a wide range of merchandise, under third-party brands and its private label “JustNile”.
Capitalising on its data analytics capabilities to analyse demand trends, pricing intelligence, consumer sentiment and market competition, Y Ventures Group is able to streamline research and marketing efforts to enhance its sales and improve cost efficiency. The company’s merchandise – mainly books, home and décor products and fast moving consumer goods – are marketed and sold online among the largest online marketplaces in the world such as Amazon and eBay, as well as leading regional online marketplaces in Asia, such as Qoo10, Lazada and Tokopedia.
RHT Capital is the sponsor and issue manager for this IPO, marking its first IPO since its authorisation as a Catalist Full Sponsor in October 2016.
Alex Low, Chief Executive Officer and Executive Director of Y Ventures Group, said:
The success of our listing marks a key milestone for our Group. With our scalable business model and robust proprietary data analytics capabilities, we hope to capture promising e-commerce industry prospects and continue to enjoy growth upside. We are encouraged by the support we have received and will continue to work hard to achieve our growth plans and enhance value for our shareholders.
Mohamed Nasser Ismail, Head of Equity Capital Market (SME) and Head of Capital Market Development, SGX, commented:
Technology in the form of e-commerce and data analytics is disrupting the way consumers shop, browse and consume. We are pleased to welcome Y Ventures Group, a homegrown e-commerce retailer that lives and breathes data analytics to optimise sales, that will now form part of SGX’s cluster of technology companies. We look forward to supporting the company as it takes advantage of data to scale its business and bring its merchandise to consumers from all corners of the world. We are also delighted as this is the first Catalist IPO managed by RHT Capital, since its authorisation as a Catalist Full Sponsor in October 2016.
With a market capitalisation of about $44 million, the listing of Y Ventures Group brings the total number of companies listed on Catalist to 196, with a combined market capitalisation of more than $12 billion. Y Ventures Group will also strengthen SGX’s technology cluster, which now has a total of 76 companies, with combined market capitalisation of more than $82 billion.
Y Ventures Group Ltd. opened at $0.27 today.