ifast ipo

iFAST prices IPO at S$0.95 per share

  • Public Offer for IPO of iFAST Corporation Ltd. (“iFAST”) opens at 7.00 pm on 4 December 2014 and closes at 12.00 noon on 9 December 2014
  • iFAST, an Internet-based investment products distribution platform with the Fundsupermart.com (B2C) and iFAST platform, is expected to list on the SGX-ST Main Board on 11 December 2014
  • Received strong indication of interest from institutional and high net worth investors for the Placement, amounting to approximately 12 times the number of shares available
  • Investors who are interested to subscribe into the IPO shares* can do so from now and before 12pm on Tuesday 9 Dec 2014, via ATMs of DBS, UOB and OCBC; Internet-banking platform of DBS, UOB and OCBC; and mobile banking platform of DBS

(* please refer to the IMPORTANT NOTICE below)

For more information:

  • iFAST Corporation Ltd. prospectus: You can grab a hard copy from the iFAST IPO retail booth (from now to Tuesday 9 Dec, 12pm) near the entrance to Ocean Financial Centre, 10 Collyer Quay, Singapore 049315.
  • A soft copy of our final prospectus is available from either: MAS Opera website, or SGX website
  • iFAST Corporation Ltd. press release: Please go to: http://www.ifastcorp.com/ifastcorp/news/index.tpl

About iFAST Corporation

iFAST Corporation is an Internet-based investment products distribution platform, with assets under administration of approximately S$5.13 billion as at end-September 2014. Incorporated in the year 2000 in Singapore, iFAST Corporation provides a comprehensive range of services, including investment administration and transactions services, research and trainings, IT services and backroom functions to banks, financial advisory firms, financial institutions, multinational companies, as well as investors in Asia. The company is also present in Hong Kong, Malaysia and China.

iFAST Corporation has two main business divisions, namely our Business-to-Consumer (B2C) website, Fundsupermart.com, targeted at DIY investors; and our Business-to-Business (B2B) platform that caters to the specialised needs of financial advisory (FA) companies, financial institutions and banks.

As at end September 2014 and across the jurisdictions we operate, iFAST Corporation has over 115 distribution agreements with global fund houses offering over 1,800 investment products (including over 1,600 funds) on the platform. Over 5,000 FA representatives from more than 150 banks, financial institutions and FA companies use the iFAST B2B platform.

The prospectus dated 4 December 2014 (the “Prospectus”) relating to the Offering has been registered by the Monetary Authority of Singapore on 4 December 2014. Capitalised terms used herein, shall, unless otherwise defined, bear the same meanings assigned to them in the Prospectus. This article is for information only and does not constitute an offer or a solicitation or an invitation to purchase or subscribe for any securities and neither this article nor anything contained herein shall form the basis of any contract or commitment whatsoever. The information in in this article may contain certain forward-looking statements that involve assumptions, risks and uncertainties. Accordingly, it is qualified in its entirety by, and is subject to, the more detailed information set out in the Prospectus.

Any decision to subscribe for the New Shares should be made solely on the basis of information contained in the Prospectus and no reliance should be placed on any information other than that contained in the Prospectus. This offer of securities is accompanied by a Prospectus. Investing in our Shares involves risks which are described in the section entitled “Risk Factors” of the Prospectus. Anyone wishing to acquire these securities should read the prospectus before submitting his application and will need to make an application in the manner set out in the prospectus. These materials are not for publication or distribution, directly or indirectly, in or into the United States. This advertisement is not an offer of securities for sale in or to any country or jurisdiction except under such circumstances that will be in compliance with any applicable rules or regulations of any such country or jurisdiction. The securities referred to herein have not and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold within the United States except pursuant to an applicable exemption form, or in a transaction not subject to, the registration requirements of the Securities Act and state securities laws. No public offering of securities is being made in the United States. A printed copy of the prospectus is available for collection during office hours from the office of iFAST Corporation Ltd. at 10 Collyer Quay, #26-01, Ocean Financial Centre, Singapore 049315, from DBS Bank Ltd. at 12 Marina Boulevard, Level 46 Marina Bay Financial Centre Tower 3, Singapore 018982, or from DMG & Partners Securities Pte Ltd at 10 Collyer Quay, #09-08 Ocean Financial Centre, Singapore 049315, subject to availability.

To find out more about iFAST, contact us at (65) 6557 2000 or visit our website at www.ifastcorp.com

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