Singapore-based investor education platform ShareInvestor Pte has agreed to merge with retail investor education platform Investing Note Pte.
The deal terms for the merger values the combined group at more than S$30m (£19m, $22m, €21m).
The merged group has set its sights for an initial public offering (IPO) on the Singapore Exchange or another stock exchange within the next few years.
Grow footprint
Christopher Lee, chief executive of ShareInvestor Group said: “The merger with InvestingNote is a natural progression for ShareInvestor given our long and synergistic relationship. It makes us even more attractive as a one-stop platform for advertisers, sponsors, key opinion leaders, brokerages and other financial intermediaries to forge win-win business partnerships with us.
“The merger also brings on board new talents and technologies and positions ShareInvestor as a future-ready financial intermediary for both traditional and digital assets.
“The group’s enhanced talent and technology resources, together with its growing footprint in Singapore, Malaysia, Indonesia and Thailand, give us confidence that we can be the leading regional financial intermediary, riding on the promising economic outlook for the Asean markets.”
Shanison Lin Xinshan, founder of InvestingNote, said: “This is a pivotal moment for us as we mark the beginning of the next phase of growth. ShareInvestor has always been our shareholder and close partner since the early days of InvestingNote. I am super excited about starting this new journey together.”
