AAM streamlines fundraising and listing with 1X, raising S$5.6M in 5 months.
Finance, Fund Management
Singapore
11-50
2012
"This private listing kicks off the next chapter of growth for us, and we look forward to bringing more value to our unitholders and shareholders.”
- Seak Eng Wong, Co-Founder of Aggregate Asset Management
Company Background
Aggregate Asset Management (AAM) is a Capital Markets Services (CMS) licensed fund management company that operates under the Securities and Futures Act and is regulated by the Monetary Authority of Singapore (MAS).
Serving only Accredited Investors (AI), AAM adopts a performance-driven approach, charging no management fees and only earning performance fees when clients achieve absolute returns.
1X's Role
1X provided a comprehensive listing platform that enabled a smooth and efficient process. Through 1X's integrated ecosystem, AAM successfully completed its fundraising and listing within 5 months. The listing raised approximately S$5.6 million in a mix of new and existing shares, which were made tradable on 1X. The listing process also included a CAP-table cleanup, achieving a valuation of S$112 million and allowing customers to become shareholders.
