CGS-CIMB eyes dual listing in Singapore, Malaysia by 2023, IPO target at $1b: CEO

CGS-CIMB Securities CEO Carol Fong is looking to achieve an average growth rate of between 15 and 25 per cent for the firm. ST PHOTO: LIM YAOHUI
New: Gift this subscriber-only story to your friends and family

SINGAPORE - Leading brokerage CGS-CIMB Securities is eyeing a dual listing in Singapore and Malaysia as early as 2023, chief executive Carol Fong told the Straits Times.

The Singapore-based firm, a joint venture between China Galaxy Securities (CGS) and CIMB Group, holds a portfolio that includes retail broking, institutional equities and wealth management. Ms Fong said the company aims to have a valuation of around $1 billion at its listing.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.