IPO in the era of COVID-19

Equity capital markets (ECM)

Companies which intend to undertake IPO during the COVID-19 pandemic may need to disclose the impact of COVID-19 on their business and operations in prospectus.

Some of the additional disclosure in prospectus during the COVID-19 pandemic may include:

– whether the pandemic and the movement control order (MCO) imposed by the government have caused delay to their supply of goods or services

– whether the companies are in breach of any of their contractual obligations due to the pandemic and the MCO

– whether the pandemic and the MCO have adverse financial impact on the companies

– the companies’ contingency plan in dealing with the impact of COVID-19

As with any other information in prospectus, the companies must ensure the above information, if disclosed in prospectus, must be true, not misleading and does not contain any material omission.


This post was first posted on Linkedin on 18 February 2021.

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