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.

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

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