In today’s briefing:
- Olam Group (OLG SP): Entering the Final Stages to Unlock Value
- Cybersecurity Firm Blackpanda Closes US$15M Series A to Deepen Its Asia Presence
Olam Group (OLG SP): Entering the Final Stages to Unlock Value
- On 10 January, Olam Group (OLG SP) announced the potential IPO of Olam Agri through a dual primary listing in SGX ST and Saudi Arabia as early as 1H2023.
- The Olam Agri IPO could raise US$1 billion, according to press reports. Olam will seek shareholder approval at an EGM for the transaction.
- The IPO marks the final stages of the strategy to unlock value. Our SoTP valuation is S$1.85 per share, a 19% upside to the last close price of S$1.56.
Cybersecurity Firm Blackpanda Closes US$15M Series A to Deepen Its Asia Presence
- Singapore-based cybersecurity firm Blackpanda, which specialises in incident response and digital forensics, has secured US$15 million in its Series A funding round.
- The company will use the capital to expand its technology-enabled cybersecurity services, including digital forensics and incident response.
- It will also develop its underlying Artificial Intelligence and Machine Learning cybersecurity insurtech platform.
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