Nanofilm Technologies debuts on SGX mainboard at $2.77

Its listing brings the bourse’s tech cluster’s total market cap to $69b.

Singapore Exchange (SGX) welcomed the listing of NanofilmTechnologies International Limited on its mainboard under the stock code “MZH.”

Founded in 1999 as a high-tech spin-off from the Nanyang Technological University, Nanofilm Technologies International is a provider of nanotechnology solutions in Asia. It has a market capitalization of $1.7b.

The company’s listing boosts SGX’s Technology cluster to a total of 81 listings, with a combined market capitalization of more than $69b.

Their key business units comprise of advanced materials, or surface solution services based on their vacuum coating technologies and process; nanofabrication or the manufacture and supply of nanoproducts; and industrial equipment, or the manufacture and sale ofturnkey equipment systems.

Chew Sutat, head of global sales and origination, SGX, welcomed the company on its debut.

“We are excited to welcome NanofilmTechnologies International, a home-grown deep technology firm whose products and services are integral to the smooth functioning of essential technologies and tools used in daily lives globally. It is an impressive achievement for Nanofilm Technologies to attain tech unicorn status and SGX is proud to provide a listing platform for international investors to participate in its growth,” Sutat stated in the press release.

Nanofilm Technologies International opened at $2.77 on 30 October.