- SCI Ecommerce plans Singapore IPO
- Potential $1 billion valuation
- Listing could revitalize Singapore’s IPO market
E-Commerce Giant Plans Homecoming
SCI Ecommerce, a leading online shopping service provider, is reportedly considering an initial public offering (IPO) in Singapore. The company, backed by Asia Partners, could hit the market as soon as mid-2025, potentially valuing the firm at over $1 billion.
This move signals a shift from SCI’s earlier plans for a New York listing.
Boosting Singapore’s IPO Landscape
The potential listing comes at a crucial time for Singapore’s stock market.
IPO activity in the city-state has plummeted to its lowest level in over a decade, with only $19.5 million raised in a single listing this year. SCI’s IPO could provide a much-needed boost to the local market.
SCI’s E-Commerce Dominance
SCI has established itself as a powerhouse in the e-commerce sector, managing over 6,000 online stores for global brands like Danone, Huggies, Nestle, Philips, and Unilever across Southeast Asia and China.
The company’s expertise in helping brands navigate the complex online retail landscape has positioned it for significant growth.
