SHARE
Facebook X Pinterest WhatsApp

Singapore ISP Pursues IPO In US

Written By
thumbnail
Hans Lombardo
Hans Lombardo
Dec 1, 1998

Despite reports of an Asian recession, Singapore ISP Pacific Internet Pte. Ltd. announced last week that it has filed with the U.S. Securities and Exchange Commission (SEC).


If the application is successful, the initial public offering of the company will be 2,500,000 shares on the NASDAQ with an estimated US$13 to US$15 dollars per share.


Pacific Internet is one of Singapore’s three ISP’s and will be the first to list in the U.S.


The ISP owns Pacific Internet Philippines and Hong Kong SuperNet Ltd. and is an indirect subsidiary of SembCorp Industries, a leading multi-industrial conglomerate in Singapore.


For legal reasons, representatives of Pacific Internet and its investment bankers, Lehman Brothers, can not discuss the share offering in any detail.


“After two weeks, we will know what the next step is,” said Sant Kaur, public relations manager for Pacific Internet. “We will announce something then.”

Recommended for you...

U.S. Needs to Protect Tech Leadership: Qualcomm
Rob Enderle
Apr 8, 2022
HP’s ExtendXR Service Gets an Early Lead on a Looming Metaverse Problem
Rob Enderle
Mar 5, 2022
Cisco’s Purpose Is to Improve the World. Imagine if Others Followed.
Rob Enderle
Dec 17, 2021
HP Builds an Advanced Cloud Workstation for the Metaverse
Rob Enderle
Nov 13, 2021
Internet News Logo

InternetNews is a source of industry news and intelligence for IT professionals from all branches of the technology world. InternetNews focuses on helping professionals grow their knowledge base and authority in their field with the top news and trends in Software, IT Management, Networking & Communications, and Small Business.

Property of TechnologyAdvice. © 2025 TechnologyAdvice. All Rights Reserved

Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.