Singapore Entertainment Firm Neon Is Said to Pick Banks for IPO

  • DBS, HSBC, Morgan Stanley, UBS chosen to help with share sale
  • Neon may aim to raise as much as S$500 million in IPO in 2025
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Immersive entertainment group Neon has picked financial advisers for its potential initial public offering in Singapore, according to people with knowledge of the matter.

Neon has chosen DBS Group Holdings Ltd., HSBC Holdings Plc, Morgan Stanley and UBS Group AG to help with the first-time share sale, the people said, asking not to be identified as the process is private. Other advisers could be added to the list, one of the people said.