Case Name :      Cash Technology Limited: A Chinese IPO in Singapore

Authors :           Larry Wynant, Nigel Goodwin

Source :             Ivey Publishing

Case ID :            906N06

Discipline :        Finance

Case Length :    19 pages

Solution Sample availability : YES

Plagiarism : NO (100% Original work)

Cash Technology Limited is a Xiamen-based manufacturer of self-service banking machines, touchscreens and related software. The company was set to issue its initial public offering on the Singapore Exchange. The proceeds from the IPO would help the mid-sized, entrepreneurial and private company secure its position in the burgeoning Chinese market for automated teller machines and related equipment. With six weeks left before the IPO, the chief executive officer and chief financial officer attempted to value their company by various methods and assess the reasonableness of the offering price proposed by the IPO manager. The case challenges students to examine the attractiveness and value of a business from the perspective of the issuer and potential investors, and can also provide the opportunity for students to develop a strategy for communicating with institutional investors.