Temasek’s Advanced MedTech Said to Choose Singapore IPO Over US

Advanced MedTech Holdings Pte, a medical device maker backed by Singapore’s state-owned investment firm Temasek Holdings Pte, has chosen to list in Singapore instead of the US, according to people with knowledge of the matter.

The company has picked Goldman Sachs Group Inc., Morgan Stanley and Oversea-Chinese Banking Corp. to work on its planned initial public offering, which could raise about $200 million to $300 million, the people said. A listing in the city-state may take place as early as the end of this year and could value the firm at about $1 billion, they said.

The ...