In one year, Sygnus has successfully launched a private credit investment company, which is currently seeking an IPO launch on the main market.
In July last year, Sygnus celebrated its launch at the Porsche showroom in New Kingston, and opened their new offices on Lady Musgrave Road.
Armed with a talented leadership team and staff, Sygnus was founded in June 2016 and set out to provide “customised and cutting-edge financial solutions… along the three core business lines of investment banking, investment management and tax advisory,” as taken from the company's website.
Most recently, the company has made new significant strides, successfully launching a private credit investment company Sygnus Credit Investments.
“It's our first year and it has already been a record year for Sygnus. We successfully launched our own private credit investment company Sygnus Credit Investments,” explained Chief Investment Officer Jason Morris.
Sygnus' current focus is on developing the wealth management aspect. “Now, we're building out our Wealth Management business and offering investors the unique opportunity to invest in private credit investments -- which offer customers highly attractive customers yields and are more attractive than bonds and (gives) returns up to seven per cent after tax in US dollars,” explained Morris.
For him, the market was ready and paved the path for their next move, their long anticipated IPO launch.
“The market demand for more customised credit investments and financing is strong. Hence, the decision to raise more capital in the planned IPO for Sygnus Credit Investments,” he said.
Though currently unable to give an exact date, he says the IPO is imminent and will be announced as soon as the necessary processes are complete.
“If all goes well, it will be launched in the very near future,” said Morris.