HSBC-backed Startup Silent Eight Eyes IPO, With Tremendous Potential Ahead
Portfolio Pulse from Nabaparna Bhattacharya
Singapore-based startup Silent Eight, backed by HSBC and Standard Chartered, is planning for an IPO by 2025. The company uses AI to assist financial institutions in combating financial crimes. With its software being adopted by major banks, Silent Eight is expected to see substantial growth. The company's revenue is set to triple this year, and it is expected to achieve profitability for the first time.
September 23, 2023 | 8:32 pm
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POSITIVE IMPACT
HSBC-backed Silent Eight is planning for an IPO by 2025. The company's growth could reflect positively on HSBC's investment.
HSBC's investment in Silent Eight could yield positive returns if the startup continues its growth trajectory and successfully goes public. This could potentially boost HSBC's financial performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Standard Chartered-backed Silent Eight is planning for an IPO by 2025. The company's growth could reflect positively on Standard Chartered's investment.
Standard Chartered's investment in Silent Eight could yield positive returns if the startup continues its growth trajectory and successfully goes public. This could potentially boost Standard Chartered's financial performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Standard Chartered-backed Silent Eight is planning for an IPO by 2025. The company's growth could reflect positively on Standard Chartered's investment.
Standard Chartered's investment in Silent Eight could yield positive returns if the startup continues its growth trajectory and successfully goes public. This could potentially boost Standard Chartered's financial performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80