Aztech Global launches IPO on SGX Mainboard, to raise gross proceeds of $297.0 mil

Felicia Tan
Felicia Tan3/4/2021 2:57 PM GMT+08  • 3 min read
Aztech Global launches IPO on SGX Mainboard, to raise gross proceeds of $297.0 mil
The public offer will close at 12pm on March 10.
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Aztech Global, the technology unit of Aztech Group, has launched 68.12 million shares priced at $1.28 each through its initial public offering (IPO) on the Mainboard of the Singapore Exchange Securities Trading Limited (SGX-ST) on March 4.

The IPO is expected to raise gross proceeds of some $297 million from the invitation and the issuance and sale of the cornerstone shares.

The invitation comprises a placement of 64.62 million offer shares to investors, including institutional and other investors in Singapore and outside the US, and another 3.5 million offer shares for the public offer.

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