Econ Healthcare (Asia), which announced its plans to list on the Catalist board on the Singapore Exchange (SGX) in March, has launched its initial public offering (IPO) with 50 million offering shares on April 9.

The offering shares, which comprise a placement of 48.2 million offering shares and 1.8 million offering shares by way of a public offer, were listed at 28 cents each.

Based on the offering price and the post-offering share capital of 257 million shares, Econ Healthcare will have a market capitalisation of $72 million upon its listing.

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