initial public offering (IPO)

MeGroup launches IPO today at 23 cents per share; to list on Oct 31
SINGAPORE (Oct 23): MeGroup, the Malaysian-based car dealership and automotive parts maker, which is seeking a listing in the Catalist board of the Singapore Exchange (SGX) launched its initial public offering (IPO) today with the sale of each share at 23 cents. The group will be offering a total of 16.5 million new shares, with 1.5 million shares in the public tranche and 15 million shares in ...
Cennerv lodges prelim offer documents for Catalist listing, to acquire US subsidiary with proceeds
SINGAPORE (Sept 21): Cennerv Pharmaceuticals on Wednesday lodged its preliminary prospectus ahead of its planned initial public offering (IPO) on the SGX Catalist board. Cennerv is a Singapore-based pharmaceutical developer specialising in treatments for central nervous system (CNS) disorders with a focus on depression, insomnia, dementia, schizophrenia and autism. The company intends to ...
Self-driving cars will beat some short-haul flights: Volvo
(Sept 6): Volvo Cars is taking aim at the aviation industry, saying self-driving vehicles could eliminate the need for some short-haul flights. The Gothenburg, Sweden-based carmaker on Wednesday unveiled a project to explore how autonomous vehicles can be used to shuttle people between cities, allowing them more time for rest, work and play instead of the hassle of flying. “Domestic air ...
China's Meituan Dianping sets HK IPO valuation at up to US$55 bil
(Sept 3): China’s Meituan Dianping, an online food delivery-to-ticketing services platform, has set an indicative price range of HK$60 to HK$72 ($10.48-$12.58) per share for its initial public offering (IPO) in Hong Kong, valuing itself at up to US$55 billion, four people with direct knowledge of the matter said. Meituan, already one of China’s most valuable internet firms, could raise as ...
Synagie Corp eyes net proceeds of $9.8 mil from Catalist IPO at 27 cents per share
SINGAPORE (July 30): E-commerce solutions provider Synagie Corporation has launched its initial public offering (IPO) to list on the Catalist board of the Singapore Exchange (SGX), with a total of 43 million invitation shares offered at 27 cents apiece. Some 3.8 million shares will offered via the public tranche, while the remaining 39.2 million shares will be available by way of placement. ...
Koufu says public offering 17 times subscribed
SINGAPORE (July 17): Koufu Group, one of the largest operators of food courts and coffee shops in Singapore, says the public offering was about 17 times subscribed. This came after valid applications for 107.7 million public offer shares were received for the 6.3 million shares on public offer share were received at the close of the offer at 12 noon on Monday. Koufu is selling up to 97 ...
DLF Holdings aims to raise $4.3 mil from Catalist IPO at 23 cents per share
SINGAPORE (July 17): Mechanical and electrical (M&E) engineering services provider DLF Holdings has registered its offer document with the Singapore Exchange (SGX) for its initial public offering (IPO) on the Catalist board. DLF is expected to raise gross proceeds of $4.3 million in the IPO, which will see 18.5 million new shares up for grabs at 23 cents each. This will give DLF a market ...
Koufu launches IPO at 63 cents per share to raise $74 mil
SINGAPORE (July 11): F&B operator Koufu Group has launched its initial public offering (IPO) at 63 cents a share to raise gross proceeds of $74.3 million with its proposed listing on the Mainboard of the Singapore Exchange (SGX). The group is selling some 97 million offering shares -- comprising an international placement of 90.7 million shares and public offer of 6.3 million shares -- and ...
Xiaomi grapples with geopolitics and doubt on trading debut
BEIJING (Jul 9): It was hailed as the biggest and most important Chinese technology debut in years. Instead, Xiaomi Corp. begins life as a public company on the defensive, struggling to justify a lofty valuation while buffeted by a geopolitical storm beyond its control. When billionaire Chairman Lei Jun strikes the gong on Monday in Hong Kong, he will usher onto public markets a company twice ...
IPO activity slows amid geopolitical uncertainties, trade tensions
SINGAPORE (July 4): Geopolitical uncertainty, trade issues and macroeconomic conditions are dampening investor enthusiasm for initial public offerings (IPOs), according to the quarterly Global IPO trends: Q2 2018 report published today by professional services firm EY. Singapore saw its IPO activity fall 60% y-o-y in 2Q18, with four IPOs during the quarter raising just US$0.07 billion ($0.10 ...