SG Upcoming IPO

[Reyes]

Procurri Corporation Limited, a global independent provider of data centre equipment and lifecycle services, has launched its initial public offering (IPO)of 68,880,000 shares at an offer price of S$0.56 each, in conjunction with its proposed listing on the Mainboard of the Singapore Exchange (SGX). Procurri is one of the subsidiaries of Catalist-listed DeClout Limited, and its IPO is poised to be Singapore’s first non-REIT and first tech IPO. DBS Bank is the issue manager, bookrunner and underwriter for the IPO.

Read more at: http://www.dealstreetasia.com/stories/47576-47576/

[level13]

ERA Realty marks return to SGX


IPO of 48.9 million shares and selling of 39.3 million shares to cornerstone investors (assuming greenshoe option excluded).
Northstar Group and APAC Realty's management would retain 72 per cent in APAC Realty.

Hence 88.2 million shares = 28% of company
Therefore 100% of company = 315 million shares

Based on IPO px of $0.66, the company's valuation is $208 million.

Against the buying px 4 years ago of $130 million, this represents a 60% increase.
This represents 12.5% compounded yearly.
Note that all shares in IPO are from vendors (nice profit in 4 years)! 

The earnings over the years are patchy (just like the property industry ) :

Year         Net profit
Y2011 -   13.7 mil
Y2015 -    8.5 mil
Y2016 -   15.9 mil
Q1_2017  - 4 mil

  
http://www.businesstimes.com.sg/real-est...urn-to-sgx

[cyclone]

Japanese restaurant group RE&S lodges preliminary prospectus for Catalist listing

By : WONG KAI YI
TUE, OCT 31, 2017 - 2:36 PM

JAPANESE restaurant group RE&S Holdings has lodged a preliminary prospectus for a Catalist listing as it seeks to raise capital for new outlets.

The timing and pricing of the deal has not been determined yet.

Small-and-medium enterprise investor Heliconia Capital Management, a unit of Singapore government-owned investment firm Temasek Holdings, currently holds a deemed 5.3 per cent stake in RE&S, and will be a cornerstone investor in the initial public offering (IPO).

Proceeds from the deal will be used for business expansion, establishment of new F&B outlets, refurbishment of existing F&B outlets and general working capital.

More details in http://www.businesstimes.com.sg/companie...st-listing

[cyclone]

Another Singapore Chili Crab Restaurant Is Going Public

By Kana Nishizawa
November 9, 2017, 12:18 PM GMT+8 Updated on November 9, 2017, 1:53 PM GMT+8

Singapore seafood hawkers have been competing for decades in the city-state’s notoriously cutthroat culinary scene. Now they’re vying for the favor of stock market investors.

No Signboard Holdings Ltd., known for its signature white pepper crab dish, started taking orders this week for an initial public offering that could value the company at as much as S$130 million ($95 million). It’s seeking to replicate the success of long-time rival Jumbo Group Ltd., the chili crab purveyor whose shares have more than doubled since its first-time share sale in October 2015.

Investors are already lining up for No Signboard’s offering. Local businessmen are committing some of their own money including Kenneth Goi, chief operating officer of property developer GSH Corp., and David Lam, founder of bulk container provider Goodpack, according to a prospectus. An asset management arm of JPMorgan Chase & Co. has also agreed to buy stock as a cornerstone investor, the prospectus shows.

More details in https://www.bloomberg.com/news/articles/...ock-market

[cyclone]

Orthopaedic group Asian Healthcare Specialists eyes Catalist IPO

By: Stanislaus Jude Chan
29/03/18, 01:53 pm

SINGAPORE (Mar 29): Asian Healthcare Specialists, a group of five orthopaedic specialists operating four The Orthopaedic Centre clinics in Singapore, has lodged a draft prospectus for an initial public offering (IPO) on the Catalist board of the Singapore Exchange.

There will not be a public tranche as AHS will be issuing new shares through a placement exercise which will be made available to retail and institutional investors in Singapore.

While the size of the IPO has not been announced, AHS says proceeds will be used to expand its business through acquisitions, joint ventures or strategic alliances, as well as to invest in synergistic businesses and to invest in management and healthcare professionals.

More details in https://www.theedgesingapore.com/orthopa...talist-ipo

[cyclone]

Hyphens Pharma lodges preliminary offer document for Catalist listing

By: Michelle Zhu
26/04/18, 03:52 pm

SINGAPORE (Apr 26): Hyphens Pharma International, the specialty pharmaceutical and consumer healthcare group which also owns the Ocean Health brand of supplements, has lodged a preliminary offer document with Singapore Exchange (SGX) to list on its Catalist Board in 2018.

Hyphens Pharma incorporated in Dec 2017 as a private company, and on Apr 20 this year was converted into a public limited company following a restructuring exercise.  

Through its wholly-owned subsidiary Pan-Malayan Pharmaceuticals, the group engages in the wholesale of pharmaceuticals and medical supplies in Singapore via both the conventional business model of tele-sales and sales representatives, as well as an online B2B platform at www.pom.com.sg.

More details in https://www.theedgesingapore.com/hyphens...st-listing

[opmi]

Hyphens Pharma incorporated in Dec 2017 as a private company - Why need to do this??

https://www.oceanhealth.com/ < I been to their warehouse sale. Not very impressive leh.

[cyclone]

PropNex's prelim IPO prospectus attracts unwanted attention over discrepancies in disclosures

By: PC Lee & Stanislaus Jude Chan
21/06/18, 06:36 pm

SINGAPORE (June 21): PropNex Realty’s upcoming initial public offer (IPO) has already attracted its fair share of attention, albeit for the wrong reasons.

After poring over the preliminary IPO prospectus document lodged last Thursday, eagle-eyed observers have spotted a number of discrepancies in the group's disclosures.

The first discrepancy was the disclosure that a $5 million value was ascribed to PropNex’s business takeover agreement with Dennis Wee Realty (DWR) entered into last year.

The second discrepancy noted by observers was the difference between the FY16 unaudited revenue and profit given by PropNex to the press last year and the audited figures disclosed in the IPO prospectus.

In the third discrepancy, PropNex had stated in its prospectus it has “approximately 200 teams of salespersons, with each team differing in size, ranging from approximately 10 to 500 salespersons each as their downline”.

More details in https://www.theedgesingapore.com/propnex...isclosures

[cyclone]

Synagie Corp eyes net proceeds of $9.8 mil from Catalist IPO at 27 cents per share

By: Stanislaus Jude Chan
30/07/18, 04:55 pm

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. The invitation shares will represent 16.4% of Synagie’s post-invitation share capital of 261.7 million shares.

Post-IPO, Synagie is expected to have a market capitalisation of approximately $70.7 million. The invitation is expected to raise approximately $11.6 million in gross proceeds, and around $9.8 million in net proceeds.

Synagie says the net proceeds will be used for business expansion, including penetrating new geographical locations, investments in information technology capabilities, mergers and acquisitions, and working capital.

Founded in 2014, the group helps traditional businesses to shift their businesses online by providing end-to-end commerce enablement and fulfilment solutions, including e-logistics and insurtech.

Its clients leverage on the cloud-based Synagie Platform, which utilises technologies such as Artificial Intelligence and Big Data analytics, to manage multi-channel business processes and sales for both online and offline channels.

These clients, or brand partners, also use Synagie’s ecosystem to their distribute products and services on online marketplaces such as Lazada and Qoo10.

Synagie says it currently serves more than 250 brand partners in the Body, Beauty and Baby (BBB) sector, including Johnson & Johnson, Kimberly-Clark, and Shiseido.

The group saw its revenue more than double to $8.0 million in FY17, from $3.7 million in FY16, on the back of growth in its e-commerce and e-logistics business segments.

However, Synagie saw its FY17 loss before income tax widen to $3.4 million, falling 49% from a pre-tax loss of $2.3 million in FY16, as gross profit margin contracted 3.9 percentage points to 21.9% in FY17. The FY17 loss includes expenses incurred in connection to the IPO as well as finance costs related to the group’s convertible notes, which were fully converted.

More details in https://www.theedgesingapore.com/synagie...ents-share

Website : https://synagie.com/

[karlmarx]

How are they going to sell this given HPHT's terrible record?

...

Tycoon Richard Li's FWD said to mull Singapore dual-class IPO

[SINGAPORE] Hong Kong billionaire Richard Li's FWD Group is considering listing in Singapore with a dual-class structure, as the insurer moves ahead with its initial public offering preparations, people with knowledge of the matter said.

FWD is discussing with advisers the merits of listing in Singapore using such a structure, which can offer enhanced voting power to protect the influence of founders and management, according to the people. The insurer has consulted Singapore Exchange (SGX) officials about the possibility, the people said, asking not to be identified as the deliberations are private.

The Hong Kong-based company is also considering its home city as a potential listing venue, the people said. FWD has started laying the groundwork for an IPO that could take place in the next couple years, Bloomberg News reported last month.

https://www.businesstimes.com.sg/compani...-class-ipo