HRnetGroup plans S$175m IPO
Offering by homegrown recruitment firm will make it the first new mainboard listing for the year
Singapore
HRNETGROUP, a Singapore recruitment firm, could raise about S$175 million in an initial public offering with a target trade date of June 16, which would make it the first new mainboard listing for the year.
The Republic's largest professional recruitment and flexible staffing services outfit by number of consultants and revenue, HRnetGroup is planning to offer up to about 194 million new shares between 80 and 90 Singapore cents apiece. At the mid-point of pricing, about 84 million shares in the offering would be offered in a placement tranche, and about six million shares for the public tranche. Joint global coordinators Credit Suisse and Deutsche Bank, and joint underwriters DBS and Nomura, have an over-allotment option to sell an extra 11 million shares if demand is strong.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Air China to buy 100 locally made C919 jets in US$11 billion deal
HCA beats first-quarter profit estimates on higher patient admissions
F&B operator YKGI to exclusively operate Chicha San Chen in Macau for next eight years
LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses
Exxon misses on Q1 profit despite big gains in Guyana
US FDA approves Pfizer’s gene therapy for rare bleeding disorder