Aedge Group to raise S$1.7m in Catalist listing; prices shares at S$0.20 each
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AEDGE Group - a provider of engineering, transport, and security and manpower services - is looking to sell 16 million shares in a private placement on Thursday in conjunction with its proposed listing on the Catalist board of the Singapore Exchange (SGX).
With shares priced at S$0.20 apiece, the company is looking to raise net proceeds of about S$1.7 million through the initial public offering (IPO).
This placement represents some 15.1 per cent of the enlarged share capital of 106 million shares of the group. Based on the given price, Aedge's market capitalisation will be pushed up to S$21.2 million. This translates to a price-to-earnings ratio of 59 times.
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