Aztech Global to raise S$297m in IPO; sees theoretical market cap of S$990.4m

AZTECH Global, the technology unit of Aztech Group, on Thursday lodged its final prospectus, offering 68.12 million shares priced at S$1.28 each in its initial public offering (IPO).

Of this, 64.62 million are placement shares, while 3.5 million shares fall under the public offer.

Alongside the sale of 163.88 million cornerstone shares, the IPO will raise gross proceeds of S$297 million. Net proceeds thus stands at S$283.7 million; of which S$188.6 million will go to the company.