HRnetGroup launches S$174m mainboard IPO at 90¢ per share

Singapore

THE biggest Asian recruitment agency in the Asia-Pacific region excluding Japan has launched an initial public offering (IPO) to become the Singapore Exchange's first mainboard listing this year, seeking to raise about S$174 million largely to grow its business and go shopping.

HRnetGroup, which counts multinational corporations such as Samsung Asia and Acer among its customers, is offering about 193.4 million new shares in total at S$0.90 each, it said in its prospectus lodged on Thursday afternoon.