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Koufu prices IPO at S$0.63 a share

Published Wed, Jul 11, 2018 · 09:50 PM
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Singapore

FOOD court operator Koufu has priced its initial public offering (IPO) at S$0.63 a share, ahead of a listing on the Singapore Exchange mainboard.

The IPO will raise net proceeds of S$70.5 million, through the sale of 51.2 million new shares and 45.8 million shares currently owned by Koufu founder Pang Lim and his wife.

This means that only S$43 million of the IPO proceeds will go to the company.

Upon i…

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