MindChamps eyes mainboard listing to fund growth

Singapore

MINDCHAMPS PreSchool, the largest operator and franchiser of premium-range pre-school centres in Singapore, has lodged its preliminary prospectus for a mainboard listing as it seeks to fund its expansion drive.

An earlier Bloomberg report, citing sources, said that the company is seeking a valuation of about S$200 million.

A representative for MindChamps declined to comment when contacted on Friday.

Three cornerstone investors - China First Capital Group (CFCG), Hillhouse Capital and Target Asset Management - have committed to the initial public offering (IPO), which will g…