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MindChamps offers 30.4m shares at S$0.83 each in Singapore IPO to fund expansion plans

It is aiming to raise S$49.3 million in gross proceeds from its mainboard listing on SGX

Angela Tan

Angela Tan

Published Fri, Nov 17, 2017 · 09:50 PM
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Singapore

MINDCHAMPS Preschool, Singapore's biggest provider of premium preschools by market share, is aiming to raise S$49.3 million in gross proceeds from its mainboard listing on the Singapore Exchange to fund expansion plans.

On Friday, MindChamps offered 30.4 million shares at S$0.83 each for its initial public offer (IPO), valuing the company at S$200.5 million.

The offer comprises 28.4 million new shares and 2.1 million shares sold by MindChamps Holdings, an investment holding company. Of these, two million…

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