Singapore O&G launches IPO for Catalist listing

HEALTHCARE firm Singapore O&G (SOG) has launched its initial public offering (IPO) for a listing on the Catalist Board of the Singapore Exchange at 25 Singapore cents per share.

Of the 43.6 million shares being offered, 2.2 million are being offered to the public while 41.4 million are being offered by way of placement.

The group plans to use the net proceeds of approximately S$9.2 million from the issue of the new shares for investments in healthcare professionals and synergistic businesses, expanding its business operations as well as for working capital purposes.

SOG is a specialist medical practitioner group in women's healthcare with an established track record in the O&G field. It operates eight clinics in Singapore.

The public offer will close at noon on June 2, while the stock is expected to start trading at 9am on June 4.