TraceTogether token maker iWOW Technology to raise S$6.5m in Catalist listing
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
iWOW Technology, a local technology provider that specialises in Internet of Things (IoT) solutions, launched its initial public offering (IPO) on Wednesday (Apr 6) for a Catalist listing on the Singapore Exchange (SGX).
The company is looking to sell 26 million shares at S$0.25 apiece, to raise gross proceeds of about S$6.5 million. Net proceeds are expected to come in at about S$5.2 million.
This placement represents about 10.4 per cent of iWow's enlarged share capital of 250.4 million shares. The company will have a theoretical market capitalisation of S$62.6 million after the placement, and a price-to-earnings ratio of 16.9 times.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Mustafa Centre begins fit-out at JB’s Capital City Mall after 2-year delay
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Aiming at China, Malaysia puts new restrictions on electric cars
Singapore tightens monetary policy for first time since 2022, raises inflation forecasts amid Iran war oil shock
