Trendlines launches IPO on Catalist

Singapore

ISRAEL'S medical and agriculture technology-focused The Trendlines Group has launched an initial public offering to raise gross proceeds of S$25 million.

Under the Catalist IPO, the incubator group is offering 75.76 million placement shares at S$0.33 each. The IPO is priced at about 1.4 times price-to-book of Trendlines' net tangible assets value as at June 30.