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TrickleStar prices IPO at S$0.26 a share to raise S$2.4m

Published Mon, Jun 3, 2019 · 09:50 PM
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Singapore

TRICKLESTAR, which designs and sells energy-saving power strips in the US, has priced its initial public offering (IPO) at S$0.26 a share, ahead of a listing on the Catalist board of the Singapore Exchange.

The IPO will raise net proceeds of S$2.4 million through the placement of 15 million new shares.

There is no public tranche and the placement closes on June 14. Trading will commence on June 18.

Based on the IPO price, TrickleStar will have …

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