5 things you need to know about Union Gas IPO

Compressed natural gas provider Union Gas Holdings has launched its IPO on the Singapore Exchange's Catalist board.

union gas
Union Gas

Compressed natural gas provider Union Gas Holdings has launched its initial public offering (IPO) on the Singapore Exchange's Catalist board.

Here are five things you need to know about the IPO:

  • Offer size

The firm is offering 60 million shares, comprising 30 million new shares and 30 million vendor shares

  • Offer price

Shares are offered at 25 Singapore cents each

  • Public vs institution

About 58.72 million shares will be placed with institutional investors, while 1.28 million shares will be offered to the public

  • Subscription date

Application for the subscription and purchase of the shares will close at noon on July 19.
Listing and trading of the shares will start on July 21.

  • IPO proceeds

Company plans to raise about $5.72 million, which will be used mainly for business expansion

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