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