Thursday, 23 March 2023

SINGAPORE-BASED OHMYHOME ANNOUNCES IPO PRICING

KUALA LUMPUR, March 22 (Bernama) -- Ohmyhome Limited (Ohmyhome), a data-driven property technology company based in Singapore, has announced the pricing of its initial public offering (IPO) of 3,775,000 ordinary shares at a price of US$4.00 per share. (US$1=RM4.46)

Ohmyhome is offering 2,800,000 ordinary shares and the selling stockholder named in the prospectus is offering 975,000 ordinary shares.

According to a statement, the company will not receive any proceeds from the sale of shares by the selling stockholder.

The shares have been approved for listing on the Nasdaq Capital Market and begin trading under the ticker symbol "OMH" on March 21, and the offering is expected to close on or about March 23, subject to the satisfaction of customary closing conditions.

The offering is being conducted on a firm commitment basis. Prime Number Capital LLC is acting as the sole book runner for the offering, while SBI China Capital Financial Services Limited will be acting as the co-manager.

Ohmyhome is a one-stop-shop property technology platform providing end-to-end property solutions and services to end customers directly to help them buy, sell, rent, renovate their homes and more with a single application.

-- BERNAMA

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