[ad_1]
Staff Reporter
,
Singapore
Logo from Winking
The company is offering 40 million shares.
Game development company Winking Studios plans to raise $8m from its initial public offering on the Catalist Board of the Singapore Exchange Securities Trading Limited (SGX-ST).
According to the company’s prospectus lodged in the SGX, it is planning to offer 40 million shares at $0.20 apiece. Of the total shares, 27.2 million are placement shares, and 12.8 million are cornerstone shares.
After deducting the $2.9m estimated expenses incurred in the issuance of the sales, Winking Studios expects to gain net proceeds of $5.1m.
The company will use its IPO proceeds to expand its operations globally, including establishing subsidiaries and offices, enhancing existing offices, and supporting infrastructure, amongst others.
The placement will be open from 9 November, after the registration of the Offer Document by the SGX ST, to 16 November.
Join Singapore Business Review community
Since you’re here…
…there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!
[ad_2]
Source link