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Springview Holdings (Nasdaq: SPHL), a Singapore-based company specializing in residential and commercial building design and construction, has successfully closed its initial public offering. The company offered 1,500,000 Class A ordinary shares at a price of US$4.00 per share, raising gross proceeds of US$6 million. Trading of the shares commenced on October 17, 2024, under the ticker symbol 'SPHL'.
The IPO proceeds will be allocated towards business development, marketing activities, workforce expansion and training, and general corporate purposes. AC Sunshine Securities served as the underwriter for this firm commitment offering. The IPO was supported by legal counsel from Ortoli Rosenstadt LLP and Olshan Frome Wolosky LLP.
Springview Holdings , a Singaporean residential and commercial building design and construction company, has announced the pricing of its initial public offering (IPO). The company is offering 1,500,000 Class A ordinary shares at US$4.00 per share, aiming to raise US$6 million in gross proceeds. Shares are expected to begin trading on Nasdaq Capital Market under the ticker 'SPHL' on October 17, 2024.
The IPO proceeds will be used for business development, marketing, workforce expansion, and general corporate purposes. AC Sunshine Securities is acting as the underwriter for this firm commitment offering. The IPO is expected to close around October 17, 2024, subject to customary conditions.
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