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Food Innovators' IPO Oversubscribed 1.4 Times

Singapore Business Review ·  10/16 12:00

It issued 14.0 million shares at $0.22 apiece.

$FOOD INNOVATORS HOLDINGS (KYB.SG)$ public offer was 6.3 times subscribed.

The company issued 14.0 million shares for $0.22, comprising 1 million public offer shares and 13 million placement shares.

The placement shares were fully subscribed.

The company received 264 valid applications for a total of 6.3 million public offer shares and 28 valid applications for placement shares, including 47,000 allocated for its CEO, Kubota Yasuaki.

Overall, the company's IPO was 1.4 times subscribed.

FIH debuted at the Catalist on 16 October, 9 a.m.

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