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Stock impact report

Springview Holdings Ltd Announces Pricing of Initial Public Offering

Springview Holdings Ltd - Ordinary shares (SPHL) 
Company Research Source: GlobeNewswire
Singapore, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Springview Holdings Ltd (the “Company” or “Springview”), a company that designs and constructs residential and commercial buildings in Singapore, today announced the pricing of its initial public offering (the “Offering”) of 1,500,000 Class A ordinary shares at a public offering price of US$4.00 per Class A ordinary share. The ordinary shares have been approved for listing on The Nasdaq Capital Market and are expected to commence trading on October 17, 2024 under the ticker symbol “SPHL.” The Company expects to receive aggregate gross proceeds of US$6 million from the Offering, before deducting underwriting discounts and other related expenses payable by the Company. The Offering is expected to close on or about October 17, 2024, subject to the satisfaction of customary closing conditions. Proceeds from the Offering will be used for business development and marketing activities, hiring and training skilled workforce, and working capita Show less Read more
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