Ohmyhome Announces Closing of Initial Public Offering
Rhea-AI Summary
Ohmyhome Limited (Nasdaq: OMH) announced the successful closing of its initial public offering, issuing 3,775,000 ordinary shares at $4.00 each. This offering included 2,800,000 shares sold by Ohmyhome and 975,000 by a selling stockholder. The company did not receive proceeds from the latter. The offer, executed on a firm commitment basis, was managed by Prime Number Capital LLC and SBI China Capital Financial Services Limited, with legal guidance from Ortoli Rosenstadt LLP and Sichenzia Ross Ference LLP. A registration statement for this offering was filed and declared effective on March 20, 2023.
Positive
- Successful closure of the IPO, raising capital at $4.00 per share.
- Involvement of reputable book runners and co-managers indicates strong market interest.
Negative
- 975,000 shares sold by an existing stockholder may lead to shareholder dilution.
- Ohmyhome did not receive any proceeds from shares sold by the stockholder.
News Market Reaction – OMH
On the day this news was published, OMH gained 0.97%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
SINGAPORE, March 23, 2023 (GLOBE NEWSWIRE) -- Ohmyhome Limited (Nasdaq: OMH), a data-driven property technology company based in Singapore, today announced the closing of its initial public offering of 3,775,000 ordinary shares at a price of
The Offering is being conducted on a firm commitment basis. Prime Number Capital LLC acted as the sole book runner for the offering. SBI China Capital Financial Services Limited acted as the co-manager. Ortoli Rosenstadt LLP acted U.S. counsel to Ohmyhome, and Sichenzia Ross Ference LLP acted as U.S. counsel to Prime Number Capital LLC in connection with this offering.
The offering was made only by means of a prospectus. Copies of the final prospectus related to the offering may be obtained, when available, from Prime Number Capital LLC by email at info@pncps.com.
A registration statement relating to the sale of these securities was filed with the Securities and Exchange Commission and was declared effective on March 20, 2023 (File Number: 333- 268691). This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Ohmyhome
Ohmyhome is a one-stop-shop property technology platform based in Singapore, which provides 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.
Ohmyhome is dedicated to bringing speed, ease, and reliability to property-related services industry, and to become the most trusted and comprehensive property solution for everyone.
Media Inquiries:
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FAQ
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