It priced its Nasdaq initial public offering at US$4 per share, raising some US$11.2 million. Read more at straitstimes.com.
First-half 2022 net loss was US$0.7 million, which the company attributed to heavy investment in technology. The stock, with the ticker “OMH”, started trading at 12am Singapore time on Wednesday. It priced its Nasdaq initial public offering at US$4 per share, raising some US$11.2 million (S$15.05 million) from the issue of some 3.6 million ordinary shares.
SHARES of Singapore-based Ohmyhome rose 1.8 per cent in after hours trading following its Nasdaq debut on Tuesday (Mar 21).
SINGAPORE, March 21, 2023 (GLOBE NEWSWIRE) -- Ohmyhome Limited ("Ohmyhome"), a data-driven property technology company based in Singapore, ...
The listing comes as the global initial public offerings (IPO) market last year plunged from a record-breaking 2021.
They need better guidance,” she said. It's still a steady growth compared to the last two years, because the last two years were pretty crazy. “We want to be able to expand our market share (and) continuously grow the company. We are heavily invested in our growth, and we'll continue to do that,” said Rhonda. We don't see difficulties in securing interest from our investors,” said Rhonda. Advertisement
By Stephen Nakrosis Shares of Singapore-based Ohmyhome Ltd. debuted on the Nasdaq Capital Market Tuesday, after the company priced its initial public...
At 3:08 p.m. Write to Stephen Nakrosis at [email protected] Shares of Singapore-based Ohmyhome Ltd.
Ohmyhome (OMH) stock rose modestly Tuesday afternoon following the Singapore-based proptech's downsized $11M US initial public offering. Read more here.
[filed in December](https://seekingalpha.com/news/3915137-singapore-based-proptech-ohmyhome-files-for-15m-us-ipo), which saw the company offering 3.3M shares priced between $4 and $5 and would have raised $15M if priced at the midpoint. The company won't receive any proceeds from the shareholder sale. Ohmyhome offered 2.8M shares priced at $4 per share. [PSE](https://seekingalpha.com/symbol/PSE)), which provides building envelope services in Southeast Asia, is also [seeking a US listing.](https://seekingalpha.com/news/3885850-singapores-prime-skyline-updates-terms-for-proposed-18m-us-ipo) Shares of Ohmyhome opened at $3.80 after being priced at $4 per ordinary share. The stock reached a high of $4.23 mid-afternoon, recently changing hands at $4.15 at approximately 2:40 p.m.
Ohmyhome, which connects buyers and sellers directly at no cost, issued 3.6 million ordinary shares at US$4 apiece.
Ohmyhome, a Singapore-based proptech firm, has set the pricing of its IPO at US$4 apiece and has started trading on the Nasdaq under the “OMH” ticker.
Ohmyhome Limited, a data-driven property technology company based in Singapore, has announced the pricing of its initial public offering of 3.78 million ...
counsel to Ohmyhome, and Sichenzia Ross Ference LLP is acting as U.S. Ortoli Rosenstadt LLP is acting as U.S. SBI China Capital Financial Services Limited will be acting as the co-manager.
It plans to raise US$11.2 million through the US IPO, and plans to use the proceeds for market expansion in SEA, among other things.
Excluding this transaction, revenue growth for the first half of 2022 was just two per cent from the previous year. For the first half of 2022, it booked a total revenue of S$3.4 million — this is up 45.8 per cent from S$2.3 million for the same period a year earlier. The company experienced negative cashflow from operating activities of US$1.3 million, with just US$0.9 million of cash remaining on its balance sheet. After removing this transaction, brokerage services still accounted for 72 per cent of the most recent period’s revenue, similar to previous years. The proptech company said it will not receive any proceeds from the sale of shares by the selling stakeholder. This trend continued in the first half of 2022, with a 46 per cent jump from the same period in 2021.
It began trading under the ticker symbol “OMH.” Ohmyhome offered 3,775,000 ordinary shares during its IPO. It is being conducted on a firm commitment basis. “ ...
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. ...there are many ways you can work with us to advertise your company and connect to your customers. Ohmyhome will not receive any proceeds from the sale of shares by the selling stockholder,” Nasdaq said.