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Catalist-aspirant Toku to sell 65 million shares at S$0.25 apiece for its initial public offer

Catalist-aspirant Toku to sell 65 million shares at S$0.25 apiece for its initial public offer

By Kim Browne

Culture

The company will raise net proceeds of S$13.7 million; post-listing, it will execute its expansion plans

A listing on the Catalist board of the Singapore Exchange (SGX) will raise the profile of Toku’s customer experience platform when it pitches to prospective large enterprise customers.

“For any procurement team, it’s easier to explain after the whole process that you selected Cisco because it’s a known name… very different to say we’ve selected Toku and then explain what Toku is,” said Thomas Laboulle, founder and chief executive officer.

Toku will be offering 65 million shares at S$0.25 per share, comprising 63 million placement shares and two million public offer shares with a market capitalisation of S$142.6 million post-listing.

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Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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