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Toku Ltd - Balloting Results

Toku , a Singapore-incorporated AI-powered customer experience (CX) platform, today announced the successful close of its initial public offering. The Company will be listed on the Catalist Board of the Singapore Exchange Securities Trading Limited following the completion of the offering, marking the first IPO of 2026 for the exchange.   You may refer to the ballot results below: Sharing the key highlights from the press release, as well as a quote from Thomas Laboulle, Founder and CEO, Toku.  Toku, the Singapore-incorporated AI-powered customer experience (CX) platform secures full subscription on SGX Catalist, raising  S$16.25 million  at  S$0.25  per Invitation Share.  The Public Offer attracted strong interest and was  31.9 times subscribed , from 1,115   valid applications for  63,888,300 Public Offer Sh...

Jason Marine Group Limited


Jason Marine Group Limited is one of the leading providers of integrated solutions of a wide range of marine communication, navigation and automation systems based in Singapore.  The company is offering 16m New Shares at 21 cents (of which 15.5m will be via placement and the rest via public offer). It is encouraging to see companies trying to list on Catalist actually attempted to make a public offering. This is very refreshing vis-a-vis what was being done by Primepartners for most Catalist listings. The offer will end on 19 Oct 2009 at 12pm. The market cap post IPO will be S$22.3 million.

Revenue grew from S$40.7m in FY2007 to S$70.9m and net profit grew from S$1.6m to S$6.4m in the same period.  The Financial Year ends on 31 March 2009 and the EPS for FY 2009 based on post invitation shares is Singapore 6.03 cents and that translate into a listing PER of 3.48x.  Assuming the EPS grow by 25% in FY 2010 and a fair value PE of 4-5x for Catalist listings, the EPS will be 7.54 cents and the fair value will be between 30 cents to37 cents.

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