Niks Professional announced that its public offer of 1m shares was 5.9x subscribed. Investors who applied will for 100,000 shares will have a 66:99 chance of being allotted 25,000 shares.
Substantial investors include Medinex Limited, Jessie Low (CEO of Medinex) and Tan Lee Meng (Non-executive chairman of Medinex). Medinex Limited is listed on Catalist, with a market cap of $26.4m. Qilin Wealth is related to the Soilbuild Group.
"The strong anchor commitments from various investors further underscore Niks Professional's growth potential within the family-practice dermatology, aesthetic medical services and medical skincare space, and affirm its vision of becoming an integrated medical skincare platform in Singapore and China."
Let's see if the anchor investors are able to pull Niks out of the IPO doldrums with a good showing 🍍🍍🍍
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