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Singapore IPOs: Why I No Longer Cover Every Listing

Some readers may have noticed that I have not been writing about every Singapore IPO since last year. The simple reason is that life has become busier. Between my day job, an increasingly packed travel schedule, family commitments and desire to play more golf, I have become much more selective about how I spend my time.  Writing detailed IPO reviews takes time — reading prospectuses, analysing financials, comparing valuations and understanding the competitive landscape. While I still enjoy investing and writing, I no longer feel the need to cover every IPO that comes to market. Instead, going forward, I will probably focus only on IPOs where I am seriously considering investing my own money or where there is something particularly interesting that is worth discussing. I suspect this will make the blog more useful as well. Rather than writing about every deal, I can spend more time sharing my thoughts on the handful that I believe deserve attention. That bring...

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. 

  • Top-tier institutional investors including Lion Global Investors Limited (as investment manager for and on behalf of its clients), Amova Asset Management Asia Limited, Asdew Acquisitions Pte Ltd and Ginko-AGT Global Growth Fund, participated in the offering, validating Toku's AI-powered enterprise CX strategy and growth trajectory. 
  • Trading of the Shares will commence on a "ready" basis at 9:00 am SGT on 22 January 2026, under the ticker symbol TKU. 
  • Based on the Invitation Price and the post-Invitation share capital of the Company of 570,241,255 Shares, the Company's post-IPO market capitalisation is S$142.56 million. 
  • "This IPO reflects the confidence investors have in our vision to reimagine customer experience for enterprises," said Thomas Laboulle, Founder and CEO of Toku. "With the capital raised, we will scale our platform globally, deepen our AI capabilities, and grow through strategic partnerships and acquisitions. We have always thrived where complexity is greatest, and this listing allows us to bring that strength to more businesses worldwide." 


Comments

Anonymous said…
Please excuse my ignorance, but this Toku IPO is not the type that pay dividends every 6 months, correct ?
Mr. IPO said…
Yes. They can’t since still loss making.