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Foundation Healthcare Holdings IPO: The Biggest SGX Healthcare Listing Since IHH — Worth Chasing?

Special Edition: Foundation Healthcare IPO Singapore hasn't seen a healthcare IPO of this size in over a decade. Foundation Healthcare Holdings (" FHH ") is looking to raise up to S$242 million at an offering price of S$0.76 per share , implying a market capitalisation of roughly S$1.0 billion — reportedly the largest healthcare listing on SGX since IHH Healthcare's dual-listing back in 2012. Public offer closes 6 July, 12pm , with trading expected to start on 8 July 2026 . Let's dig into what FHH actually does, why parts of the story are genuinely attractive, where I'd want to be careful, and whether the pricing leaves anything on the table for IPO subscribers. The Business: A Doctor Roll-Up With a Tech Layer FHH is a multi-specialty private healthcare platform built on three verticals: Specialists — 108 full-time medical specialists across 16 specialties and 74 specialist clinics as at 31 March 2026, making...

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.