Corporate ActionJul 24, 2026, 12:26 PM
Sin Lian Seng Construction to Offer 6.25M Shares in Nasdaq IPO
AI Summary
Sin Lian Seng Construction filed an F-1/A registration statement for an initial public offering of 6,250,000 ordinary shares on the Nasdaq Capital Market under the symbol "ININ". The expected offering price is between $4.00 and $5.00 per share, aiming to raise $25 million at the lower end. The company, a Singapore-based fastener supplier expanding into solar PV EPC services, also noted revenue growth from S$5.5 million in FY2024 to S$7.1 million in FY2025.
Key Highlights
- Initial public offering of 6,250,000 ordinary shares.
- Expected price range of $4.00 to $5.00 per Ordinary Share.
- Anticipated listing on Nasdaq Capital Market under symbol "ININ".
- Underwriters have a 45-day option to purchase up to 937,500 additional shares.
- A separate resale prospectus covers 1,470,000 shares from Selling Shareholders.
- Total revenue increased from S$5.5 million in FY2024 to S$7.1 million in FY2025.
- Company operates as an "emerging growth company" and "foreign private issuer".
Price Impact