InvestmentAug 3, 2026, 06:12 AM
Suchness Tech to IPO 5M Class A Shares at $5-$7; Targets Nasdaq
AI Summary
Suchness Tech Limited filed an F-1/A for its initial public offering, planning to sell 5,000,000 Class A Ordinary Shares at an estimated price range of US$5.00 to US$7.00 per share, targeting gross proceeds of US$30,000,000 at the midpoint. The company, a Cayman Islands holding entity with Singaporean subsidiaries, has applied to list on the Nasdaq Capital Market under the symbol "SUCH". It has a dual-class voting structure, making it a "controlled company" post-IPO, with CEO Poh Hin Tan retaining significant voting power.
Key Highlights
- Plans Initial Public Offering of 5,000,000 Class A Ordinary Shares.
- Expected IPO price range is US$5.00 to US$7.00 per share.
- Assumed gross proceeds of US$30,000,000 at US$6.00 midpoint.
- Net proceeds to company are US$27,900,000 before expenses.
- Applied for listing on Nasdaq Capital Market under symbol "SUCH".
- Dual-class voting structure gives CEO 75.8% voting power, making it a controlled company.
- Underwriters have an option to purchase an additional 750,000 shares.
Price Impact
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