Kimly's kopi-o IPO 8.3 times subscribed
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Kimly executive director Vincent Chia (second from left) and executive chairman Lim Hee Liat (third from left).
PHOTO: ST FILE
SINGAPORE - Traditional coffee shop operator Kimly said on Friday (March 17) that its initial public offering (IPO) of 173.8 million new shares in the company at S$0.25 each was approximately 8.3 times subscribed.
This excludes subscriptions for 10.68 million placement shares by directors, substantial shareholders and their associates.
The company raised net proceeds of approximately S$40.4 million from the IPO.
Shares of Catalist-listed Kimly will begin trading at 9am on Monday.
