Info-Tech Systems Ltd., a prominent human resource management software provider, has lodged its preliminary prospectus with the Monetary Authority of Singapore (MAS) as part of its plans for an initial public offering (IPO) on the Singapore Exchange (SGX) Mainboard. Oversea-Chinese Banking Corporation Limited (OCBC) is acting as the sole issue manager and global coordinator for this proposed IPO, with CGS International Securities Singapore Pte. Ltd. joining as joint bookrunners and underwriters.
The prospectus, once registered by MAS, will provide potential investors with detailed information on the offering. Interested parties will be able to access the document via MAS’s website or obtain a copy from OCBC or CGS International Securities during office hours.
This move marks a significant step for Info-Tech as it seeks to expand its market presence through public investment. The company’s decision to list on the SGX underscores its confidence in the Singaporean financial market and its strategic growth plans. The IPO will allow Info-Tech to raise capital, potentially enhancing its product offerings and expanding its reach in the competitive HR software sector.
The final prospectus will include comprehensive details about the offering, and investors are advised to consult this document before making any investment decisions. The listing is anticipated to attract considerable interest, given Info-Tech’s established reputation in the industry. The timeline for the IPO’s completion will be clearer once the prospectus is officially registered and released.
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