Coliwoo’s IPO, priced at 60 cents per share, drew nine cornerstone investors, including UOB Asset Management, Maybank Asset Management Singapore and Value Partners Hong Kong, as well as Avanda Investment Management, one of the managers appointed under the Monetary Authority of Singapore’s (MAS) $6.5 billion Equity Market Development Programme (EQDP). The offer was 8.2 times subscribed overall, with the public tranche 20.7 times covered.
Two heavily oversubscribed listings in three months give investors fresh ways to play Singapore’s co-living boom and the early analyst scorecard is mostly bullish.
Singapore’s co-living operators have spent their days convincing tenants that a furnished room with a shared kitchen and a social calendar is worth paying for. Now, they are making the same pitch to investors. In short succession, two co-living operators have gone public on the Singapore Exchange (SGX). Coliwoo Holdings was listed on the Mainboard in November 2025, followed by The Assembly Place (TAP) Holdings on the Catalist board in January.
