The sponsor and issue manager is Evolve Capital Advisory and the underwriter and placement agent is Futu Singapore. Trading will start on April 14.
iWow Technology — iWow stands for “inspiring the World of Wireless” — has announced that it will raise $6.5 million to fund its plans to capture a bigger piece of the growing market for connected systems and devices.
The company, which was set up in 1999, on April 6 launched its initial public offering by placing out 26 million shares at 25 cents each. Based on FY2021 earnings per share of 1.48 cents, this issue is priced at around 16.9x historical earnings.
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