iWow Technology’s all-placement IPO is three times subscribed, with demand for 78 million shares for the total of 26 million shares available.
The company, which provides IOT-related products and services, has raised some $6.5 million in gross proceeds, with the shares priced at 25 cents each.
“The positive feedback is an encouraging sign of investors’ firm belief in our current IoT offerings and future vision. Listing on Catalist is a pivotal phase in our long-term development strategy,” says executive director and CEO Raymond Bo Jiang Chek.
Evolve Capital Advisory is the sponsor and issue manager while Futu Singapore is the underwriter and placement agent.
iWow shares will start trading at 9am on April 14.
