Toku debuted on the Catalist board of the Singapore Exchange (SGX) at 26 cents, 4% above its offer price. The company is backed by venture capital and private equity funds such as Delivery Hero Ventures, Neptune Invest Asia and Tembusu Partners. Notably, Tembusu Partners co-chair and former Singapore minister Lim Hwee Hua is the company’s non-executive chair.
Cloud communications and customer experience platform Toku (SGX:TKU
) closed at 28.5 cents on its first day of trading on Jan 22, after reaching an intraday high of 30.5 cents.
Founded in 2018 by former GlobalRoam Group CEO Thomas Laboulle, Toku is the first company to list on the SGX in 2026. As part of the listing, 65 million shares were offered to investors at 25 cents apiece, giving it a post-IPO market capitalisation of $142.56 million.
