The retail tranche was 31.9 times subscribed after Toku received 1,115 applications for 63.88 million shares. The placement shares were fully subscribed for.
The initial public offering (IPO) of local technology company Toku was 1.9 times subscribed. The cloud communications and customer experience platform is the first company to list on the SGX in 2026.
Toku’s offer period ran from Jan 14 to Jan 20. The company’s shares will commence trading at 9 am on Jan 22 under the ticker symbol TKU. The placement comprises 2 million public offer shares and 63 million placement shares at 25 cents apiece. Based on the offer price as well as Toku's post-offer share capital of 570.24 million shares, the company has a post-IPO market capitalisation of $142.56 million.
