With a total share base of approximately 1.1 billion, the company's market capitalisation based on the IPO price will be approximately US$1.6 billion. Based on its post-invitation FY2024 earnings per share of 5.07 US cents, Ultragreen.ai’s IPO is priced at 28.6 times historical earnings.
Ultragreen.ai has launched its initial public offering (IPO) at US$1.45 per share, aimed to raise gross proceeds of US$400 million.
5.86 million shares will be available in the public tranche and another 106.2 million shares will be available to investors outside the United States, including institutional and other investors in Singapore.
