Figtree Holdings Limited ("Figtree" or the "Company") is offering 54.546m placement shares at $0.22 each. This is a pure placement tranche with no public shares and the shares will be listed on Catalist. The IPO will end on Nov 7, 12pm.
Principal Business
The Company is basically a main contractor specializing in the design and building of commercial and industrial facilities.
Financial Performance
It is interesting to know that this Company basically grew from zero revenue to $60m in 3 short years and the adjusted EPS as of FY2012 is Singapore 1.37 cents. Assuming the profit increased by 50% in FY2013, the adjusted EPS will be Singapore 3.06 cents (I am just guessing).
Shareholders
Do note that Freight Links (a listed company on the mainboard) has a 20% stake in this Company post IPO and it increased its stake by buying an additional 13.1m ...
