Zico Holdings Inc is placing out 48m shares at $0.30 each for a listing on Catalist. Once again there is no public tranche....SGX are you doing something about this? The IPO will close on 7 Nov at 12pm and will be listed on 11 Nov at 9am.
The market cap is $80.1m based on the IPO price.
Principal business
In case you don't know, Zico is the short form for Zaid Ibrahim. The website is here. It is a very well known law firm in Malaysia with more than 25 years of history.I am surprised that it chose to list in Singapore instead of Malaysia.
It has cleverly restructured itself such that it is listing mainly the Trust and Corporate services, while the offering of legal services will be to the extent it is permitted to do so directly. Otherwise, it will offered by the ZICOlaw ...