Trans-cab Holdings Ltd (or the "Company") is offering 168m shares comprising 65m Cornerstone shares, 94.2m Placement Shares and 8.8m Public Shares at $0.68 each. Out of the 168m shares, 153m will be new shares with the balance vendor shares. There will be an over-allotment option of 20m shares. The IPO will close on 18 Nov 2014 at 12pm and starts trading on 20 Nov 2014.
According to the prospectus, the Company is the second largest taxi operator in Singapore by Fleet Size. In case you have never see a TransCab before, this is how it looks like. A striking red brighter than what you normally see in Hong Kong but with the same sense of familiarity.
This is a simple business so i will not have to explain much. The Company is a taxi operator and acquire and rent out taxis to licensed taxi drivers. According to ...