HRnetGroup Limited ("HRnet" or the "Company") is offering 89.482m shares for its IPO of which, 85.682m shares are via placement and 3.8m shares for the public offering. The IPO will close on 14 June at 12pm. The Company will have an over-allotment option of up to 11.1m shares in the event of strong demand. The IPO will close on 14 June 2017 at 12pm with a market cap of approximately S$900m. Finally, we see a mainboard listing on SGX after so long! SGX must be heaving a sign of relief.
Principal Business
HRnet is one of the largest Asia-based recruitment agency outside Japan with a strong dominance in Singapore. The Company operates in 10 Asia growth cities with a highly diversified base of over 2,000 premium clients. The Company said it has "104" clients out of the Fortune 500 list.
Some of the key ...