Union Gas Holdings Limited ("Union Gas" or the "Company") is offering 60m shares comprising 30m New Shares and 30m Vendor shares at $0.25 each for a listing on Catalist. The IPO will close on 19 July 2017 at 12pm and starts trading on 21 July 2017. 1.28m shares will be available for the public with the rest via the placement tranche. The market cap is around S$50m based on the IPO price. You can find the prospectus here.

The founder of Union Gas is a self-made man. His rags to riches story was featured in the Straits Times in Oct 2014, do take some time to read here. He bid for the cab license and started Trans Cab with 50 taxis in 2003 and tried to list Trans Cab in Nov 2014 (my IPO write up is here) but unfortunately for him, the ...