MindChamps Preschool Limited (“MindChamps” or the “Company”) is offering 30,449,600 shares at $0.83 per share in which 2m shares will be for the public and the balance for placement. The market cap of the Company will be $200.5m. The IPO will be subject to over-allotment option. Separate from the offering, the Company also entered into an agreement to sell 28,930,800 shares to Cornerstone Investors.
The IPO application will close on 22 Nov 2017 at 12pm and you can start trading on 24 Nov 2017. You can apply for the shares at the ATM and internet banking platforms of DBS/POSB, OCBC and UOB, as well as the mobile app of DBS. You can find the prospectus here.
The Company is currently the largest operator and franchisor of premium range preschool centres in Singapore and currently operates 6 company-owned-company-operated (“COCO”) preschool centres, 30 franchisee-owned-franchisee-operated (“FOFO”) preschool centres and …