Singapore food court operator Koufu Group Ltd has filed for a IPO on the SGX Catalist board. Summary of listing details as follows:
Offer price: $0.63
Total shares offered: 97,008,000
Placement shares: 90,675,000
Public shares: 6,333,000
Closing date for application: 16 July 2018 12pm
Commencement of training: 18 July 2018
Full prospectus can be found here.
Here’s my thoughts on the salient points of this listing.
1. Company Profile and Business Model
Koufu operates 2 key divisions, Outlet and mall management, and F&B retail largely in Singapore, with 1 food court in Macau.