Shares & Derivatives
Credit Bureau Asia Limited IPO – A Defensive Business Model With A 30x PER Valuation
By A Path to Forever Financial Freedom (3Fs)  •  November 27, 2020
Credit Bureau Asia (CBA) has just lodged its final prospectus for an initial share offering that will raise S$53.9 million. This comprises an offering of 28.5 million placement shares and 1.5 million public offering shares at an offer price of S$0.93. Separately from the IPO Offerings, the Cornerstone Investors will subscribe at an aggregate of 28 million new shares at the Offering Price of S$0.93. This constitutes approximately 12.2% of the total number of 230.39 million shares issued as of the date of the listing. The Offering will close at 12 noon on the 1st December 2020, and the trading of CBA shares will commence at 9.00 am on the 3rd December 2020. Introduction Credit Bureau Asia (CBA) is the leading player in the credit and risks information solutions market in Southeast Asia, providing credit and risk information solutions to an extensive client base of banks, financial institutions, MNCs, government bodies, public agencies, and individuals across Singapore, Malaysia, Cambodia, and Myanmar....
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By A Path to Forever Financial Freedom (3Fs)
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