It isn't every day that you hear of a Catalist-listed company in Singapore taking one of its subsidiaries to IPO on the SGX Mainboard. The opposite seems more logical, but apparently this is happening today, with Procurri announcing its IPO offer of $0.56 per share a few days ago. Never heard of them? They were formerly known as ASVIDA, so if you're looking to research a little more on their industry track record, searching on that past history might give you a little more insights like it provided me. The IPO prospectus is a lengthy 440 pages, so it took me quite a while before I was able to distil my thoughts into the analysis below. Here's what I think. Background For those interested in the growth of the data centre industry, Procurri might catch your eye. Its three main businesses are (i) the resale of excess or used ......