Credit Bureau Asia launches IPO of 30m shares

These will value at $0.93 per share.

Credit Bureau Asia (CBA) has announced its initial public offering of 30m shares at $0.93 per share.

The offering is comprised of 1.5m public shares and 28.5m of placement shares.

Of the 30m offering shares, 1m are new shares to be issued by CBA whilst 29m shares are vendor shares to be sold by CBA’s Executive Chairman and CEO Kevin Koo and Executive Director William Lim. The offering shares in aggregate will represent approximately 13% of the total number of 230,390,000 issued shares at the date of listing.

The offering will close at noon on 1 December 2020. The listing and trading of CBA’s shares is expected to commence at 9.00 a.m. on 3 December 2020.