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Kin Global launches $10.1m Catalist IPO at $0.23 per share

The firm aims to raise $7.4m in net proceeds.

Kin Global Limited has registered its offer document for an initial public offering (IPO) on the Catalist board of the Singapore Exchange, offering 1 million shares at $0.23 each by way of public offer.

The invitation also comprises 23.93 million placement shares at the same price, including reserved shares.

Separate from the invitation, cornerstone investors have agreed to subscribe for 19.17 million shares at $0.23 each.

The investors include Amova Asset Management Asia Limited, Apricot Capital Pte. Ltd., Asdew Acquisitions Pte. Ltd., Ginko-AGT Alpha Fund VCC, ICHAM Master Fund VCC, Qilin Wealth Fund Pte. Ltd., and Rudolf Jurgen August Rolles.

The IPO represents a total deal size of about S$10.1m, including cornerstone subscriptions.

The company expects to raise net proceeds of approximately $7.4m from the offering and the cornerstone tranche.

The application list will close on 21 April 2026 at 12:00 p.m., with trading expected to begin on 23 April at 9:00 a.m.

SAC Capital Private Limited is the sponsor, issue manager, underwriter, and placement agent in relation to the IPO.  

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