Toku public offer 31.9 times oversubscribed in $16.25m IPO

Toku will list 22 Jan under TKU after raising $16.25m from 65.0m shares, with the placement fully taken by noon 20 Jan.

Toku has raised $16.25m in its initial public offering on SGX Catalist, with the offering fully subscribed.

The IPO was priced at $0.25 per Invitation Share and comprised 65.0m shares, including 2.0m Public Offer Shares and 63.0m Placement Shares.

Toku said the Public Offer was 31.9 times subscribed, with 1,115 valid applications for 63.89m shares, against the 2.0m shares available. The placement tranche was fully subscribed by 12.00 noon on 20 January 2026.

Based on the invitation price and a post-invitation issued share capital of 570.24m shares, Toku’s post-IPO market capitalisation is $142.56m. Trading of the shares is expected to commence on a ready basis at 9:00 am Singapore time on 22 Jan. under the ticker TKU.

The company said institutional participants in the placement included Lion Global Investors, Amova Asset Management Asia, Asdew Acquisitions, and Ginko-AGT Global Growth Fund.

It also cited 47% revenue growth and net revenue retention of more than 150% for its subscription and licensing revenue stream over the past three years.

PrimePartners Corporate Finance acted as sponsor, issue manager, underwriter, and co-placement agent for the IPO, whilst CGS International Securities Singapore acted as co-placement agent.

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