, Singapore
367 views
Photo from SGX

Niks Professional launches IPO to raise $3.3m

The company is offering 21.8 million shares at $0.23 apiece.

Niks Professional has launched its initial public offering (IPO), listing 21.8 million ordinary shares on the catalist of the Singapore Exchange Securities Trading Limited (SGX-ST).

The company expects to raise $3.3m of net proceeds from the IPO and plans to use it for different purposes.

The company plans to use $0.8m of the proceeds for organic expansion through the opening of new clinics and outlets, recruitment of healthcare and management professionals, purchase of new equipment, and expansion of its medical skincare products.

Meanwhile, the company will utilise $2.2m to grow its business through acquisitions, joint ventures, and/or strategic alliances. 

The remaining $0.3m will be used for general working capital purposes. Additionally, the company reported a net profit of S$2.8m in FY2022.

The offering will close on 25 October 2023 at noon. Commencement of trading shares is set for 27 October 2023, 9 am.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Singapore’s new law weaves safety net for gig workers
Gig workers will be enabled to secure their retirement, benefit from improved workplace safety, and gain greater visibility within the industry.
HR & Education
Here’s how Gen Z consumer preference reshapes APAC’s marketing landscape
Gen Z consumers are observed to purchase based on pleasure and purpose, whilst being conscious of cost and convenience.

Event News

Event News

SBR National Business Awards 2024 Winner: Wiseasy Technology Pte Ltd Cards & Payments
Lay Cheng Tan, Co-Founder & Chief Investment Officer, and Mayank Raheja, Managing Director (EMEA & SA) of Wiseasy Technology Pte Ltd, provided insights into preventing fraud and inefficiency with the WiseQ QR Payment Solution.
Cards & Payments SBR National Business Awards 2024 Winner: Wiseasy Technology Pte Ltd
Lay Cheng Tan, Co-Founder & Chief Investment Officer, and Mayank Raheja, Managing Director (EMEA & SA) of Wiseasy Technology Pte Ltd, provided insights into preventing fraud and inefficiency with the WiseQ QR Payment Solution.