Coliwoo Holding sees high subscriptions in IPO

Firm’s public offer shares were 20.7 times subscribed whilst placement was 7.3 times subscribed.

Coliwoo Holding Limited received what it described as “overwhelming support” for its IPO, with its public offer shares of 5.3 million being 20.7 times subscribed whilst its placement of 75 million shares is 7.3 times subscribed.

The public offer shares were priced at $0.60 each.

Nine cornerstone investors subscribed for an aggregate of 88 million cornerstone shares with an aggregate value of approximately $52.8m, Coliwoo said.

The offering and issuance of cornerstone shares will raise gross proceeds of approximately $101m, it added.

The public offer shares totaled application monies received amounting to approximately $65.9m.

Coliwoo targets to add 800 rooms yearly to reach close to 4,000 rooms by end-2026 as it taps Singapore’s growing co-living market.

Maybank Securities Pte. Ltd. is the issue manager and global coordinator for the offering, whilst Maybank, DBS Bank Ltd., and RHB Bank Berhad are the joint bookrunners and underwriters for the offering.

Follow the link for more news on

Coliwoo

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia