Nov 23 SSB

AZTECH GLOBAL IPO: WHAT YOU NEED TO KNOW

Dear readers, Aztech Global IPO was launched on the SGX on 4 Mar 2021, just two days ago. The launching of the IPO is quite refreshing to the Singapore stocks markets as it has been some time since the Singapore stock markets have seen an IPO for public subscription. Without further ado, let us get to the nuts and bolts of Aztech Global IPO.

Aztech will be offering 68.12 million shares at S$1.28 of which only around 5% or 3.5 million shares are offered to the public. Aztech’s market capitalisation will be around S$990 million based on the offer price and the enlarged post-IPO share capital of 773.73 million shares.

The Public Offer opened on 5 Mar 2021 and will close at 12pm on 10 Mar 2021. Aztec is expected to commence trading on 12 Mar 2021 based on a “ready” basis. Aztech’s business is on providing one-stop design and manufacturing services for its key products in products like IoT Devices and Data-communication.

Aztech Global is the technology unit of Aztech Group. Aztech Group was taken private in 2016. I have not invested in Aztech Group before but the first thing that came to my mind when talking about Aztech Group is none other than Kay Lee Roast Meat. Yes, the $4 million deal that Aztech Group had with Kay Lee Roast in 2014 . The news made headline news then.

Speaking about Roast meat, I feel hungry now and it is also time for lunch. If case I forget to answer your question, I am not interested in Aztech Global IPO as in general, I do not like to subscribe to IPOs.

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