Skubbs Holdings, a Singapore-based provider of app development and platform ad services, filed on Monday with the SEC to raise up to $8 million in an initial public offering.
Through its operating subsidiary in Singapore, the company generates revenue from two service lines: IT solutions, which include web and mobile application development and maintenance and support services; and platform advertisement services, which it provides through Dee.Market, its online marketplace platform launched in 2022. Since its inception, Skubbs has developed over 800 mobile and web applications for customers across a variety of industries including healthcare, technology, and financial services, among others.
The Singapore-based company was founded in 2013 and booked $1 million in revenue for the 12 months ended June 30, 2023. It plans to list on the Nasdaq under the symbol SKUB. Skubbs Holdings filed confidentially on June 9, 2023. Revere Securities is the sole bookrunner on the deal. No pricing terms were disclosed.
