Springview Holdings, which designs and constructs residential and commercial buildings in Singapore, filed on Friday with the SEC to raise up to $9 million in an initial public offering.
The Singapore-based company plans to raise $9 million by offering 2 million shares at a price range of $4 to $5. At the midpoint of the proposed range, Springview Holdings would command a market value of $99 million.
Springview's projects cover four main types of work: new construction, which entails demolition of an existing house for a new build; reconstruction, which involves replacement of a substantial part of a house; additions and alterations, in which it focuses on minor modifications to existing structures within an existing building's requirements; and other general contracting services, such as renovation and design consultation.
Springview Holdings was founded in 2002 and booked $10 million in revenue for the 12 months ended December 31, 2023. It plans to list on the Nasdaq under the symbol SPHL. The company filed confidentially on December 20, 2023. Univest Securities is the sole bookrunner on the deal.
