HomesToLife, a home furnishings retailer with six locations in Singapore, raised $5 million by offering 1.25 million shares at $4.00, the low end of the range of $4.00 to $6.00.
HomesToLife plans to list on the Nasdaq under the symbol HTLM. Tiger Brokers acted as sole bookrunner on the deal.
Through its principal operating subsidiary, HomesToLife Singapore, founder-owned HomesToLife sells leather and fabric upholstered furniture as well as case goods (e.g. coffee tables, dining table, bedding) and accessories sourced from China through six retail locations in Singapore under its own brand as well as select third-party brands. Going forward, the company plans to expand both in Singapore and other APAC countries.
