Ohmyhome, which operates a real estate brokerage and property services platform in Singapore, raised $15 million by offering 3.8 million shares (26% secondary) at $4, the low end of the range of $4 to $5. The company had originally planned to raise the same amount by offering 3.3 million shares (100% primary) at the midpoint, but lowered the primary share offering to 2.8 million shares and added about 1 million shares of insider selling.
On Tuesday afternoon, the company announced the pricing, and its trading that day. After briefly breaking issue at the open, the stock spent most of the afternoon a few percent above offer, before closing the day at the $4 IPO price.
Ohmyhome provides end-to-end property solutions and services for both the Housing Development Board of Singapore and the private property market, which comprises brokerage and other services, such as home renovation services, listing and research, and insurance referral services.
Ohmyhome listed on the Nasdaq under the symbol OMH. Prime Number Capital acted as sole bookrunner on the deal.
