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SKK Holdings Priced, Nasdaq: SKK

Provides civil engineering services for utility projects in Singapore.

Industry: Industrials

Latest Trade: $4.98 0.00 (0.0%)

First Day Return: +51.3%

Return from IPO: +24.5%

Industry: Industrials

We are a civil engineering service provider that specializes in subsurface utility works in Singapore and have participated in numerous public utility projects, including but not limited to power and telecommunication cable laying works, water pipeline works and sewer rehabilitation works. We were founded in 2013 by Mr. Sze, our Chief Executive Officer, together with, among others, Mr. Ng, one of our Executive Directors and our Chief Operating Officer. Our Executive Officers including Mr. Sze, Mr. Ng, Mr. Wong and Mr. Tang have over 28, 26, 18 and 15 years of experience in the field, respectively. As of the date of this prospectus, we were equipped with a fleet of five HDD rigs, 18 excavators and 36 vehicles and a staff over 140. We are one of the five major contractors in Singapore for horizontal directional drilling, or HDD works. Our projects are primarily the subsurface work related to projects undertaken by the Public Utilities Board (PUB) and Singapore Telecommunications Limited, which are our major customers. The nature of these projects is related to repairing of pumping mains, sewer maintenance and pipe cable laying. These projects generally take two to three years to complete.
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IPO Data
IPO File Date 01/29/2024
Offer Price $4.00
Price Range $4.00 - $5.00
Offer Shares (mm) 2.5
Deal Size ($mm) $10
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/08/2024
Offer Price $4.00
Price Range $4.00 - $5.00
Offer Shares (mm) 2.5
Deal Size ($mm) $10
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Bancroft Capital
Company Data
Headquarters Singapore
Founded 2013
Employees at IPO 136
Website www.skkworks.com.sg

SKK Holdings (SKK) Performance