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YY Group Holding Priced, Nasdaq: YYGH

Provides smart cleaning services and a labor marketplace in Singapore and Malaysia.

Industry: Industrials

Latest Trade: $1.62 0.00 (0.0%)

First Day Return: -27.5%

Return from IPO: -59.5%

Industry: Industrials

Since our inception in 2010, we have established ourselves as a trusted and experienced manpower supplier in the traditional recruitment industry. In June 2019, we digitalized our traditional staffing processes by introducing our proprietary technology innovation of an online marketplace for manpower outsourcing, the YY Circle Super App (“YY App”). Our manpower outsourcing service segment is anchored by the YY App, which is a one-stop intelligent manpower outsourcing platform that simplifies and streamlines the staffing process for our customers. Our platform supports a growing online community and network of users looking for both part-time and full-time work from our customers that come from a broad range of industries including hotels, food and beverage, and private clubs. As of June 30, 2023, we have a total of 170 customers, with 72 customers in cleaning services business and 98 customers in the manpower outsourcing business. For YY App, we recorded 379,149 downloads, and 112,441 total active users by June 30, 2023, increasing from 266,267 downloads and 80,292 total active users recorded as of June 30, 2022. The daily, weekly, and monthly active users as of June 30, 2023 were 2,859, 7,255 and 17,982 respectively, and we have conversion and average retention rates of approximately 29.7% and 16.0% respectively.
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IPO Data
IPO File Date 11/13/2023
Offer Price $4.00
Price Range $4.00 - $5.00
Offer Shares (mm) 1.1
Deal Size ($mm) $5
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 04/19/2024
Offer Price $4.00
Price Range $4.00 - $5.00
Offer Shares (mm) 1.1
Deal Size ($mm) $5
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Tiger Brokers
Company Data
Headquarters Singapore
Founded 2010
Employees at IPO 771
Website yygroupholding.com

YY Group Holding (YYGH) Performance