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PropNex clarifies away discrepancies to register IPO to raise $38 mil

IPO

PropNex clarifies away discrepancies to register IPO to raise $38 mil

Benjamin Cher Published on Mon, Jun 25, 2018 / 10:43 PM GMT+8

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SINGAPORE (June 25): PropNex Realty has launched its initial public offering to raise $38 million, becoming the second real estate brokerage to list on the Singapore Exchange after APAC Realty.

PropNex's prelim IPO prospectus attracts unwanted attention over discrepancies

The company is offering 42.5 million shares at 65 cents each, with 40.375 million shares placed to institutional and other investors in Singapore and internationally. The remaining 2.125 million shares will be offered to the public.

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