IPO_SGX: MINDCHAMPS PRESCHOOL LIMITED (S$0.83)

The company is the first pre-school operator here to be listed on the Singapore exchange. It is offering 30.4 million shares at S$0.83 each and the company valued at S$200.5 million.

As at Oct 30, MindChamps has sold a total of 109 licences under unit franchise agreements and master franchise arrangements. Its preschool franchise licence fees in Singapore have increased from S$55,000 in 2008 to S$150,000 - which is “an endorsement by the market of the value of the MindChamps franchise”, the company said.
 

 

Counter: MCHAMPS
Offer price: S$0.83