is headquartered in Singapore-based Info-Tech and currently operates in four countries. The company's human resources management software has more than 23,000 corporate customers and 850,000 active users, and the accounting software launched four years ago has more than 1,000 customers.
In addition, it has received nine cornerstone investors subscribed to a total of 41.144,000 shares or 35.8 million yuan in shares. These cornerstone investors include Dymon Asia Multi-Strategy Investment Master Fund and Nikko Asset Management Asia Limited.
After the company opened, its share price once rose by 0.98 yuan, with a trading volume of 1.8 million shares. As of 9:55 a.m., the stock price fell back to 0.94 yuan.
Software company Info-Tech Systems was officially listed on the SGX main board on Friday (July 4), with a market opening price of 0.95 yuan, 9.2% higher than the initial public offering (IPO) price of 0.87 yuan per share.
Info-Tech released a news report on Thursday (3rd) that the initial public offering received a subscription rate of about 7.3 times, 5 million shares for the public subscribed, and 1,636 valid subscriptions, with a total subscription of 72.055,600 shares.
It is the first pure-play SaaS human resources management and accounting software provider to be listed on the SGX.
Group's revenue and net profit in fiscal year 2024 reached RMB 43.7 million and RMB 12.3 million respectively. As of the end of last year, the company's net cash was RMB 29.7 million and there were no bank loans.