Singapore-based IoT technology provider $iWOW Technology Limited(NXR.SG)$ was listed on the Catalist board of the Singapore Exchange (SGX) today.
iWOW had on Apr 6 launched its IPO, looking to sell a total of 26 million shares to raise gross proceeds of about S$6.5 million.
The stock opened its first trade at S$0.275, up 10% from its IPO price. It hit an intraday high of S$0.285, rising as high as 14%.
iWOW appointed Futu SG (moomoo) to be main IPO placement agent, in what is considered the first digital brokerage to be given this role for a company listing on SGX.
It is also worth noting that the subscriber number of Futu SG in Singapore is No.1.
Established in 1999, iWOW Technology is a homegrown Singapore technology provider specializing in offering comprehensive IoT (Internet of Things) solutions.
Through differentiated, innovative, and customized product offerings, iWOW Technology is well-positioned to capture the robust tailwinds and megatrends disrupting the productivity deadlock, empowering sustainable growth through technology, and leveraging on the demographic tailwinds of the region.