Singapore’s Sarment Holding to raise up to $25.1 mln in IPO

Singaporean luxury lifestyle services provider Sarment Holding has filed a second amendment to its prospectus in connection with its proposed initial public offering (IPO) of its ordinary shares at an offering price of between C$3.15 ($2.39) and C$3.25 ($2.47) per ordinary share.

Sarment Holding also plans to raise a minimum of C$19 million ($14.45) and a maximum of C$33 million ($25.1 million). It also plans to raise up to C$53 million ($40.3 million) in its initial filing. 

The company has applied to have its ordinary shares on the TSX Venture Exchange under the symbol SAIS.

The offering is made a basis by Haywood Securities Inc. as lead agent and sole book runner. Canaccord Genuity Corp., Cormark Securities Inc. and Paradigm Capital Inc. make up the rest of the underwriting syndicate.