Trans-cab to pick up passengers for S$120m SGX IPO

Taxi 230x150
By Christina Khouri
06 Nov 2014

Singaporean taxi operator Trans-cab opened books for its IPO on November 5, just one day after it filed a preliminary prospectus, and is aiming to raise S$120m ($92.6m).

Trans-cab is offering up to 188m shares, with 65m shares (36%) going to cornerstone investors — Eastspring Investments, FIL Investment Management, Havenport Asset Management, Lion Global Investors and Maxi-Harvest Group.

“We decided to go with the deal now because we have seen a lot of regulator and cornerstone ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial