Ohmyhome Limited (Nasdaq: OMH), a data-driven property technology company based in Singapore, recently announced “the closing of its initial public offering of 3,775,000 ordinary shares at a price of $4.00 per share.”
The offering “consisted of 2,800,000 ordinary shares issued and sold by Ohmyhome and 975,000 ordinary shares sold by the selling stockholder named in the prospectus.”
Ohmyhome did “not receive any proceeds from the sale of shares by the selling stockholder.”
Ohmyhome is “listed on Nasdaq Capital Market under the ticker symbol ‘OMH’.”
The Offering is being conducted on “a firm commitment basis.”
Prime Number Capital LLC acted “as the sole book runner for the offering. SBI China Capital Financial Services Limited acted as the co-manager.”
Ortoli Rosenstadt LLP “acted U.S. counsel to Ohmyhome, and Sichenzia Ross Ference LLP acted as U.S. counsel to Prime Number Capital LLC in connection with this offering.”
The offering was “made only by means of a prospectus.”
A registration statement “relating to the sale of these securities was filed with the Securities and Exchange Commission and was declared effective on March 20, 2023 (File Number: 333- 268691).”
As noted in the update, Ohmyhome claims it is “a one-stop-shop property technology platform based in Singapore, which provides end-to-end property solutions and services to end customers directly to help them buy, sell, rent, renovate their homes and more with a single application.”
Ohmyhome further claims it is dedicated “to bringing speed, ease, and reliability to property-related services industry, and to become the most trusted and comprehensive property solution for everyone.”
Founded in 2016 by sisters Rhonda Wong (CEO) and Race Wong (CPO), Ohmyhome was started with one goal – “to make housing transactions simple, efficient and affordable.”
This comes with a firm belief “that everyone, regardless of socioeconomic status, should have access to quality and reliable home transacting resources.”
What started as a free self-served platform for users “to list and search for homes has evolved into a one-stop shop property platform providing end-to-end services for all.”