Singapore, Sept. 13, 2023 - SIMPPLE Ltd., a technology solution provider in the property-technology (PropTech) industry, has successfully completed its Initial Public Offering (IPO) on the Nasdaq Stock Market, raising approximately US$8.4 million at an offer price of US$5.25 per ordinary share. This IPO marks a significant milestone for the company, reflecting its growth and commitment to revolutionize the facilities management industry. SIMPPLE now trades under the ticker symbol "SPPL."
Headquartered in Singapore, SIMPPLE LTD. is an advanced technology solution provider in the emerging PropTech space, focused on helping facilities owners and managers manage facilities autonomously. Founded in 2016, the Company has a strong foothold in the Singapore facilities management market, serving over 60 clients in both the public and private sectors and extending out of Singapore into Australia and the Middle East. The Company has developed its proprietary SIMPPLE Ecosystem, to create an automated workforce management tool for building maintenance, surveillance and cleaning comprised of a mix of software and hardware solutions such as robotics (both cleaning and security) and Internet-of-Things (“IoT”) devices..
"We are delighted to embark on this new chapter in our company's history," said Mr Aloysius Chong, Founder and Chief Executive Officer (CEO) of SIMPPLE Ltd. "The
successful IPO is a testament to the hard work and dedication of our team, as well as the confidence of our investors in our vision for the future. We are excited about the opportunities ahead and remain committed to delivering cutting-edge solutions that make a positive impact."
For more information, visit www.investor.simpple.ai.
Media Inquiries:
The Hoffman Agency – simppleus@hoffman.com
Investor Relations:
SIMPPLE Ltd. Investor Relations Department – ir@simpple.ai
Ascent Investor Relations LLC – tina.xiao@ascent-ir.com