Singapore Based TEB Ohmyhome Floats on The Nasdaq

March 22, 2023
Share this Post: 

The Singapore-based tech-enabled brokerage firm Ohmyhome has announced that it has made its public debut on the Nasdaq on Wednesday with the stock ticker 'OMH'.

The stock debuted at $4 per share and closed for the day at $4.07.

The float saw the sale of 3.7 million ordinary shares with 2.8 of those coming directly from Ohmyhome and the rest coming from Anthill Corporation, a company incorporated in Singapore and owned 50% each by Ohmyhome founders Rhonda and Race Wong.

According to its prospectus document, Ohmyhome generated SGD 4.4 million (USD 3.3 million) in 2021 with Net losses of SGD 1.9 million (USD 1.4 million).

Ohmyhome is primarily a tech-enabled brokerage business that describes itself in its prospectus as a "one-stop-shop property platform which provides end-to-end property solutions". The company does renovations, mortgage and insurance referrals and legal services as well as being a listing and research platform.

The company operates in Singapore as well as in Malaysia and the Philippines.

March 22, 2023
Since March 2020 Edmund's job has been to read about, write about, collect data on, analyse and generally know about real estate marketplaces and the companies that run them. Before that he worked at the aggregator Mitula Group (which became Lifull Connect) for five years.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Rent.com .Au Q3 Revenus Up
Rent.com.au Q3 2024 Financial Statement: Record Quarterly Revenues of A$890,000

The rental portal operator Rent.com.au has released a report on its activities for Q3 of the Australian financial year. Highlights...

Read More
Schibsted Q1 Group Revenues Down Classifieds Revnues Up
Schibsted Revenues Down Slightly YoY in Q1 Filings

Schibsted, the Norwegian conglomerate that operates marketplaces in the Nordics, Europe and Latin America, has released its Q1 2024 numbers...

Read More
Untitled Design 12
Adevinta Takeover to Complete by June 2024

Adevinta has received regulatory approval for its imminent acquisition by Aurelia Bidco Norway, comprised of the Permira and Blackstone consortium....

Read More
Hiring Roundup 26 April
People Roundup: Lamudi Philippines, Private Property

This week's hiring roundup is shorter, but our two stories both come straight from the C-suite.   Lamudi Philippines hires...

Read More