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.
We'll start this week's People Roundup in Europe... Europe: OLX Group names new CMO OLX Group has appointed Andrew...
Read More
We have a couple of interesting investments and divestments for you this week... North America: Move Inc. sells Moving.com to...
Read More
A class action lawsuit has been filed against Zillow Group and some of the Company’s senior executives for securities fraud...
Read More
This week's Product Roundup features launches in the UK, UAE, Sweden, Korea, and Canada. As is customary at this point,...
Read More
