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
Edmund got to know the world of portals and marketplaces working at Mitula Group (which became Lifull Connect after the buyout in 2018). He worked directly with hundreds of portals across the world in his role in the content department for three and a half years before transferring to the SEO department to understand the inner workings of listings sites. He joined Online Marketplaces as Head of Content in March 2020.

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

Purplebricks Profit 1
Purplebricks Slashes Prices as New Owner Vows to 'Disrupt' Once Again

The new owner of Purplebricks has cut prices in his first move since snapping up the beleaguered portal for just...

Read More
Homesnap Closure
CoStar Group to 'Sunset' Homesnap in Favor of Homes.com

CoStar is set to sunset Homesnap and replace it fully with the Group's in-house brand Homes.com by the end of...

Read More
Powerleads Ai Zumper
Zumper Latest Portal to Integrate ChatGPT Plugin

Zumper, a leading provider of rental industry software, has announced its collaboration with OpenAI's artificial intelligence engine, ChatGPT. The partnership...

Read More
Meta Egypt
Meta Egypt Launch Announced as Estate Waves and Coldwell Banker Egypt Team Up

Real estate marketing company Coldwell Banker Egypt has teamed up with Estate Waves to announce the launch of a new...

Read More

Editor's Pick