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.
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