The Trendlines Group, an Israeli medical and agricultural technology incubator, launched an initial public offering (IPO) on the Catalist board on Monday.
Trendlines is offering 75.8 million shares at 33 cents each to raise $25 million gross proceeds.
The offer price is pegged at 1.4 times the price-to-book ratio of Trendlines’ net tangible assets value as of Jun 30.
Trendlines started operations in 2007 and has since established and incubated 60 portfolio companies.
It says 17 of these companies are at the “commercialisation” stage and are generating revenue.
Five portfolio companies have also been acquired by or sold their assets to multinational corporations.
Currently, Trendlines operates through its two subsidiaries Trendline Medical and Trendline Agtech, and its own internal innovation centre, Trendline Labs.
Trendlines says it will use to proceeds raised to expand Trendline Labs and invest in current and new portfolio companies.
In addition, it expects to use $5 million of the capital to establish new incubators, including one in Singapore by 2016.
Trendlines will make its trading debut on Nov 26.
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Trendlines is offering 75.8 million shares at 33 cents each to raise $25 million gross proceeds.
The offer price is pegged at 1.4 times the price-to-book ratio of Trendlines’ net tangible assets value as of Jun 30.
Trendlines started operations in 2007 and has since established and incubated 60 portfolio companies.
It says 17 of these companies are at the “commercialisation” stage and are generating revenue.
Five portfolio companies have also been acquired by or sold their assets to multinational corporations.
Currently, Trendlines operates through its two subsidiaries Trendline Medical and Trendline Agtech, and its own internal innovation centre, Trendline Labs.
Trendlines says it will use to proceeds raised to expand Trendline Labs and invest in current and new portfolio companies.
In addition, it expects to use $5 million of the capital to establish new incubators, including one in Singapore by 2016.
Trendlines will make its trading debut on Nov 26.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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