Singapore's Trans-cab prices IPO at top of range

The taxi cab operator, the second-largest in the Lion City, has secured six cornerstone investors and is benefiting from better market conditions.

Singapore's Trans-cab prices IPO at top of range

Taxi cab operator Trans-cab Holdings has launched its Singapore initial public offering at the top of its targeted price range and aims to raise up to S$114.2 million $91.3 million in the process.

The issuer, the second-largest taxi operator in the Lion City, is offering 168 million shares, representing a quarter of the company's enlarged share capital.

Trans-cab had sought to price the shares at between S$0.65 and S$0.68 per share...

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