Primech Holdings Ltd

Primech Holdings Ltd (PMEC) priced its initial public offering on Oct 11, 2023 at $4.00 per share, raising $12.2M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $142.2M. Baker McKenzie and Loeb & Loeb advised the company and ArentFox Schiff advised the underwriters.

Primech Holdings Ltd is a technology-driven facilities services provider to public and private sector clients, operating mainly in Singapore with a small portion of operations in Malaysia.

Status

IPO

Ticker

PMEC

Exchange

Nasdaq Capital Market

Priced

Oct 11, 2023

IPO price

$4.00

Raised

$12.2M

Market cap at IPO price

$142.2M

First filed

Mar 31, 2022

Company counsel

Baker McKenzie and Loeb & Loeb

Underwriters' counsel

ArentFox Schiff

Sector

Business services

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.