Simpple Ltd.

Simpple Ltd. (SPPL) priced its initial public offering on Sep 13, 2023 at $5.25 per share, within its $5.25–$6.25 range, raising $8.4M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $84.3M. Drew & Napier, Loeb & Loeb and Harneys advised the company and Hunter Taubman Fischer & Li advised the underwriters.

SIMPPLE LTD., headquartered in Singapore, is a PropTech solution provider helping facility owners and managers run facilities autonomously. Its ecosystem automates workflows in building maintenance, security surveillance and janitorial services, and it distributes cleaning robots that customers can buy or lease.

Status

IPO

Ticker

SPPL

Exchange

Nasdaq Capital Market

Priced

Sep 13, 2023

IPO price

$5.25

Price range

$5.25–$6.25

Raised

$8.4M

Market cap at IPO price

$84.3M

First filed

Apr 3, 2023

Company counsel

Drew & Napier, Loeb & Loeb and Harneys

Underwriters' counsel

Hunter Taubman Fischer & Li

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.