Q&M Dental Group, a private dental group based in Singapore, plans to raise net proceeds of S$17.9 million ($12.9 million U.S.) in an initial public offering (IPO) that opened yesterday, according to a story on channelnewsasia.com.
Q&M is offering 74 million new shares at 27 Singapore cents/share ($0.19/share U.S.) each. The company plans to list on the Singapore Exchange Mainboard.
Established in 1996, Q&M has become one of the largest private dental healthcare service providers in Singapore, with 36 dental clinics islandwide, according to channelnewsasia.com.
The IPO will close on November 24.
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