IPO - Skubbs Holdings Ltd
Form Type: F-1
Filing Date: 2025-02-24
Corporate Action: Ipo
Type: New
Accession Number: 000149315225008057
Filing Summary: Skubbs Holdings Limited has filed a registration statement for an initial public offering (IPO) of 2,000,000 ordinary shares. The company plans to offer 1,750,000 shares through this filing while allowing selling shareholders, Market Lead Ventures Limited and Purple Wealth Limited, to offer an additional 250,000 shares. The expected price range for the shares is between $4.00 and $5.00 per share. Skubbs Holdings, incorporated in the Cayman Islands and operating mainly in Singapore, has been primarily focused on providing digital solutions and application development. The company has reported a notable decrease in total revenue over recent years, indicating fluctuations in business performance. The company’s ordinary shares are anticipated to list on the Nasdaq under the symbol 'SKUB'. As a controlled company under Nasdaq Marketplace Rule 5615(c), 77.54% of the total issued shares would be held by Market Lead Ventures Limited, owned by the company’s CEO, which signals a concentrated voting power structure. The prospectus outlines various business strategies, competitive strengths, and risk factors associated with the company's future performance.
Additional details:
Address: 180 Bencoolen Street, #05-05, Singapore 189646
Telephone Number: +65 6717 6688
Agent For Service: Cogency Global Inc.
Agent Address: 122 East 42nd Street, 18th Floor New York, New York 10168
Agent Telephone Number: 800-221-0102
Underwriters: Underwriters named in the 'Underwriting' section of the public offering prospectus.
Total Offering Shares: 2000000
Shares By Company: 1750000
Shares By Selling Shareholders: 250000
Naics Code: 7371
Pricing Range: {"min":4,"max":5}
Anticipated Listing: Nasdaq
Listing Symbol: SKUB
Controlled Company Status: Controlled company as per Nasdaq Marketplace Rule 5615(c)
Emerging Growth Company: 1
Gross Proceeds: {"company_shares":7875000,"selling_shareholders":1125000}
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