{"id":13376,"date":"2023-09-05T15:40:51","date_gmt":"2023-09-05T12:40:51","guid":{"rendered":"https:\/\/www.robomarkets.com\/blog\/?p=13376"},"modified":"2024-01-30T16:27:27","modified_gmt":"2024-01-30T13:27:27","slug":"top-3-largest-ipos-scheduled-for-september-2023","status":"publish","type":"post","link":"https:\/\/www.robomarkets.com.cy\/blog\/stock-market\/ipo\/top-3-largest-ipos-scheduled-for-september-2023\/","title":{"rendered":"Top 3 Largest IPOs Scheduled for September 2023"},"content":{"rendered":"\n

Simpple Ltd., RoyaLand Company Ltd., and Solowin Holdings Ltd. are on the Top 3 list of companies with the largest IPOs by market capitalisation scheduled for September 2023.<\/p>\n\n\n\n

Today we will explore the issuers’ business models, the outlook for their target markets, and the details of their scheduled initial public offerings. We will also look at the financial position of these companies and list their strengths and weaknesses.<\/p>\n\n\n\n

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<\/span><\/a>1. Simpple Ltd. IPO – 92.5 million USD<\/span><\/h2>\n\n\n
<\/rg-instrument><\/div>\n\n\n\n

Year of registration:<\/strong> 2016<\/p>\n\n\n\n

Registered in:<\/strong> Singapore<\/p>\n\n\n\n

Headquarters:<\/strong> Singapore<\/p>\n\n\n\n

Sector:<\/strong> technology<\/p>\n\n\n\n

Date of IPO<\/a>:<\/strong> 05.09.2023<\/p>\n\n\n\n

Exchange:<\/strong> NASDAQ<\/p>\n\n\n\n

Ticker:<\/strong> SPPL<\/p>\n\n\n\n

Simpple Ltd. develops software products for digitalising construction processes, helping clients automate and streamline their workflow.<\/p>\n\n\n\n

\"Organisational<\/a>
Organisational chart of Simpple Ltd.*<\/em><\/figcaption><\/figure>\n\n\n\n

Investments raised (as at 30.06.2022) amount to 1.4 million USD.<\/p>\n\n\n\n

The main investors are IFSC Founders Pte. Ltd and Mains d’Or Investments Limited.<\/p>\n\n\n\n

<\/span><\/a>The outlook for Simpple’s target market<\/span><\/h3>\n\n\n\n

According to a report by Gen Consulting Company, the Singapore real estate management market was valued at 0.97 billion USD in 2021 and could reach 1.12 billion USD by 2028. The compound annual projected growth rate from 2022 to 2028 inclusive is 2.1%.<\/p>\n\n\n\n

<\/span>Simpple’s financial performance<\/span><\/h3>\n\n\n\n
\"Financial<\/a>
Financial performance of Simpple Ltd.*<\/em><\/figcaption><\/figure>\n\n\n\n

Revenue for 2022: 4.86 million USD, +55.8%<\/p>\n\n\n\n

Net loss for 2022: 0.59 million USD<\/p>\n\n\n\n

Net cash flow (as at 31.03.2023): −0.16 million USD<\/p>\n\n\n\n

Cash and cash equivalents (as at 31.12.2022): 0.4 million USD<\/p>\n\n\n\n

Liabilities (as at 31.12.2022): 4.1 million USD<\/p>\n\n\n\n

<\/span><\/a>Strengths and weaknesses of Simpple<\/span><\/h3>\n\n\n\n

Strengths:<\/p>\n\n\n\n