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Singapore’s UltraGreen.ai to start trading after $400m IPO
UltraGreen.ai will start trading on the Singapore Exchange on December 3, after raising US$400 million in an IPO, the city’s largest non-REIT listing since 2017.
The company provides fluorescence technology for surgical imaging, and shares were priced at US$1.45 each.
Singapore IPOs have raised more than US$1.5 billion so far in 2025, on track for the highest level since 2019.
UltraGreen.ai said it will use the funds for product development, corporate purposes, strategic investments, and acquisitions.
Major investors include Aberdeen Group Plc and AIA Investment Management Pte Ltd, with Citigroup Inc. and DBS Group Holdings Ltd. arranging the listing.
🔗 Source: Bloomberg
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