Mi Material Holding, a supplier of precision solder spheres for advanced semiconductor packaging, will start trading on the Singapore Exchange (SGX) Mainboard on 28 October 2026 after raising about S$215 million (US$168 million) through its IPO and cornerstone placement.

The company said subscriptions and indications of interest reached about S$305 million (US$238 million), or 2.2 times the shares available in the offering.

At its IPO price of S$1.80 (US$1.4) per share, Mi Material is expected to list with a market capitalisation of about S$891 million (US$696 million).

Mi Material said first-half 2026 revenue rose to US$53.7 million, while net profit reached US$14.3 million.

The company also said preliminary estimates put third-quarter 2026 revenue at US$37.8 million.

🔗 Source: Mi Material Holding Limited