US$400 million initial public offering and listing of UltraGreen.ai Limited
Allen & Gledhill advised UltraGreen.ai Limited, as transaction counsel, on its initial public offering (“IPO”) and listing on the Mainboard of the Singapore Exchange Securities Trading Limited (“SGX-ST”).
The IPO, together with a concurrent sale to cornerstone investors, raised gross proceeds of approximately US$400 million.
The IPO of UltraGreen.ai Limited is the largest non-REIT Mainboard listing on the SGX-ST since 2017, with a market capitalisation of approximately US$1.6 billion at listing.
Advising UltraGreen.ai Limited and the selling shareholder, Renew Group Private Limited, were Allen & Gledhill Partners Tan Tze Gay, Rhys Goh and Kern Wong.
