Class A1 financing round of Penguin Securities Holdings Pte. Ltd.
Allen & Gledhill, as transaction counsel, advised Penguin Securities Holdings Pte. Ltd. (“Penguin”) on its Class A1 financing round to a range of investors. The completion of the Class A1 financing round brings the amount raised over the course of Penguin’s pre-Series A fund raising to a total of US$18 million (“Funds”).
The Funds will be used by Penguin to expand its suite of institutional-grade investment products and services, address the needs of qualified and institutional investors, and meet increasingly sophisticated market demands. Penguin will also leverage the Funds to explore new business opportunities, pursue strategic opportunities and build a resilient investment environment to enable its investors and clients to invest with confidence.
Penguin provides products relating to digital payment tokens (“DPT”), DPT derivatives and traditional capital markets products such as fixed income instruments, forex, equities and commodities, focusing on family offices and institutional and accredited investors.
Advising Penguin was Allen & Gledhill Partner Nicholas Soh.
