iOThree Limited Announces Pricing of Initial Public Offering
Singapore, April 09, 2025 – iOThree Limited, a pioneering maritime technology company based in Singapore, announced the pricing of its Initial Public Offering (IPO) today. The Company plans to sell an aggregate of 2,100,000 ordinary shares, with a par value of $0.00625 per share, at a public offering price of US$4.00 per share.
Company’s Offering
Of the total shares offered, 1,650,000 are from the Company itself, and 450,000 are from the selling shareholders. The Company expects to receive gross proceeds of US$6.6 million from the Offering, excluding underwriting discounts and other expenses. The Company will not receive any proceeds from the selling shareholders’ shares.
Underwriters’ Option
The underwriters have been granted a 45-day option (the “Over-Allotment Option”) to purchase up to 247,500 additional ordinary shares to cover potential over-allotments at the IPO price, less underwriting discounts.
Trading and Closing of the Offering
The Company’s ordinary shares are scheduled to begin trading on the Nasdaq Capital Market on April 10, 2025, US Eastern time, under the ticker symbol “IOTR”. The Offering is expected to close on April 11, 2025, subject to customary closing conditions.
Impact on Individuals
The success of iOThree’s IPO may lead to an increase in demand for maritime digital technologies, potentially creating new employment opportunities for professionals with expertise in satellite connectivity, digitalization solutions, and other related fields. Furthermore, the growing interest in digital transformation within the maritime industry could lead to higher salaries and career advancement opportunities for individuals with the necessary skills.
Impact on the World
iOThree’s IPO marks a significant step towards digital transformation within the maritime industry. The Company’s focus on satellite connectivity and digitalization solutions can lead to increased efficiency, improved communication, and enhanced safety measures for maritime operations worldwide. Furthermore, the success of iOThree’s IPO may encourage other maritime technology companies to follow suit, leading to increased innovation and competition in the market.
Conclusion
iOThree Limited’s Initial Public Offering marks a pivotal moment in the maritime industry’s digital transformation journey. The Company’s focus on satellite connectivity and digitalization solutions can lead to numerous benefits, including increased efficiency, improved communication, and enhanced safety measures for maritime operations. The success of the IPO may also create new employment opportunities and career advancement possibilities for professionals with expertise in these areas. Additionally, the growing interest in digital transformation within the maritime industry could lead to a ripple effect, inspiring other companies to invest in and innovate within the sector.
- iOThree Limited’s IPO marks a significant step towards digital transformation within the maritime industry.
- The Company’s focus on satellite connectivity and digitalization solutions can lead to increased efficiency, improved communication, and enhanced safety measures for maritime operations.
- The success of the IPO may create new employment opportunities and career advancement possibilities for professionals with expertise in these areas.
- The growing interest in digital transformation within the maritime industry could inspire other companies to invest and innovate within the sector.
