YY Group 1.125M Share IPO Prices at $4 a Share

Dow Jones04-20

By Stephen Nakrosis

YY Group Holding on Friday said it planned to price its initial public offering of 1.125 million Class A ordinary shares at $4 a share.

At that level, aggregate gross proceeds from the offering would be about $4.5 million, the company said.

The Singapore-based company filed for a 1.5 million share IPO, which was expected to be priced between $4 and $5, in November of last year.

Shares are expected to begin trading on the Nasdaq Capital Market on April 22 under the symbol YYGH.

YY Group said it is data and technology driven and focused on developing enterprise intelligent labor matching services and smart cleaning services.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

April 19, 2024 17:13 ET (21:13 GMT)

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