Mazars assists Alpina Holdings in its successful IPO

Alpina Holdings, a local-based contractor specialising in providing integrated building services (IBS), mechanical and electrical (M&E) engineering services, and alteration addition (A&A) works to public and private sector projects, launched its IPO listing on 28 January 2022. This is the first IPO listing for 2022 for the CATALIST Board.

Alpina Holdings is offering 37 million shares, comprising of 32 million new ordinary shares and 5 million existing ordinary shares held by two existing shareholders at 31 cents per share.

At the close of the application list on 26 January 2022, all 37 million placement shares were subscribed for and/or purchased. Through this IPO, Alpina Holdings raised $11.5 million. 

The engagement was led by the following Mazars team members, who worked closely together with the client to achieve this significant milestone:

• Ooi Chee Keong, Partner in Audit & Assurance
• Tan Shen Way, Senior Manager in Audit & Assurance
• Chan Wai Peng, Manager in Audit & Assurance

Caption: The Mazars in Singapore team at the Alpina Holdings IPO Listing Ceremony on 28 January 2022.

Mazars extends its heartiest congratulations to Alpina Holdings and the Mazars engagement team on achieving this exciting milestone!