Mazars supports iWOW Technology Limited in its successful IPO

Mazars in Singapore is pleased to assist iWOW Technology Limited in its successful Initial Public Offering (IPO) listing on the Catalist board of the Singapore Exchange (SGX). This is the firm’s second successful IPO project for the year 2022.

iWOW Technology, a technology provider specialising in integrated wireless Internet of Things (IoT) solutions offered as a service is known for its key role as the token maker for TraceTogether, a digital system implemented by the Singapore government to facilitate contact tracing.

The company lodged its prospectus for a Catalist listing on 30 December 2021. The listing serves to enlarge its customer base, increase its market reach, enhance research and solution development activities and expand its business through partnerships and investments.

Mazars supported iWOW Technology by acting as its reporting accountant. iWOW Technology seeks to sell a total of 26 million shares to raise gross proceeds of about $6.5 million. The shares officially began trading on 14 April 2022.
The engagement was led by the following Mazars team who facilitated this significant milestone:

At the close of placement at noon on 12 April 2022, all 26 million placement shares were validly subscribed for, with indications of interest received for some 78 million shares. This signals that the IPO was approximately 3 times subscribed.
On 14 April 2022, iWOW Technology made its trading debut on the Catalist board at S$0.275, up 10 percent or S$0.025 from its IPO price of S$0.25.

Caption: The Mazars in Singapore team at the iWOW Technology IPO Listing Ceremony on 14 April 2022.
Mazars extends its heartiest congratulations to iWOW Technology and its engagement team on this incredible milestone!