YCS Group Holdings, which provides corporate and consulting services to SMEs in Singapore, lowered the proposed deal size for its upcoming IPO on Monday.
The Singapore-based company now plans to raise $11 million by offering 2.5 million shares at a price range of $4 to $5. The company had previously filed to offer 3 million shares at the same price range. At the revised deal size, YCS Group Holdings will raise 17% less in proceeds than previously anticipated and command a market cap of $101 million.
The company is a Singapore-based provider of corporate and consulting services. Its offerings include company incorporation, accounting and finance, tax compliance, visa and immigration, and advisory services related to cross-border business expansion. The firm serves both foreign companies establishing operations in Singapore and local enterprises pursuing international growth, with clients across industries such as manufacturing and construction, trade, and professional services. As of March 31, 2025, it had clients in more than 20 countries and regions.
YCS Group Holdings was founded in 2019 and booked $2 million in revenue for the 12 months ended March 31, 2025. It plans to list on the NYSE American but has not yet selected a ticker (RC ticker: YCSG.RC). American Trust Investment Services and Prime Number Capital are the joint bookrunners on the deal.
