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SIMPPLE Priced, Nasdaq: SPPL

Provides industrial robotic cleaning equipment in Singapore.

Industry: Technology

Latest Trade: $0.72 0.00 (0.0%)

First Day Return: -6.7%

Return from IPO: -86.3%

Industry: Technology

We were founded in 2016, and our initial focus was on the development of a robotic cleaning solution. As cleaning operations usually cover a large area of space, the then-existing robotic solutions and machinery were bulky and not fit for Singapore’s infrastructure. Through the design and development of minimal human intervention cleaning robotics, we were able to build a solution to match the specific facility cleaning needs of Singapore’s skyscraper dominant environment. We understood that robotics should not be a standalone solution. Instead, we realized the merits of a fully automated Smart Building model with the integration of robotic solutions. We believe that our ecosystem-focused solution will create more value to building owners and facility managers as often times, data inputs alone are insufficient for efficient operations. Decision-making logic and intelligent task allocation to deployable assets must be built into the platform solution in order to achieve autonomous operations within a facility. The SIMPPLE Ecosystem has market penetration across various industries in Singapore, including being adopted by 209 out of 432, or slightly less than half of the schools in Singapore as of April 2021. Out of the 29 hospitals in Singapore as of 2021, 7 hospitals have adopted the SIMPPLE Ecosystem in the past. Furthermore, 4 out of 6 autonomous universities in Singapore, and leading property developers and facilities services companies in Singapore have also adopted the SIMPPLE Ecosystem in the past.
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IPO Data
IPO File Date 04/03/2023
Offer Price $5.25
Price Range $5.25 - $6.25
Offer Shares (mm) 1.6
Deal Size ($mm) $8
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 09/12/2023
Offer Price $5.25
Price Range $5.25 - $6.25
Offer Shares (mm) 1.6
Deal Size ($mm) $8
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Maxim Group LLC
Company Data
Headquarters Singapore
Founded 2016
Employees 35
Website www.simpple.com.sg

SIMPPLE (SPPL) Performance