JCSE News

So far in 2022, IPO activity has been dominated by small, volatile issuers. Of the year’s 51 pricings to date, 19 (37%) have soared 100% or more in their debuts, while one-in-ten have jumped at least 500%. But those with the largest first-day pops have posted some of the worst losses in the aftermarket. ...read more

The IPO market cooled off with just one small IPO this past week, joined by one SPAC. The pipeline also saw little activity, with two IPOs and three SPACs submitting initial filings. Singapore-based JE Cleantech Holdings (JCSE) raised $15 million at a $60 million market cap. The company makes a broad range of cleaning equipment and systems, and also provides...read more

JE Cleantech Holdings, which makes cleaning equipment and provides dishwashing and cleaning services in Singapore, raised $15 million by offering 3.8 million shares (20% secondary) at $4, as expected. JE Cleantech has been selling cleaning systems since 2005 and makes a broad range of products, including aqueous washing systems, plating and cleaning systems, train cleaning systems...read more

JE Cleantech Holdings, which makes cleaning equipment and provides dishwashing and cleaning services in Singapore, filed on Thursday with the SEC to raise up to $15 million in an initial public offering. The Singapore-based company plans to raise $15 million by offering 3.8 million shares (20% secondary) at a price of $4. At the the proposed deal size, JE Cleantech Holdings would...read more