Fitness Champs Holdings Limited (FCHL), a prominent aquatic sports education provider in Singapore, saw its stock soar 7% in intraday trading following the announcement of its initial public offering (IPO) pricing. The company priced its IPO at $4.00 per ordinary share, with trading expected to commence on the Nasdaq Capital Market under the ticker symbol "FCHL".

The IPO consists of 3,750,000 ordinary shares, with 2,000,000 shares offered by the company and 1,750,000 by selling shareholders. Fitness Champs anticipates receiving aggregate gross proceeds of US$8.0 million from the offering, before deducting underwriting discounts and other related expenses. The offering is being conducted on a firm commitment basis, with Bancroft Capital, LLC acting as the lead managing underwriter and book-runner.

Fitness Champs Holdings Limited, known for its swimming lessons and aquatic sports classes, plans to use the net proceeds to strengthen its coaching team, enhance marketing and branding efforts, expand into other aquatic sports, and explore potential strategic acquisitions. The successful IPO and positive market response highlight investor confidence in the company's growth prospects within the aquatic sports education sector.