Singapore-headquartered flexible workspace operator JustCo Holdings is targeting to raise around SG$100 million through an initial public offering on the Singapore bourse, according to a company release on Friday.

The company will offer around 32.1 million shares at SG$0.94 each, with cornerstone commitments of around SG$69.8 million representing 70% of the total amount.

Meanwhile, the public offer will open on May 15 and will close on May 20, with the company slated to make its debut on the SGX-ST on May 22.

The IPO and cornerstone issuance are expected to raise gross proceeds of about $100m million, the filing said.