LHN Limited (HK 1730, SG 41O) released an overseas regulatory announcement concerning Coliwoo Holdings Limited (Company Registration No. 202027332D). Coliwoo Holdings, a co-living operator in Singapore, plans to offer 80.3 million shares in its initial public offering (IPO) on the Singapore Exchange (“SGX”), comprising 75.0 million Placement Shares and 5.3 million Public Offer Shares. The offer price is set at S$0.60 per share.

Nine cornerstone investors have entered into subscription agreements for new shares valued at an aggregate of approximately S$52.8 million. These investors include Albizia Capital Pte. Ltd., Avanda Investment Management Pte. Ltd. (on behalf of certain investment funds and/or managed accounts), B&I Capital Pte. Ltd., ICHAM Master Fund VCC, Maybank Asset Management Singapore Pte. Ltd., Maybank Securities Pte. Ltd. (on behalf of certain high-net-worth clients), UOB Asset Management Ltd, Value Partners Hong Kong Limited, and Whitefield Capital Management Pte. Ltd.

Post-offering, share capital will stand at 480.8 million shares, implying a market capitalisation of approximately S$288.5 million at listing. Coliwoo Holdings intends to use the gross proceeds of roughly S$101.0 million for expansion and enhancement of its co-living business, loan repayments, and general working capital.

Coliwoo Holdings, established in 2018, currently manages close to 3,000 rooms located across prime central areas and high-demand residential clusters in Singapore. It transforms old or underutilised properties into modern co-living spaces under the “Coliwoo” brand, while also leasing to third-party operators and providing property enhancement or management services.

Trading of the shares on the SGX Mainboard is expected to commence on 6 November 2025 at 9.00 a.m. A final prospectus is available for download from the Monetary Authority of Singapore’s OPERA website and the SGX website.