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Fitness Champs Holdings Limited Announces Pricing of Initial Public Offering
Globenewswireยท 2025-09-04 12:30
Core Viewpoint - Fitness Champs Holdings Limited has announced the pricing of its initial public offering (IPO) of 3,750,000 ordinary shares at a public price of US$4.00 per share, aiming to raise US$8.0 million in gross proceeds [1][2]. Group 1: Offering Details - The IPO consists of 3,750,000 ordinary shares, with 2,000,000 shares offered by the Company and 1,750,000 shares by selling shareholders [1]. - The shares are approved for listing on the Nasdaq Capital Market and trading is expected to commence on September 4, 2025, under the ticker symbol "FCHL" [1]. - The Offering is expected to close on or about September 5, 2025, subject to customary closing conditions [1]. Group 2: Use of Proceeds - Net proceeds from the Offering will be allocated to strengthen the coaching team, marketing and branding, business development in aquatic sports, potential strategic acquisitions, repayment of loans from the controlling shareholder, and general working capital [2]. Group 3: Company Background - Fitness Champs Holdings Limited is a prominent aquatic sports education provider in Singapore, offering swimming lessons and aquatic sports classes [6]. - The Company is one of the largest providers of swimming lessons to children in public schools through the SwimSafer program and has been operating since 2012 [6]. - The Company's mission is to make swimming enjoyable and affordable for all, promoting water safety and fitness [6].