{
  "id": 16758751,
  "title": "Mi Material’s public offer of 77.5 million shares 2.1 times subscribed",
  "url": "https://urgent.news/2026/10/27/mi-materials-public-offer-of-77-5-million-shares-2-1-times-subscribed",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-27T15:12:47.000Z",
  "source": {
    "name": "The Business Times - Singapore",
    "slug": "the-business-times-singapore",
    "url": "https://www.businesstimes.com.sg/companies-markets/mi-materials-public-offer-77-5-million-shares-2-1-times-subscribed"
  },
  "original_language": "en",
  "account": "Singapore-headquartered semiconductor advanced packaging materials manufacturer Mi Material's IPO has seen overwhelming demand, with applications for its 77.5 million shares nearly three times the amount offered. This marks Singapore's largest semiconductor listing since ST Assembly Test Services in 2000, with the company pricing its shares at S$1.80 each. The offering was split between a Singapore public offering of 6.2 million shares and an international offering of around 71.3 million shares. Mi Material received subscriptions and indications of interest totaling approximately S$294 million, including participation from investors like AR Capital and Fullerton Fund Management. The company, under the leadership of CEO Kevin Tan, plans to use the gross proceeds from the IPO to bolster its expansion efforts and enhance its research and development capabilities.",
  "summary": "Another 41.9 million new shares go to seven cornerstone investors",
  "key_points": [
    "Mi Material's IPO saw 77.5 million shares with 2.1 times subscription",
    "Singapore's largest semiconductor listing since 2000",
    "IPO gross proceeds of S$294 million from investors like AR Capital"
  ],
  "editors_take": "The massive investor demand for this semiconductor listing signals a renewed appetite for advanced packaging material specialists and provides the necessary capital to accelerate regional research and development expansion.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}