Recruitment group HRnetGroup on Thursday launched a S$174 million initial public offering (IPO) on the Singapore Exchange mainboard at a price of S$0.90 per share for about 193.4 million shares. PHOTO: HRNETGROUP

RECRUITMENT group HRnetGroup on Thursday launched a S$174 million initial public offering (IPO) on the Singapore Exchange mainboard at a price of S$0.90 per share for about 193.4 million shares.

More than half of that, at about 103.9 million shares, will go to cornerstone investors. Of the remaining 89.5 million shares, there will be a public tranche of 3.8 million shares. But that public tranche includes 440,800 shares reserved for the group's directors and employees.

More at http://www.businesstimes.com.sg/companies-markets/hrnetgroup-seeks-to-raise-s174m-with-ipo-at-s090-per-share