The latest update is out from Basel Medical Group Ltd ( (BMGL) ).
On February 25, 2025, Basel Medical Group Ltd announced the pricing of its initial public offering (IPO) of 2,205,000 ordinary shares at US$4.00 per share, raising gross proceeds of US$8,820,000. The shares commenced trading on the Nasdaq Capital Market under the ticker symbol ‘BMGL’. The company plans to use the net proceeds for potential mergers and acquisitions, business expansion, and daily operations. This IPO marks a significant step for Basel Medical Group in enhancing its market presence and expanding its operational capabilities, potentially benefiting stakeholders through increased growth and service offerings.
More about Basel Medical Group Ltd
Basel Medical Group Ltd is a Singapore-based provider specializing in orthopedic and trauma services, sports medicine and surgery, orthopedic procedures, and neurosurgical treatments. With over 20 years of experience, the company has established strong relationships with corporations in industries such as construction, marine, and oil & gas. Basel Medical Group is well-positioned to capitalize on growth opportunities in the private healthcare sector across Southeast Asia, driven by factors like aging populations, rising incomes, and increased private insurance coverage.
YTD Price Performance: -6.08%
Average Trading Volume: 1,044,359
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