Singapore-based Mobile-health Network Solutions, commonly known as MNDR, has successfully completed its initial public offering (IPO), marking a new chapter in the company’s expansion. The IPO saw MNDR offering 2.25 million Class A Ordinary Shares to investors at a price of $4.00 each, culminating in a gross total of $9 million before expenses.
The newly issued shares commenced trading on the NASDAQ Stock Market under the ticker symbol “MNDR” on April 10, 2024, signaling strong market confidence in the future of digital health services.
Network 1 Financial Securities, Inc., renowned for its comprehensive brokerage services, managed the IPO as the exclusive book-runner. The legal intricacies of the offering were navigated with the expertise of Sidley Austin LLP, Rajah & Tann Singapore LLP, and Harney Westwood & Riegels Singapore LLP, serving as legal advisors in the U.S., Singapore, and the Cayman Islands respectively. Loeb & Loeb LLP represented Network 1’s legal interests in the United States.
The offering was executed in accordance with MNDR’s registration statement on Form F-1, which was previously endorsed by the U.S. Securities and Exchange Commission on March 27, 2024. Interested parties are encouraged to consult the final prospectus for a detailed understanding of the offering, available through Network 1 Financial Securities, Inc. or the SEC’s official website.