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Singapore-based proptech Simpple (SPPL) has narrowed its proposed initial public offering in the US to $7 million from $9 million.
Simple said in the SEC file It is now looking to offer 1.6 million shares priced between $4 and $5, which would raise about $7 million if Middle priced.
The company hopes to list its shares on the Nasdaq Stock Exchange under the symbol SPPL. Maxim Group acts as the lead book manager.
Simple said in an F-1 filing in April that it was interested in raising about $9 million by offering 2 million shares at a price of between $4 and $5.
The company, incorporated in the Cayman Islands, specializes in facility automation solutions such as workflow management software and robotic scrubbers.
In March, Singapore’s Proptech Omihome (OMH), which operates a “one-stop-shop” real estate platform, raised $11 million through an initial public offering in the US.