India, April 9 -- OThree Limited, a provider of maritime digital technologies including satellite connectivity and digitalization solutions in Singapore with a focus on facilitating the maritime industry towards digital transformation, announced the pricing of its initial public offering of an aggregate of 2.10 million ordinary shares of par value $0.00625 per share, at a public offering price of US$4.00 per share. Of these, 1.65 million shares will be offered by the company itself, while 450,000 shares will be offered by the selling shareholders.
The company expects to receive aggregate gross proceeds of US$6.6 million from the offering, before deducting underwriting discounts and other related expenses.
The company said it will not rece...