Trading under the ticker symbol OMH, the company offered 3,775,000 ordinary shares at US$4 apiece, valuing the company at US$15.1 million.
Noticing a lack of transparency and efficiency when it came to buying, selling and renting property, they started Ohmyhome in 2016 to provide end-to-end services to the mass market.The duo believe that listing Ohmyhome on Nasdaq would bring more visibility to the brand, and are confident in securing the targeted investment.
“I think for us not paying dividends is really just what we've been doing all these years, which is to reinvest everything that we have back into the company. We are heavily invested in our growth, and we'll continue to do that,” said Rhonda.
The pain is being felt from the US to China, while prices continue to fall in Australia and New Zealand.Singapore's property market is starting to see demand cool. The property market will also not be as bad as what most people envisioned last year, when there were fears of an impending recession, she added.
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