Based on the given price, Aedge's market capitalisation will be pushed up to S$21.2 million after the placement. This translates to a price-to-earnings ratio of 59 times.
"With the proceeds raised, we look forward to embarking on the next phase of our growth strategy, which will see us strengthen the depth and breadth of services offered by each of our three business segments." Aedge said it plans to utilise the proceeds raised from its IPO to strengthen its core capabilities and further its business strategies and future plans through means such as the acquisition of property, plant and equipment.
In order to"remain competitive and keep abreast of rapidly changing technologies in security systems", Aedge said it also intends to develop and test new security solutions in line with market needs, hire new staff and upgrade its human resource software to support its expanding operations.