Considerations are ongoing and details such as the offering size and timing could change, the people said.
UltraGreen didn’t respond to requests for comment.
Singapore has yet to host an IPO this year, though France’s Praemia REIM and Japan’s Nippon Telegraph & Telephone Corp. are considering listing real estate investment trusts in the city-state, Bloomberg News has reported.
There were four listings in Singapore in 2024, raising a total of $34.4 million, according to data compiled by Bloomberg. Singapore Institute of Advanced Medicine Holdings Pte’s was the biggest, raising about $19.5 million.
See also: IPOs are tumbling out, but delistings are still going on
UltraGreen’s customers include AdventistHealth, Cleveland Clinic and Mayo Clinic, the Singapore-based company’s website shows.
