JE Cleantech Holdings, which makes cleaning equipment and provides dishwashing and cleaning services in Singapore, raised $15 million by offering 3.8 million shares (20% secondary) at $4, as expected.
JE Cleantech has been selling cleaning systems since 2005 and makes a broad range of products, including aqueous washing systems, plating and cleaning systems, train cleaning systems, and other equipment. The company has been providing centralized dishwashing services for the food and beverage industry since 2013, and expanded into general commercial cleaning services in 2015.
JE Cleantech Holdings plans to list on the Nasdaq under the symbol JCSE. ViewTrade acted as sole bookrunner on the deal.