Toku Ltd., a Singapore-incorporated artificial intelligence (AI)-powered customer experience (CX) platform, announced Wednesday the successful close of its initial public offering, raising S$16.25 million ($12.65 million) at S$0.25 per invitation share.
The company said in a statement that it will be listed on the Catalist Board of the Singapore Exchange Securities Trading Limited (SGX-ST) following the completion of the offering, marking the first SGX IPO of 2026.
“This IPO reflects the confidence investors have in our vision to reimagine customer experience for enterprises,” said Thomas Laboulle, Founder and Chief Executive Officer of Toku.
“With the capital raised, we will scale our platform globally, deepen our AI capabilities, and grow through strategic partnerships and acquisitions,
“We have always thrived where complexity is greatest, and this listing allows us to bring that strength to more businesses worldwide,” he added.
Based on the Invitation Price and the post-Invitation share capital of the company of 570.24 million shares, the company’s post-IPO market capitalization is S$142.56 million ($111.01 million).
The IPO attracted participation from institutional investors including Lion Global Investors Limited (as investment manager for and on behalf of its clients), Amova Asset Management Asia Limited, Asdew Acquisitions Pte Ltd and Ginko-AGT Global Growth Fund, strengthening the Company’s shareholder base and positioning Toku for its next phase of growth.
The successful listing also builds on Toku’s reported 47 percent revenue growth and net revenue retention exceeding 150 percent for its subscription and licensing revenue stream over the past three years, reflecting strong market demand for its AI-driven CX solutions.
The invitation was in respect of 65 million invitation shares, comprising 2 million public offer shares at S$0.25 ($0.19) for each public offer share by way of a public offer in Singapore, and 63 million placement shares at S$0.25 ($0.19) for each Placement Share by way of placement.
The public offer drew strong interest, with 1,115 valid applications for 63.89 million public offer shares received, representing a subscription rate of 31.9 times.
PrimePartners Corporate Finance Pte. Ltd. is the Sponsor, Issue Manager, Underwriter and Co-Placement Agent for the IPO, while CGS International Securities Singapore Pte. Ltd. is the Co-Placement Agent.
Toku helps enterprises deliver seamless, intelligent, and scalable customer interactions.
Built as a cloud-native solution, the firm enables organizations across multiple markets to improve engagement, operational efficiency, and customer satisfaction, combining advanced AI capabilities with deep expertise in serving regulated industries and diverse markets.
Singapore’s AI-powered customer experience platform Toku launches SGX IPO in 2026