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Ohmyhome Ltd (NASDAQ:OMH) shares are trading lower by 27% to $1.65 Wednesday morning after the company announced the pricing of an upsized public offering of 3,555,555 ordinary shares at $1.35 per share.
The gross proceeds from the offering, before expenses, are anticipated to be around $4.8 million. The offering is set to close on February 16, pending customary closing conditions. Maxim Group LLC is serving as the sole placement agent for the offering.
Ohmyhome is a property technology platform based in Singapore, offering property solutions including buying, selling, renting, renovating homes and property management services for condominiums.
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Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Ohmyhome’s case, it is in the Real Estate sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from Benzinga Pro, OMH has a 52-week high of $57.00 and a 52-week low of $0.90.
Posted In: OMH
