Key Highlights
- IPO Raises S\$16.25 Million: Toku Ltd., a Singapore-headquartered AI-powered customer experience (CX) platform, completed its IPO on the SGX Catalist Board, successfully raising S\$16.25 million at S\$0.25 per Invitation Share.
- Massive Oversubscription: The public offer was 31.9 times subscribed, receiving 1,115 valid applications for 63,888,300 shares, with only 2,000,000 Public Offer Shares available. This signals significant investor demand and potential price momentum at listing.
- Strong Institutional Backing: Top-tier institutions such as Lion Global Investors Limited, Amova Asset Management Asia Limited, Asdew Acquisitions Pte Ltd, and Ginko-AGT Global Growth Fund participated, indicating confidence in Toku’s growth outlook and enterprise strategy.
- First SGX IPO of 2026: Toku is the first company to list on SGX in 2026, potentially attracting additional attention and liquidity.
- Solid Growth Metrics: Toku reported 47% revenue growth and Net Revenue Retention exceeding 150% for Subscription and Licensing revenue streams over the past three years, reflecting robust market demand and customer stickiness.
- Post-IPO Market Capitalisation: The company’s post-IPO market cap stands at S\$142.56 million, based on 570,241,255 shares.
- Trading Information: Shares will trade under the ticker symbol TKU on a “ready” basis from 9:00 am SGT, 22 January 2026.
Shareholder Information & Price Sensitive Factors
- Oversubscription and Institutional Support: The strong oversubscription rate and high-profile institutional participation may lead to upward price pressure at listing and in the near term. Early investors may see significant demand for shares, possibly driving volatility and price movement.
- Use of Proceeds: Management has indicated that the raised capital will be deployed to scale Toku’s platform globally, deepen AI capabilities, and pursue strategic partnerships and acquisitions.
- Growth Strategy: Toku is positioning itself for aggressive expansion, leveraging its expertise in regulated industries and multi-market environments. Expansion plans and potential acquisitions could be price sensitive as they may materially impact future earnings.
- Technology and AI Leadership: Toku’s 360° CX Platform offers advanced AI features such as transcription, summarisation, sentiment analysis, conversation analytics, and governed virtual agents. The company’s end-to-end technology stack and carrier-grade connectivity provide differentiation, making it attractive for enterprises in complex regulatory environments.
- Revenue and Retention: Sustained high growth and net revenue retention above 150% are strong signals of recurring business, which can support premium share valuations.
- Regulatory and Market Complexity: Toku’s expertise in handling regulatory, linguistic, and infrastructure complexities across APAC and global markets is a competitive advantage, but also exposes it to cross-border risks that shareholders should monitor.
Company Background
Headquartered in Singapore, Toku Ltd. is a cloud-native, AI-powered customer experience platform designed for enterprises in complex, multi-market environments. Its modular CX Platform orchestrates customer interactions across voice, chat, email, and digital channels, managing regulatory and infrastructural complexity at scale. Toku is trusted by leading enterprises and public-sector organisations, and is expanding its global footprint rapidly.
The company’s proprietary technology stack includes carrier-grade connectivity and AI applications, enabling secure, reliable, and flexible deployments (cloud, private data centres, hybrid). Its AI capabilities are designed to integrate seamlessly with enterprise systems and customer data, supporting transcription, summarisation, sentiment analysis, and virtual agents.
Investor Contacts
Investor Relations: [email protected]
Media Contact: [email protected]
More Information: toku.co
Disclaimer
This article is provided for informational purposes only and should not be construed as investment advice. Investors are advised to conduct their own due diligence and consult with financial advisors before making any investment decisions. The information is based on the official IPO release and may be subject to change.
View Toku Ltd Historical chart here
