Singapore-based staffing services firm ELC Group sets terms for $6 million US IPO

ELC Group Holdings, a Singapore-based staffing services firm, has announced terms for its $6 million IPO, planning to offer 1.3 million shares priced between $4 and $6. At the midpoint, the company would have a market value of $131 million. Founded in 2020, ELC Group provides manpower services across various industries and offers a mobile app for job seekers and employers. It aims to list on Nasdaq under the symbol ELCG, with D. Boral Capital as the sole bookrunner.