Toku Ltd., a Singapore-based AI-powered customer experience (CX) platform, has completed its initial public offering (IPO), raising S$16.25 million (about $12.65 million) by selling shares at S$0.25 each.
The company said it will be listed on the Catalist Board of the Singapore Exchange (SGX-ST) after the offering is completed, making it the first IPO on the SGX in 2026.
Founded with the goal of transforming how businesses engage with customers, Toku uses artificial intelligence to offer advanced cloud communication and customer experience (CX) solutions across the Asia-Pacific region.
Its platform helps companies manage customer interactions more easily, improve customer satisfaction, and operate more efficiently, making Toku a strong player in the fast-growing CX software market.
Reports say Toku’s IPO received a strong response, showing high investor interest in AI technologies and their ability to change industries.
The company plans to use the $12.65 million raised to support its expansion plans, grow its presence in key markets, and invest more in research and development.
Toku’s successful listing highlights Singapore’s growing role as a hub for technology innovation and a popular place for IPO launches in the region.
The company’s IPO may encourage other local startups to consider going public, helping strengthen the SGX Catalist as a platform for fast-growing companies.
At the same time, Toku will face challenges such as strong competition in the CX software market and the need to keep innovating to stay ahead.
Still, with solid investor support and a strong focus on AI-powered solutions, Toku is well placed to benefit from the rising demand for smart customer engagement tools. Many in the industry will be watching closely to see how Toku shapes the future of customer experience in a digital-first world.
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