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Analysts cite timing and pricing as Soo Kee makes dismal debut

Only 8 Catalist listings this year, with most trading either flat or below IPO prices

Soo Kee Group.jpg
Retail jeweller Soo Kee Group fell 5.5 Singapore cents or 18 per cent to close at S$0.245 on its first trading day on Thursday on the Singapore Exchange Catalist board. Its initial public offering (IPO) price was S$0.30.

Singapore

RETAIL jeweller Soo Kee Group fell 5.5 Singapore cents or 18 per cent to close at S$0.245 on its first trading day on Thursday on the Singapore Exchange Catalist board. Its initial public offering (IPO) price was S$0.30.

Some attributed it to unfortunate timing, saying it

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