POSH shares stagnating since its mainboard listing
Macquarie Warrants, which has listed call warrants on POSH, 'disappointed'
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DESPITE being the year's biggest IPO offering in Singapore to date, PACC Offshore Services Holdings (POSH) has failed to excite investors and the stock has stagnated since its listing.
With an IPO price of $1.15 per share, POSH stocks started trading on the SGX mainboard on April 25. After more than a week of trading, the share price has stagnated, trading between $1.13 and $1.20.
It closed on Monday at $1.15, as it did on seven of the 10 days it has traded.
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