Secura opens lower on trading debut
Add BT as a preferred source
Nisha Ramchandani
DeeperDive is a beta AI feature. Refer to full articles for the facts.
SECURITY solutions provider Secura Group, which made its debut on the Catalist board of the Singapore Exchange on Thursday morning, opened at 24.5 Singapore cents before sliding to 24 cents in early trading.
This was below its initial public offering (IPO) price of 25 cents per share. Some 17.61 million shares had changed hands by 9.51am.
Meanwhile, Secura's warrants were trading at S$0.01 around the same time.
Each Secura share came with two detachable warrants, with the warrants trading separately on Catalist. Each warrant can be converted to one new share at an exercise price of S$0.35 during its three-year exercise period.
Secura Group said its initial public offer was approximately 2.2 times subscribed.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
