You are here

Slow debut for POSH shares on SGX

They close 1¢ higher than IPO price of $1.15; total offering of 252.02 million shares about three times subscribed

Singapore SINGAPORE'S largest stock offering of the year, PACC Offshore Services Holdings (POSH), got off to a slow start yesterday, rising one cent on its first day of trading on the Singapore Exchange (SGX) mainboard. Its shares opened at S$1.13 yesterday, lower than its IPO price of $1.15,