Starburst shares up by more than a third on debut

STARBURST Holdings, which designs firearms-training facilities, made an impressive entrance on Singapore's Catalist board yesterday.

It came out of the gates at 43 cents per share - 12 cents, or 38.7 per cent higher than its initial public offering (IPO) price of 31 cents.

The counter reached a high of 44 cents for the day but also slipped to a low of 40.5 cents, before closing at 42 cents, up 35.5 per cent. More than 12 million shares were traded.