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Strong first-day trading for iX Biopharma

Shares close trading up 21.7 per cent at S$0.56 after intra-day high of S$0.64

Published Wed, Jul 22, 2015 · 09:50 PM

Singapore

SPECIALTY pharmaceutical company iX Biopharma made a strong trading debut on the Singapore Exchange Catalist board on Wednesday.

Shares of iX Biopharma, the second healthcare company in less than two months to breathe life into an otherwise moribund initial public offering (IPO) market, kicked off trading at S$0.495, 3.5 Singapore cents or 7.6 per cent above its IPO price of S$0.46.

After an intra-day low of S$0.49, the stock galloped to an intra-day high of S$0.64 before closing at S$0.56, up up 10 cents or 21.7 per cent fr…

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