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Hot stock: Katrina Group surges on trading debut
SHARES of food and beverage firm Katrina Group on Tuesday surged 83 per cent to S$0.385 on its trading debut from its initial public offering (IPO) price of S$0.21. Nearly 22 million shares changed hands as at 10.13am.
The Catalist-listed group placed out 35.8 million new shares to raise gross proceeds of S$7.5 million.
Katrina started off as a small stall named Katrina Nasi Padang at the Junction 8 shopping mall's Food Junction, and now owns and operates 32 restaurants in Singapore and two in China.