Marble producer launches IPO

A PREMIUM-quality marble producer has launched an initial public offering (IPO), seeking to list on the Catalist board of the Singapore Exchange.

Terratech Group Limited, a Singapore business, launched its IPO of 108.7 million shares, comprising 43.5 million new shares and 65.2 million vendor shares, at S$0.23 per share on Monday.

At that IPO price per share, the estimated gross proceeds will come in at S$25 million.