The Business Times
business-time-50
SUBSCRIBERS

Analysts cite timing and pricing as Soo Kee makes dismal debut

Only 8 Catalist listings this year, with most trading either flat or below IPO prices

google-preferred-sourceAdd BT as a preferred source
Published Thu, Aug 20, 2015 · 09:50 PM
    IPOs in 2015

    Singapore

    RETAIL jeweller Soo Kee Group fell 5.5 Singapore cents or 18 per cent to close at S$0.245 on its first trading day on Thursday on the Singapore Exchange Catalist board. Its initial public offering (IPO) price was S$0.30.

    Some attributed it to unfortunate timing, saying it started trading on a poor-sentiment day when most of the Straits Times Index constituents finished in the red.

    IPO

    TRENDING NOW

    Beyond structural portfolio shifts, the study highlighted paradoxes regarding intergenerational wealth planning and succession.

    Nearly half of Apac’s wealthy expect market crash or correction, plan to rotate to cash: study

    The departure of food manufacturing operations from Singapore may not necessarily be reason for concern.

    Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned

    Over the five trading sessions, 22 primary-listed companies conducted buybacks with a total consideration of S$88.9 million.

    AGT raises Nam Cheong stake; Silchester increases holdings of ComfortDelGro

    KSL's Khoo Lee Feng says it is "not so much what you study, but how you learn".

    Johor property old hand KSL readies family handover amid market boom

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More