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Attika Group eyes expansion into Malaysia, manufacturing sector after IPO

Offering proceeds to be used towards expanding into new markets, capacity building, enhancing technology adoption and diversifying into new sectors

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Mia Pei

Mia Pei

Published Mon, Nov 18, 2024 · 05:00 AM
    • Managing director and executive chairman Steven Tan is also the controlling shareholder of Attika, with 84.6 per cent stake in the company post IPO placement.
    • Managing director and executive chairman Steven Tan is also the controlling shareholder of Attika, with 84.6 per cent stake in the company post IPO placement. PHOTO: ATTIKA GROUP

    SHARES of Singapore Exchange (SGX) newcomer Attika Group have been on a tear since its initial public offering (IPO).

    For its listing on the Catalist board, the company issued 21 million placement shares at S$0.22 per share, with no public tranche.

    In its debut on Nov 8, the counter closed at S$0.235 – some 6.8 per cent above its IPO price. And it has continued to climb.

    SGXIPO

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