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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

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.

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