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Econ Healthcare relists on Catalist with first-day premium of 3.6% to its IPO price

Published Tue, Apr 20, 2021 · 05:50 AM
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Singapore

PRIVATE nursing home operator Econ Healthcare closed 3.6 per cent higher than its initial public offering price (IPO) of S$0.28 upon relisting on the Catalist board of the Singapore Exchange on Monday.

The stock ended the day at S$0.29, with some 16.6 million shares changing hands throughout the course of the day.

On April 16, the company said that it received applications from investors for 86.9 times the number of shares available in the public portion of its initial public offering (IPO). With 1.8 million shares a…

SEE ALSO
Econ Healthcare posts H2 S$1.3m net loss after losing S$3.4m from selling Crosstec stake
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