SUBSCRIBERS

First Russian SGX-listed firm Don Agro makes decent debut

Stock opens nearly 14% above IPO price and ends the day 9% higher

Anita Gabriel
Published Fri, Feb 14, 2020 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Singapore

IT wasn't quite the sharp pop of a bottle of Shampanskoye but Russian agri and dairy firm Don Agro International pulled off a decent debut on the Singapore Exchange's Catalist on Friday.

The stock opened nearly 14 per cent above the initial public offering (IPO) price and ended the day 9 per cent higher.

Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

Copyright SPH Media. All rights reserved.