First Russian SGX-listed firm Don Agro makes decent debut
Stock opens nearly 14% above IPO price and ends the day 9% higher
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.
TRENDING NOW
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
US-China rivalry and the Kindleberger Trap: Why inaction – not escalation – is the biggest risk
Middle East-linked energy supply shocks put Asean Power Grid back in focus
As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?