Hot stock: LHN retreats from early gains
SHARES of real estate management services firm LHN Limited, which debuted on Catalist on Monday, lost ground from early-trading gains.
The stock surged as much as 13 per cent to S$0.26 from its initial public offering (IPO) price of S$0.23 on its first day of trading, before falling back to S$0.23 as at 10.15am.
It sold 73.9 million shares to private investors. No retail tranche was offered. LHN's share sale raised S$17 million, and it is the first IPO in Singapore this year.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Porsche posts Q1 profit drop on ramp-up costs
IBM plots US$730 million expansion of Canadian semiconductor site
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly