HRnetGroup rises above IPO price on debut

Singapore

THE counter of homegrown recruitment agency HRnetGroup rose as much as 6.7 per cent to S$0.96 on Friday morning on its first day of trading, above its initial public offering (IPO) price of S$0.90 per share.

It opened at S$0.95 and eventually ended the trading day at S$0.925, 2.8 per cent above its IPO price. Some 17.5 million shares changed hands, landing it among the top 20 most active counters on the bourse.