LY Corp closes 19% higher on first trading day

Singapore

SHARES of LY Corporation closed on Wednesday - its first day of trading on the Singapore Exchange's Catalist board - at S$0.31, 19.2 per cent higher than its initial public offering (IPO) price of S$0.26.

A total of about 17.2 million shares worth S$5.1 million changed hands.

The counter opened at S$0.285 on Wednesday and hit an intraday high of S$0.315. It was trading at S$0.29 shortly after the market opened, with some 6.8 million shares changing hands. The stock was among the top 20 counters in terms of volu…