Medical supplies company Pasture ends below IPO price on Catalist debut, to expand into pet health segment

MEDICAL supplies company Pasture on Friday (Jun 9) closed at S$0.245, falling 2 per cent or S$0.005 from its initial public offering (IPO) price of S$0.25, on its first day of trading on the Catalist board of the Singapore Exchange. 

The counter opened at S$0.22, sliding 12 per cent from its IPO price. As at 9.15 am, the counter had traded at S$0.22, with 95,000 shares having changed hands. It later recorded a high of S$0.25.

The company had raised net proceeds of S$3.1 million from the sale of 20 million placement shares.