Medinex opens 14% above IPO price on debut

Singapore

MEDICAL support services company Medinex made its Catalist debut on Friday at S$0.285, a 14 per cent jump from its S$0.25 initial public offering (IPO) price

Shares in Medinex, which provides professional support services to medical clinics, traded sideways on Friday morning, with close to three million shares changing hands by 9.25am. The counter rose to a day-high of S$0.29 and touched a low of S$0.27 before closing at S$0.28 after 8 million shares changed hands.