The Business Times
business-time-50
SUBSCRIBERS

NoonTalk debuts 2.3% higher before ending day at IPO price of S$0.22

google-preferred-sourceAdd BT as a preferred source
Yong Jun Yuan

Yong Jun Yuan

Published Tue, Nov 22, 2022 · 09:22 AM
    • Post-IPO, NoonTalk chief executive officer Dasmond Koh will hold a 62.6 per cent stake in the company.
    • Post-IPO, NoonTalk chief executive officer Dasmond Koh will hold a 62.6 per cent stake in the company. PHOTO: YEN MENG JIIN, BT

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    MEDIA entertainment company NoonTalk debuted on the Singapore Exchange (SGX) Catalist board at S$0.225, 2.3 per cent above its initial public offering (IPO) price of S$0.22, before closing at its IPO price on Tuesday (Nov 22).

    This gives the stock a market capitalisation of S$43.6 million. The counter trades at 1,946 times its FY22 net profit of S$22,407.

    The company had earlier sold 22 million new shares, comprising 4.5 million public offer shares and 17.5 million placement shares. The offering raised gross proceeds of S$4.8 million, or S$3.3 million in net proceeds.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    IPOMedia

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    The yen weakened to a low of 125.33 yen per Singdollar on April 13, before recovering slightly to about 124.91 on April 15.

    Singaporeans can now buy record amount of yen per Singdollar

    Chinese Foreign Minister Wang Yi stopped short of explicitly naming the US or Israel as aggressors, a telling omission from a country that otherwise speaks with little diplomatic timidity.

    Beijing’s calculated silence on the Iran war 

    US President Donald Trump (left) with Chinese President Xi Jinping at a bilateral meeting on the sidelines of the Apec summit in Busan last October.

    China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result

    With the move, Ensign InfoSecurity will be reclassified as an associated company of StarHub, rather than a subsidiary.

    StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More