POSH shares stagnating since its mainboard listing
Macquarie Warrants, which has listed call warrants on POSH, 'disappointed'
DESPITE being the year's biggest IPO offering in Singapore to date, PACC Offshore Services Holdings (POSH) has failed to excite investors and the stock has stagnated since its listing.
With an IPO price of $1.15 per share, POSH stocks started trading on the SGX mainboard on April 25. After more than a week of trading, the share price has stagnated, trading between $1.13 and $1.20.
It closed on Monday at $1.15, as it did on seven of the 10 days it has traded.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama