Reclaims Global shares down 35.7% from IPO price on trading debut

Singapore

CATALIST-LISTED Reclaims Global closed at 14.8 Singapore cents on the company's trading debut on Monday, with about 1.44 million shares changing hands.

This was down by about 35.7 per cent from its initial public offering (IPO) price of 23 Singapore cents. The counter had opened lower at 17.9 Singapore cents, 22 per cent lower than the IPO price.

On the debut performance of the counter, UOB Kay Hian's vice-president of equities and financial products Brandon Leu said: "Market risk appet…