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Resources Global debuts with 10% premium over IPO price

The Indonesian coal trading and shipping firm had offered 15m placement shares at S$0.20 each for a Catalist listing

Vivienne Tay

Vivienne Tay

Published Fri, Jan 31, 2020 · 09:50 PM
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Singapore

THE Singapore bourse on Friday saw its first trading debut of an initial public offering (IPO) for the year, with Resources Global Development (RGD) closing at S$0.22 on the Catalist board.

The closing price is 10 per cent above the IPO price of S$0.20. The counter had opened at S$0.21.

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