Sim Leisure Group ends debut on Catalist 23% lower at S$0.169

Singapore

PENANG theme park developer Sim Leisure Group (SLG) made its Catalist debut on the Singapore bourse on Friday, opening at S$0.17 - 22.7 per cent lower than its initial public offering (IPO) price of S$0.22 per share.

One market observer noted that this could be due to a lack of interest in the market, or that the company's valuation was too high.