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Slow debut for POSH shares on SGX

They close 1¢ higher than IPO price of $1.15; total offering of 252.02 million shares about three times subscribed

Published Fri, Apr 25, 2014 · 10:00 PM

Singapore

SINGAPORE'S largest stock offering of the year, PACC Offshore Services Holdings (POSH), got off to a slow start yesterday, rising one cent on its first day of trading on the Singapore Exchange (SGX) mainboard.

Its shares opened at S$1.13 yesterday, lower than its IPO price of $1.15, and closed at $1.16 at the end of trading.

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Companies & Markets

Companies & Markets

Slow debut for POSH shares on SGX

Companies & Markets

Mixed trading in Asia as investors watch for further macro data; STI down 0.2%

Shareholders raise questions over dividend payout, directors’ salaries at Best World AGM ahead of proposed privatisation

China’s Bank of Communications Q1 profit rises 1.44%

Huawei’s smart car tech offers automakers route to China sales

Electrolux Q1 loss nearly triples on weak demand but beats expectations

DigitalBridge-backed Vantage said to weigh Hong Kong data centres sale

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