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
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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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