Y Ventures up as much as 27.3% in first-day trading

Singapore

THE counter of homegrown e-commerce retailer and distributor Y Ventures Group rose as much as 27.3 per cent above its initial public offering (IPO) price on Tuesday before closing its first day of trading on Catalist 15.9 per cent higher than the IPO price.

Trading opened on Tuesday at S$0.27, and hit a high of S$0.28 before closing the day 15.9 per cent up at S$0.255. This gave it a market capitalisation of S$51 million based on a post-placement share capital of 200 million shares. Some 6.1 million shares were traded. Its intra-day low was S$0.25.