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HOCK LOCK SIEW

Sheffield, Niks should have calibrated timing, pricing of IPOs to draw more investors

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Ben Paul

Ben Paul

Published Thu, Nov 2, 2023 · 05:00 AM
    • General market sentiment has been blunted by poor long-term performance and corporate governance grouses, but some recent listings such as YKGI and Pasture have not given investors anything to cheer about.
    • General market sentiment has been blunted by poor long-term performance and corporate governance grouses, but some recent listings such as YKGI and Pasture have not given investors anything to cheer about. PHOTO: BT FILE

    BELIEVE it or not, there have been two new listings on Catalist over the past week.

    Dermatology and aesthetic medical services provider Niks Professional began trading on Oct 27 (Friday), while Sheffield Green – which provides human resource services to the renewable energy sector – hit the market on Oct 30.

    The bad news is that both stocks suffered poor trading debuts. Niks ended its first trading day at S$0.20, more than 13 per cent below its initial public offering (IPO) price of S$0.23.

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