STARBURST Holdings - which designs firearms-training facilities - commenced trading on Singapore's Catalist board on Thursday, opening at 43 Singapore cents per share.
This was 12 cents, or 39 per cent, higher than its initial public offering (IPO) price of 31 cents per share.
At 11.44 am on Thursday, Starburst was trading at 42.5 cents. More than 10 million shares were traded.
Its IPO of 50 million invitation shares for a listing on the Catalist board was about 9.5 times subscribed. Asdew Acquisitions and Eastspring Investments (Singapore) each took up more than 5 per cent of the offering shares.
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