Shares of Jumbo Group, a food & beverage company, opened higher on debut on the Singapore Exchange after the company raised $37.5 million in net proceeds in an initial public offering.
Jumbo raised the money through selling some shares to a few cornerstone investors, placement of shares as well as a retail offering.
The company says that it intends to use the proceeds toward establishing new outlets and refurbishing existing restaurants.
The stock is at $0.375, 50% higher than the $0.25 a share offering price.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
Jumbo raised the money through selling some shares to a few cornerstone investors, placement of shares as well as a retail offering.
The company says that it intends to use the proceeds toward establishing new outlets and refurbishing existing restaurants.
The stock is at $0.375, 50% higher than the $0.25 a share offering price.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment