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RE&S opens at 35.5 cents, 61% higher than IPO price

IPO

RE&S opens at 35.5 cents, 61% higher than IPO price

PC Lee Published on Wed, Nov 22, 2017 / 10:00 AM GMT+8

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SINGAPORE (Nov 22): Shares in of RE&S Holdings opened at 35.5 cents, or 61% higher than its issue price of 22 cents in its maiden debut on the Catalist board this morning.

As at 12.43pm, the stock was trading at 34 cents with some 13.1 million units changing hands.

On Tuesday night, RE&S says its invitation for the 3 million public offer shares and 32 million placement shares was 37.8 times subscribed.

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