MetaOptics Rises on Catalist Debut, Ends at 24 Cents

Semiconductor optics company MetaOptics’ share price rose as much as 25 per cent on the morning of Sept 9 on its trading debut on the Catalist board of the Singapore Exchange (SGX).

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After opening at 21 cents, the counter rose to 25 cents at 9.06am, up 25 per cent from its initial public offering (IPO) price of 20 cents.

It gradually pared some of the gains to stand at 23 cents at 10.30am, with about 1.1 million shares changing hands. The counter closed at 24 cents on Sept 9.

MetaOptics’ placement of 30 million shares at 20 cents apiece brought in $6 million, with the shares fully subscribed as at noon on Sept 5. There were 209 places, with five of them holding 15.5 million shares combined.