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Industrial property developer closes 0.9% below IPO price in trading debut
The Straits Times
|October 17, 2025
Industrial property developer Soon Hock Enterprise debuted on the mainboard of the Singapore Exchange (SGX) on Oct 16, closing 0.9 per cent below its initial public offering (IPO) price of 58 cents.
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The stock opened the day 8.6 per cent above its IPO price at 63 cents and ended at 57.5 cents, with around 277 million shares traded.
Soon Hock’s debut comes a day after the company announced that its IPO was 9.8 times subscribed. The offering was launched on Oct 8 and closed at noon on Oct 4, comprising a total of 21.6 million shares at 58 cents per share.
This included a Singapore public offer of 2.8 million shares, which was 16.9 times subscribed by retail investors, and an international offering of 18.8 million shares that was 8.7 times subscribed.
Dit verhaal komt uit de October 17, 2025-editie van The Straits Times.
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