UnUsUaL opens at 45.5 cents, more than double IPO placement price

SINGAPORE (April 10): Concert organiser and events promoter UnUsUaL made its trading debut on the Catalist board with a bang, opening at 45.5 cents, more than double its IPO placement price.

(See also: UnUsUaL, mm2 Asia spinoff, to raise $19.4 mil from IPO placement)

UnUsUaL, which is a spinoff unit of film and movie producer mm2 Asia, had offered 96.99 million placement shares at 20 cents each, or at 26.57 times FY15 earnings per share.

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