Kimly trading at 42.5 cents; 70% above IPO price of 25 cents

SINGAPORE (March 20): Kimly, the homegrown coffeeshop operator, opened at 55 cents on its Catalist trading debut this morning before settling down to 42.5 cents at 10.51am with 74.5 million shares traded.

In conjunction with its listing, Kimly sold 173.8 million new shares at 25 cents each, consisting 3.8 million shares for public subscription and 170 million placement shares. Together they represented 15.1% of Kimly’s enlarged share capital of some 1.2 billion shares.

(See also: Coffeeshop operator Kimly launches IPO; to sell 173.8 million new shares at 25 cents each)

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