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NetLink NBN Trust opens flat at IPO price of 81 cents

PC Lee Published on Wed, Jul 19, 2017 / 4:20 PM GMT+8

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SINGAPORE (July 19): NetLink NBN Trust opened flat at its IPO price of 81 cents on its first day of trading despite being Singapore’s largest listing in six years.

This gives the stock a market capitalisation of about $3.1 billion.

NetLink NBN Trust owns the republic’s fibre network infrastructure which serves 82% of residential broadband subscribers.

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