The Catalist listed company’s IPO was priced at 20 cents. It surged as high as $1.60 before ending Feb 24 at 88 cents. The gain of 340% is a stark contrast to STI’s drop of just over 3.4% amid jittery over outbreak of hostilities between Russia and Ukraine.
LS 2 Holdings shares gained at the start of trading today, even with SGX RegCo’s “trade with caution” alert issued on the counter last night.
As at 9.30 am, LS 2 Holdings, which made its trading debut yesterday (Feb 24), was up 2.5 cents to 90.5 cents, albeit with a modest volume of just 5,700 shares changing hands.
