Amid the wider market woes over hostilities between Russia and Ukraine, LS 2 surged to as high as $1.60 before ending the day at 88 cents – up a whopping 340%. In contrast, the STI dropped 3.4%.
Cleaning services company LS 2 Holdings made its trading debut on the morning of Feb 24. Its IPO offer price was 20 cents.
As per normal, SGX hosted a listing ceremony for this latest issuer on the Catalist, with the usual gong and pageantry.
