The company, which is involved in the business of events, exhibitions and décor services to customers in various industries, raised total gross proceeds of $6.5 million from the placement of 32.5 million shares at 20 cents per share.
Catalist-listed Dezign Format closed at 28 cents on its debut day of trading on Aug 15.
Shares opened at 26.5 cents and saw an intraday high of 28.5 cents, compared to the company’s IPO placement at 20 cents per share.
