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Grand Venture Technology public tranche 15.7 times subscribed; trading starts on Wed

Michelle Zhu
Michelle Zhu • 2 min read
Grand Venture Technology public tranche 15.7 times subscribed; trading starts on Wed
SINGAPORE (Jan 22): Grand Venture Technology (GVT) says its $13.2 million initial public offering (IPO), which closed on Monday at 12 noon, successfully placed out all 42.9 million of its new shares at 27.5 cents.
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SINGAPORE (Jan 22): Grand Venture Technology (GVT) says its $13.2 million initial public offering (IPO), which closed on Monday at 12 noon, successfully placed out all 42.9 million of its new shares at 27.5 cents.

The placement, comprising 0.8 million offer shares and 42.1 million placement shares, was fully subscribed in aggregate at 1.3 times.

Trading of GVT’s shares on the SGX Catalist board is expected to start at 9am on Wednesday.

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