Kin Global Limited (Kin Global) closed at 26.5 cents on its debut day of trading on April 23, 15.2% higher than the IPO price of 23 cents per share.
Trading commenced at 9am on April 23 at 27 cents and reached an intra-day high of 27.5 cents. By the end of the trading day, approximately 12.5 million shares changed hands.
Based on the closing price of 26.5 cents, Kin Global’s market capitalisation is about $51.7 million.
“Our listing marks a new chapter of growth as we embark on our ongoing transformation to expand into the broader events tourism sector,” says Ko Chee Wah, Kin Global’s executive chairman
SAC Capital is the issue manager, sponsor, underwriter and placement agent for Kin Global’s IPO.
