The group’s initial public offering (IPO) of $48.1 million was 9.8 times subscribed. For the 2.8 million shares available in the retail tranche, there were 1,444 applications for a total of 47.3 million shares, which makes this 16.9 times subscribed.
Soon Hock Enterprise Holdings closed at 57.5 cents on its first day of trading on Oct 16, lower than its IPO price of 58 cents.
The industrial properties developer opened at 63 cents and went to an intra-day high of 64 cents. It closed with 27,654,5000 shares changing hands.
