The company’s stock opened at 26 cents, 4% above its offer price of 25 cents. It then rose as much as 17% to an intraday high of 30.5 cents before closing at 28.5 cents. As at Feb 10, Toku’s stock closed at 22 cents.
Technology companies are a huge driver of growth for the US market and its flagship index, the S&P 500. In Singapore, however, sectors such as banking and real estate lead the pack.
Toku, the first company to list on the Singapore Exchange (SGX) this year, says it wants to change that. The cloud communications and AI customer experience platform made a splash on its trading debut on the Catalist board of the SGX on Jan 22.
