In contrast, Toku and The Assembly Place had a much warmer reception. Toku’s stock opened at 26 cents, 4% higher than its offer price of 25 cents. Prices later went up by as much as 17% before closing at 28.5 cents.
January is over, and two IPOs have hit the market. AI and cloud communications platform Toku and co-living operator The Assembly Place made their trading debuts on the Singapore Exchange (SGX)’s Catalist board on Jan 22 and Jan 23, respectively.
Notably, both listings achieved an IPO “pop”, with share prices surging on debut — a relatively rare event within the local stock market. Coliwoo Holdings, another co-living operator, had its IPO on Nov 6, 2025. The company’s shares opened 2.5% higher than its IPO price of 60 cents, only to close below it at 58.5 cents.
