Shares of mineral resources firm AsiaPhos, which focuses on exploring and mining phosphate in China, surged in its trading debut on SGX.
The stock jumped as high as $0.485, about 94% above its initial public offering price. More than 133 million shares were traded and the stock was the top-traded by value on Monday.
The company’s offering of 122 million shares at $0.25 each was around 3.8 times subscribed, it said in a stock market filing.
The stock jumped as high as $0.485, about 94% above its initial public offering price. More than 133 million shares were traded and the stock was the top-traded by value on Monday.
The company’s offering of 122 million shares at $0.25 each was around 3.8 times subscribed, it said in a stock market filing.
Well done AsiaPhos!
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