SINGAPORE (April 18): Econ Healthcare (Asia)’s IPO of 50 million shares is around 4.1 times subscribed. The company, which describes itself as the largest private nursing home operator in Singapore and Malaysia, will start trading at 9am on Monday, April 19.
The offer priced at 28 (Singaporean) cents, received strong demand from retail investors. Of the 1.8 million shares allocated, there were a total of 3,371 applications, applying for a total of 156.5 million shares, which makes it 86.9 times subscribed.
With net proceeds of S$11.5 million, Econ Healthcare plans to...(click on link for full story on theedgesingapore.com)