SHARES of real estate management services firm LHN Limited, which
debuted on Catalist on Monday, lost ground from early-trading gains.
The stock surged as much as 13 per cent to S$0.26 from its initial
public offering (IPO) price of S$0.23 on its first day of trading,
before falling back to S$0.23 as at 10.15am.
It sold 73.9 million shares to private investors. No retail tranche
was offered. LHN's share sale raised S$17 million, and it is the first
IPO in Singapore this year.
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