Monday, October 27, 2014

Serrano (IPO)

Serrano: The provider of interior fitout solutions in Singapore and SE Asia will make its trading debut at 9am tmrw. Its IPO for 30m shares at $0.23 each was 1.3x subscribed. Of the net proceeds of $3.6m, $1m will be used to increase market penetration overseas while another $1m will be used to explore acquisitions and alliances.

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