Catalist-listed Dezign Format closed at 28 cents on its debut day of trading on Aug 15.
Shares opened at 26.5 cents and saw an intraday high of 28.5 cents, compared to the company’s IPO placement at 20 cents per share.
The company, which is involved in the business of events, exhibitions and décor services to customers in various industries, raised total gross proceeds of $6.5 million from the placement of 32.5 million shares at 20 cents per share.
Based on the invitation price and the post-invitation share capital of the company of 200 million
shares; the company’s post-IPO market capitalisation is $40.0 million.
Dezign Format says that it attracted commitments from various institutional investor groups, such as Asdew Acquisitions, Lion Global Investors, Maybank Asset Management, Nikko Asset Management, Pheim Asset Management and Ginko-AGT Global Growth Fund.
Shares in Dezign Format closed flat at 28 cents on Aug 15.
