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Samurai 2K Aerosol, best IPO performer this year, raising $10 mil in private placement to fund expansion

PC Lee Published on Mon, Nov 27, 2017 / 8:05 PM GMT+8

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SINGAPORE (Nov 27): Samurai 2K Aerosol, the best performing IPO of 2017, is raising money for further growth.

A company that sells spray paints, Samurai 2K Aerosol is placing out 10 million new shares at $1.008 each to raise net proceeds of $9.6 million for business development and expansion. UOB Kay Hian Private has been appointed the placement agent.

Samurai 2k Aerosol sold shares in an IPO at 20 cents each in January, making it the first listing of the year. The stock closed on Monday at $1.12, up 460% since the IPO.

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Samurai 2K Aerosol, best IPO performer this year, raising $10 mil in private placement to fund expansion